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. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Platform for alternative investments in startups and funds.
Service for creating and managing investment syndicates.
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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 |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | 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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| 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 |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Propel(x)
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Propel(x)
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| 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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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Propel(X)
Frequently Asked Questions about Propel(x)
When was Propel(x) founded?
Propel(x) was founded in 2014 and raised its 1st funding round 1 year after it was founded.
Where is Propel(x) located?
Propel(x) is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Is Propel(x) a funded company?
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.
What does Propel(x) do?
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.
Who are the top competitors of Propel(x)?
Propel(x)'s top competitors include StartEngine, Seedinvest and Gust.
What products or services does Propel(x) offer?
Propel(x) offers Investment Platform and SPVs-as-a-Service.
Who are Propel(x)'s investors?
Propel(x) has 7 investors. Key investors include Franklin Templeton, EvoNexus, Zhen Fund, MIT Alumni Angels of Northern California, and CLI Ventures.
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