🚀 Big News from Propel!

We’re excited to announce the close of our $100M Fund V, which will expand Propel’s global investments in visionary founders building tomorrow's economy. 

Since our founding in 2016, Propel has raised over $436M to invest in 62 companies across modern banking and wealth platforms, crypto infrastructure and brokerages, and enterprise SaaS serving the Fortune 500. We support founders at the earliest stages – often, the product exists only in PowerPoint – and we’re passionate about helping build enduring businesses that transform the financial services ecosystem. 

Financial services is a massive part of the global economy and it’s also one of the largest consumers of technology. But this sector has long struggled to quickly innovate, which creates ample opportunities for startups. As AI rebuilds every aspect of financial services, crypto establishes new rails for economic activity and incumbents require new technologies to empower their reinvention, the time is now for startups to capitalize on these opportunities.

Propel’s portfolio is a testament to the substantial opportunities in revolutionizing money, reinventing financial services and creating technology that transforms traditional institutions. Highlights include:

• Scaling Businesses: 10 of our portfolio companies are generating more than $100 million in annual revenue, including Coinbase, Docusign, Groww, Guideline, Hippo, Neon, Newfront and Nomad Global. 
• Global Reach: In addition to the U.S., our portfolio companies are headquartered in 8 countries, including Neon and Nomad Global in Brazil, Akua and Truora in Colombia, Safebooks in Israel and Groww in India. 
• Notable Public Listings: Our investments include Coinbase, Docusign and Hippo.
• LatAm Commitment: We’ve invested $98 million across 13 companies in Latin America. With its large population and favorable market dynamics, São Paulo is a particular focus, with companies including Neon and Nomad Global.

To date, Propel’s Fund V has made five new investments across emerging sectors, including AI-native companies for financial planning and analysis, payment processing infrastructure, and energy infrastructure. Currently, we’re investing in pre-seed and seed rounds, writing primarily $1-4 million checks. 

If you’re a founder working to transform the financial services ecosystem or create horizontal technologies incumbents can’t ignore, we want to hear from you. Reach out to our team here.

A heartfelt thank you to our long-term limited partner BBVA, the entire Propel team and everyone who’s contributed to our successes along the way. Most of all, thank you to the founders who have partnered with Propel and taken as much of a bet on us as we've on them. It’s truly a gift to work with talented entrepreneurs every day and help bring their visions to life.

Onward!

🤝Jay and David