joinpropel.comFinTech / Personal FinanceFounded: 2015Funding to Date: $91.41MM
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 | Nyca Partners, Andreessen Horowitz, Kleiner Perkins, Flourish Ventures, JPMorgan, Salesforce Ventures, Mischief | |
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
600.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Nyca Partners, Andreessen Horowitz, Kleiner Perkins, Flourish Ventures, JPMorgan, Salesforce Ventures, Mischief
|
||||||
09/15/2020 | Series A-1 | $16.5MM | $xx.xx | $120.91MM | Kleiner Perkins, Flourish Ventures, 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
600.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Kleiner Perkins, Flourish Ventures, Serena Ventures
|
||||||
12/14/2018 | Series A | $12.82MM | $xx.xx | $55.25MM | Nyca Partners, Andreessen Horowitz, Kleiner Perkins, Omidyar Network, Alexa von Tobel, 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
600.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Nyca Partners, Andreessen Horowitz, Kleiner Perkins, Omidyar Network, Alexa von Tobel, Thirty Five Ventures
|
||||||
04/27/2017 | Series Seed | $6.58MM | $xx.xx | $18.79MM | Andreessen Horowitz, Omidyar Network, The Durant Company, SciFi VC, Jay Borenstein, WinWin, Financial Solutions Lab | |
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
600.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Andreessen Horowitz, Omidyar Network, The Durant Company, SciFi VC, Jay Borenstein, WinWin, Financial Solutions Lab
|