About Propel(x)
Propel(x) is a company based in San Francisco (United States) founded in 2014. Propel(x) has raised $7 million across 3 funding rounds from investors including Franklin Templeton, EvoNexus and Zhen Fund. Propel(x) offers products and services including Investment Platform and SPVs-as-a-Service. Propel(x) operates in a competitive market with competitors including Seedinvest, Gust, StartEngine, Equitise and RedCrow, among others.
- Headquarter San Francisco, United States
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Sectors
Financial ServicesTechnology
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Propel(X) Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$7 M (USD)
in 3 rounds
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Latest Funding Round
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Investors
Franklin Templeton
& 6 more
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Employee Count
Employee Count
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Products & Services of Propel(x)
Propel(x) offers a comprehensive portfolio of products and services, including Investment Platform and SPVs-as-a-Service.
Platform for alternative investments in startups and funds.
Service for creating and managing investment syndicates.
People of Propel(x)
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Funding Insights of Propel(x)
Propel(x) has successfully raised a total of $7M across 3 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Last Round
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First Round
First Round
(01 Jun 2015)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2023 | Amount | Series A - Propel(x) | Valuation | EvoNexus |
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| Jul, 2020 | Amount | Series A - Propel(x) | Valuation | Franklin Templeton Investments , Zhen Fund |
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| Jun, 2015 | Amount | Seed - Propel(x) | Valuation |
investors |
Investors in Propel(x)
Propel(x) has secured backing from 7 investors, including venture fund and institutional investors. Prominent investors backing the company include Franklin Templeton, EvoNexus and Zhen Fund.
| Investor | Description | Founded Year | Domain | Location |
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12-18 month incubation programs are provided for startups in California.
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Founded Year | Domain | Location | |
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Tech & Offline focused Seed stage VC Firm investing primarily in Asia and the US
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Founded Year | Domain | Location | |
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Angel investment and mentorship are provided to innovative startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Propel(x)
Financial Statements - Propel(x)
Propel(X) Comparisons
Competitors of Propel(x)
Propel(x) operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Seedinvest, Gust, StartEngine, Equitise and RedCrow, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Startups are connected to investors via equity and revenue-based crowdfunding.
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| domain | founded_year | HQ Location |
Startups are connected to investors via a crowdfunding platform.
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| domain | founded_year | HQ Location |
Equity crowdfunding for startups and private companies is enabled.
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| domain | founded_year | HQ Location |
Equity crowdfunding is provided for early-stage innovative companies.
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| domain | founded_year | HQ Location |
Equity crowdfunding for healthcare and social ventures is facilitated online.
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Frequently Asked Questions about Propel(x)
Propel(x) was founded in 2014 and raised its 1st funding round 1 year after it was founded.
Propel(x) is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Propel(x) is a funded company, having raised a total of $7M across 3 funding rounds to date. The company's 1st funding round was a Seed of $1.5M, raised on Jun 01, 2015.
Founded in 2014 and based in San Francisco, United States, Propel(x) operates as an online platform for equity investments in deep technology startups. These startups, derived from scientific discoveries or innovations, are vetted with a lead investor assigned. Investments are restricted to accredited investors, with no fees applied. Funds are pooled into LLC vehicles for collective investment into individual startups, allowing commitments starting at 3000.
Propel(x)'s top competitors include StartEngine, Seedinvest and Gust.
Propel(x) offers Investment Platform and SPVs-as-a-Service.
Propel(x) has 7 investors. Key investors include Franklin Templeton, EvoNexus, Zhen Fund, MIT Alumni Angels of Northern California, and CLI Ventures.