# Propane funding: rounds and investors

> Propane has raised $1.2M across 1 round since 2025. Investors include Export and Investment Fund and Heartfelt Capital. Every round with its source.

Source: https://millionrounds.com/company/propane (Millionrounds; every figure on the page links to its filing or article)

Denmark · [Pre-seed startup](https://millionrounds.com/companies)

# Who invested in *Propane*

One round we have observed, with the 2 investors named in it. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

AI

Funding summary Updated 26 Oct 2026

**$1.2M** raised across 1 round since 2025, from 1 source

- **Latest round:** Pre-seed, $1.2M Aug 2025
- **Investors:** 2

See who backed them

## The rounds

- **Aug 2025** Pre-seed **$1.2M** [Export and Investment Fund](https://millionrounds.com/fund/export-and-investment-fund) [Heartfelt Capital](https://millionrounds.com/fund/heartfelt) Source recorded

## Founders and team

From Propane's own website: 2 founders, 1 on the team.

**Dennis Green-Lieber** CEO & Co-founder

**John Acosta** CTO & Co-founder

- **Nicolai Harms** Engineer

## Everyone who backed them

[Export and Investment Fund](https://millionrounds.com/fund/export-and-investment-fund) VC firm **1** round

[Heartfelt Capital](https://millionrounds.com/fund/heartfelt) VC firm **1** round

Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=propane).

## Quick answers about Propane

### Who invested in Propane?

Propane's investors include Export and Investment Fund and Heartfelt Capital.

### How much has Propane raised?

Propane has raised $1.2M across 1 round since 2025.

### When did Propane last raise?

Propane's most recent round was a Pre-seed of $1.2M in Aug 2025.

### What was Propane's biggest round?

Its most recent round, $1.2M in Aug 2025, is also its largest on record.

### Who backed Propane first?

Propane's first round on record, in Aug 2025, was backed by Export and Investment Fund and Heartfelt Capital.

### What stage is Propane at?

Propane's latest named round is a Pre-seed, in Aug 2025.

### Where is Propane based?

Propane is based in Denmark.

## Companies like Propane

In the same sector, and raised in the last eighteen months.

[**Lumilab** $3.3M · Oct 2026](https://millionrounds.com/company/lumilab)[**Pandektes** $15M · Oct 2026](https://millionrounds.com/company/pandektes)[**Complir** $11M · Sept 2026](https://millionrounds.com/company/complir)[**AffinityAI ApS** $646K · Sept 2026](https://millionrounds.com/company/affinityai-aps)[**IQopta** $646K · Sept 2026](https://millionrounds.com/company/iqopta)[**Velatir** $7.4M · Aug 2026](https://millionrounds.com/company/velatir)

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