# Propel funding: rounds and investors > Propel has raised $6.3M across 3 rounds since 2023. Investors include Y Combinator, Andreessen Horowitz and Google for Startups. Every round with its source. Source: https://millionrounds.com/company/propel (Millionrounds; every figure on the page links to its filing or article) Germany · [Funded startup](https://millionrounds.com/companies) # Who invested in *Propel* 3 rounds we have observed, with the 12 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it. Community Internet Funding summary Updated 26 Oct 2026 **$6.3M** raised across 3 rounds since 2023, from 4 sources **$2.8M** Seed **$3.5M** Grant - **Latest round:** Grant, $3.5M Aug 2024 - **Step-up i:** 1.3× - **Investors:** 12 See who backed them ## The funding story Each circle is a round, placed by date and sized by amount. The line above is the running total. 2024 **$2.8M** Seed **?** Venture **$3.5M** Grant - **First round:** Seed, $2.8M - **Biggest round:** $3.5M - **Usual gap between rounds:** 8 months ## The rounds - **Aug 2024** Grant **$3.5M** *7 new* [Y Combinator](https://millionrounds.com/fund/y-combinator) [Andreessen Horowitz](https://millionrounds.com/fund/andreessen-horowitz) [Salesforce Ventures](https://millionrounds.com/fund/salesforce-ventures) [Kleiner Perkins](https://millionrounds.com/fund/kleiner-perkins) [Serena](https://millionrounds.com/fund/serena) [Nyca Partners](https://millionrounds.com/fund/nyca-partners) [Flourish Ventures](https://millionrounds.com/fund/flourish-ventures-2) Source recorded - **Mar 2024** Venture **Amount undisclosed** *3 new* [IQ Capital](https://millionrounds.com/fund/iq-capital) [Iconiq Capital](https://millionrounds.com/fund/iconiq-capital-3) [The Draper Richards Kaplan Foundation](https://millionrounds.com/fund/the-draper-richard) Source recorded and 1 other - **Jul 2023** Seed **$2.8M** *2 new* [Google for Startups](https://millionrounds.com/fund/google-for-startups) [APX](https://millionrounds.com/fund/apx) Source recorded ## Founders and team From Propel's own website: 4 on the team. - **James Geneau** CEO - **Elaine McKinnon** CFO - **Leanne Fraser-Hendricken** Accelerator Operations Coordinator - **Angela Hodgson** Director 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. **Seed** 2023 **Venture** 2024 **Grant** 2024 [Y Combinator](https://millionrounds.com/fund/y-combinator) [Andreessen Horowitz](https://millionrounds.com/fund/andreessen-horowitz) [Google for Startups](https://millionrounds.com/fund/google-for-startups) [Salesforce Ventures](https://millionrounds.com/fund/salesforce-ventures) [Kleiner Perkins](https://millionrounds.com/fund/kleiner-perkins) [IQ Capital](https://millionrounds.com/fund/iq-capital) [Serena](https://millionrounds.com/fund/serena) [Nyca Partners](https://millionrounds.com/fund/nyca-partners) [Iconiq Capital](https://millionrounds.com/fund/iconiq-capital-3) [Flourish Ventures](https://millionrounds.com/fund/flourish-ventures-2) ## Everyone who backed them [Y Combinator](https://millionrounds.com/fund/y-combinator) Accelerator **1** round [Andreessen Horowitz](https://millionrounds.com/fund/andreessen-horowitz) VC firm **1** round [Google for Startups](https://millionrounds.com/fund/google-for-startups) Accelerator **1** round [Salesforce Ventures](https://millionrounds.com/fund/salesforce-ventures) Corporate VC **1** round [Kleiner Perkins](https://millionrounds.com/fund/kleiner-perkins) VC firm **1** round [IQ Capital](https://millionrounds.com/fund/iq-capital) VC firm **1** round [Serena](https://millionrounds.com/fund/serena) VC firm **1** round [Nyca Partners](https://millionrounds.com/fund/nyca-partners) VC firm **1** round [Iconiq Capital](https://millionrounds.com/fund/iconiq-capital-3) Growth equity **1** round [Flourish Ventures](https://millionrounds.com/fund/flourish-ventures-2) VC firm **1** round [APX](https://millionrounds.com/fund/apx) VC firm **1** round [The Draper Richards Kaplan Foundation](https://millionrounds.com/fund/the-draper-richard) VC firm **1** round Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=propel). ## 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. [East Valley Ventures](https://millionrounds.com/fund/east-valley-ventures) VC firm Per its own site [Atlantic Venture Forum](https://millionrounds.com/fund/atlantic-venture-forum) VC firm Per its own site ## Quick answers about Propel ### 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. ### 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. ## Companies like Propel In the same sector, and raised in the last eighteen months. [**Delivery Hero** $2.8B · May 2026](https://millionrounds.com/company/delivery-hero)[**GitButler** $17M · Apr 2026](https://millionrounds.com/company/gitbutler)[**Cargo.one** $23M · Mar 2026](https://millionrounds.com/company/cargo-one)[**AUTO1 Group** $815M · Sept 2025](https://millionrounds.com/company/auto1-group)[**Holidu** $53M · Jun 2025](https://millionrounds.com/company/holidu)[**Whop** $400M · Oct 2026](https://millionrounds.com/company/whop) ## Find investors like these Search every investor by what they have actually funded, then narrow to your stage and market. Free. 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