Germany · 
Who invested in Propel?
Propel's investors include Y Combinator, Andreessen Horowitz, Google for Startups, Salesforce Ventures and Kleiner Perkins, and 7 more on record.
2024
$2.8MSeed?Venture$3.5MGrant
Germany · Funded startup
Who invested in Propel
Funding summaryUpdated 26 Oct 2026
$6.3Mraised across 3 rounds since 2023, from 4 sources
$2.8MSeed$3.5MGrant
- Latest round
- Grant, $3.5MAug 2024
- Step-upi
- 1.3×
- Investors
- 12
The funding story
Each circle is a round, placed by date and sized by amount. The line above is the running total.
- First round
- Seed, $2.8M Jul 2023
- Biggest round
- $3.5M Grant · Aug 2024
- Usual gap between rounds
- 8 months the median of 2
The rounds
- Aug 2024Grant$3.5M7 new
Y Combinator
Andreessen Horowitz
Salesforce Ventures
Kleiner Perkins
Serena
Nyca Partners
Flourish Ventures
Source recorded
- Mar 2024VentureAmount undisclosed3 new
Source recorded and 1 other
- Jul 2023
Founders and team
From Propel's own website: 4 on the team.
- James GeneauCEO
- Elaine McKinnonCFO
- Leanne Fraser-HendrickenAccelerator Operations Coordinator
- Angela HodgsonDirector of Operations & Programming
Who was in which round
The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led.
Everyone who backed them
Google for StartupsAccelerator1round
Missing a round, or an investor who was in one? Tell us.
Also claim to have backed them
These 2 firms list Propel as a portfolio company on their own websites, but no report of a round names them. They are the firms' own claims, kept apart from the rounds above.
Quick answers about Propel
How much has Propel raised?
Propel has raised $6.3M across 3 rounds since 2023. One round did not disclose an amount, so the total is a floor.
When did Propel last raise?
Propel's most recent round was a Grant of $3.5M in Aug 2024.
What was Propel's biggest round?
Its most recent round, $3.5M in Aug 2024, is also its largest on record.
Who backed Propel first?
Propel's first round on record, in Jul 2023, was backed by Google for Startups and APX.
What stage is Propel at?
Propel's latest named round is a Grant, in Aug 2024.
Where is Propel based?
Propel is based in Germany.
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