About Propel(x)
Propel(x) is a Financial Services company based in San Francisco (United States) founded in 2014. Deep technology startups are funded via equity crowdfunding platform. It operates in the Financial Services and Technology sectors. 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. Its focus areas include FinTech, Crowdfunding, Equity and Startups. Its legal entity is Propel(x) Inc. Its competitors include Seedinvest, Gust and StartEngine; 3 of its 3 listed competitors have raised funding.
Company details
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.
- Headquarters San Francisco, United States
- SectorsFinancial ServicesTechnology
- Website propelx.com
- Social LinkedIn X Facebook YouTube
- Legal Name Propel(X) Inc.
- Total Equity Funding$7M (USD)
in 3 rounds
- InvestorsFranklin Templeton
& 6 more
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.
Apps and channels of Propel(x)
its YouTube channel Propel(x) has 43 subscribers and 30 videos.
Videos from Propel(x)
The most watched videos on Propel(x)'s YouTube channel, Propel(x) (43 subscribers). Click a video to play it here.
More on Propel(x).
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 $7M
- Total Rounds 3
- First Round $1.5M
(Jun 2015)
- Investors Count 7
All 3 funding rounds of Propel(x) with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan 2023 | Series A | – | EvoNexus | – | |
| Jul 2020 | $5.5M | Series A | – | Franklin Templeton Investments, Zhen Fund | – |
| Jun 2015 | $1.5M | Seed | – | – |
7 investors in total: 7 institutional.
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 |
|---|---|---|---|---|
12-18 month incubation programs are provided for startups in California. | evonexus.org | San Diego, United States | ||
Tech & Offline focused Seed stage VC Firm investing primarily in Asia and the US | zhenfund.com | Beijing, China | ||
Angel investment and mentorship are provided to innovative startups. | 2014 | mitalumniangelsnorcal.com | Silicon Valley, United States | |
VC Firm investing in geographies such as the US | cli.ventures | Palo Alto, United States | ||
Venture capital firm | idgcapital.com | New York, United States | ||
Chinese venture fund in Silicon Valley | tsvcap.com | Los Altos, United States | ||
Diversified investment management services are offered globally by the firm. | 1947 | franklintempleton.com | New York, United States |
Investor details for Propel(x)
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
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Verified entity values are shown only after access is granted.
People of Propel(x)
14 people are tracked at Propel(x) (3 in leadership, 5 in board & advisors, 6 in team).
| Name | Role | Group |
|---|---|---|
Swati Chaturvedi | Co-Founder & CEO | Leadership |
Jason May | Chief Technology Officer | Leadership |
Lisheng Wang | Co-Founder & Head, Investments | Leadership |
Veda Narayanan | Advisor | Board & advisors |
Pierre Caramazza | Advisor | Board & advisors |
Ronjon Nag | Board Member | Board & advisors |
Chaomei Chen | Board Member | Board & advisors |
Scott Andersen | Advisor | Board & advisors |
Mariano Troccoli | Investor | Team |
Matt Lucas | Evaluation Contributor - Science And Technology Startups | Team |
Robert Ellis | Technical Consultant | Team |
David Orchard-Webb | Evaluation Contributor - Science And Technology Startups | Team |
Anand V | Evaluation Contributor - Science And Technology Startups | Team |
Hasmita Kapoor | Marketing Lead | Team |
Complete people profiles for Propel(x)
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
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Timeline of Propel(x)
3 dated milestones of Propel(x) across 9 years, from founding to its latest funding, stage changes and deals.
- Founded Propel(x) is founded.
- Funding First funding round of $1.5M.
- Funding Latest funding round, Series A,.
Competitors of Propel(x)
Propel(x) has 3 listed competitors in our database, 3 of them funded. They include Seedinvest, Gust and StartEngine.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| seedinvest.com | 2012 | New York, United States | $9.28M | Startups are connected to investors via equity and revenue-based crowdfunding. | ||
| gust.com | 2004 | New York, United States | $18.37M | 3 | Startups are connected to investors via a crowdfunding platform. | |
| startengine.com | 2011 | Los Angeles, United States | $125.45M | 89 | Equity crowdfunding for startups and private companies is enabled. |
Detailed competitors of Propel(x)
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- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
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Web traffic of Propel(x)
The website of Propel(x) (propelx.com) receives about 5.6K visits a month.
- Monthly visits5.6K
▲ 42.6% vs previous month
Websites whose visitors overlap most with Propel(x). Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| bertramcapital.com | 100% | 14.2K | #1,467,148 | View details | |
| paineschwartz.com | 96% | #1,684,484 | View details | ||
| daglar-cizmeci.com | 91% | View details | |||
| entreecap.com | 90% | #1,667,557 | View details | ||
| ltse.com | 86% | 28.7K | #947,769 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 9 similar websites and full traffic analytics for Propel(x)
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 9 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
Top companies in Crowdfunding
3 companies that operate in the same segment as Propel(x) (Crowdfunding) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Reward-based crowdfunding is facilitated for content creators and musicians. | 2013 | San Francisco, California, United States | USD 412.1 M | 1,218 | ||
An investment platform offering access to private market investments | 2010 | Washington, District Of Columbia, United States | USD 53.73 M | |||
Funds are raised online for social causes via crowdfunding platform. | 2008 | San Diego, California, United States |
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Related news about Propel(X)
Complete news archive for Propel(x)
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
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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 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.
Propel(x) operates through Propel(X) Inc..