Propel is a mobile finance platform focusing on the financial health of lower income individuals. Their mobile app, Providers, allows users to manage benefits, discover new earnings opportunities, and more. Propel was founded in 2014 by Sizhe Chen, Jeff Kaiser, Ram Mehta, Shelly Ni, and Kevin Miller and is headquartered in New York, NY.
Funding Date | Share Class | Amount Raised | Price per Share | Post-Money Valuation | Key Investors | |
---|---|---|---|---|---|---|
04/08/2022 | Series B | $55.52MM | $xx.xx | $503.13MM | Andreessen Horowitz, Flourish Ventures, Jpmorgan, Kleiner Perkins, Mischief, Nyca Partners, Salesforce Ventures | |
Price per Share
$xx.xx
Shares Outstanding
3,233,270
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Andreessen Horowitz, Flourish Ventures, Jpmorgan, Kleiner Perkins, Mischief, Nyca Partners, Salesforce Ventures
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09/15/2020 | Series A-1 | $16.5MM | $xx.xx | $120.91MM | Flourish Ventures, Kleiner Perkins, Serena Ventures | |
Price per Share
$xx.xx
Shares Outstanding
3,571,426
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Flourish Ventures, Kleiner Perkins, Serena Ventures
|
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12/14/2018 | Series A | $12.82MM | $xx.xx | $55.25MM | Alexa Von Tobel, Andreessen Horowitz, Kleiner Perkins, Nyca Partners, Omidyar Network, Thirty Five Ventures | |
Price per Share
$xx.xx
Shares Outstanding
5,021,925
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Alexa Von Tobel, Andreessen Horowitz, Kleiner Perkins, Nyca Partners, Omidyar Network, Thirty Five Ventures
|
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04/27/2017 | Series Seed | $6.58MM | $xx.xx | $18.79MM | Andreessen Horowitz, Financial Solutions Lab, Jay Borenstein, Omidyar Network, Scifi Vc, The Durant Company, Winwin | |
Price per Share
$xx.xx
Shares Outstanding
5,800,820
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Andreessen Horowitz, Financial Solutions Lab, Jay Borenstein, Omidyar Network, Scifi Vc, The Durant Company, Winwin
|