# Propel Capital: portfolio, investments and team

> Propel Capital is an accelerator based in Sweden. 52 investments on record, 4 in the last 12 months, latest Sept 2026. Portfolio, stages, co-investors and team.

Source: https://millionrounds.com/fund/propel-capital (Millionrounds; every figure on the page links to its filing or article)

Sweden · [Investor](https://millionrounds.com/investors)

# Propel Capital

Last cheque observed Sep 2026; 52 cheques on record.

Deploying now Accelerator Website unconfirmed

Pre-seed Seed Health Climate Society

Deploying now

**100%** of best year **4** **cheques in 12 months**, 52 on record

Since the last cheque **43** days **00** hrs **00** min **00** sec

Median round **$996K** Rounds led **0 of 52** Sole investor **5 rounds** Mostly in **Sweden, 86%**

Pitch Propel Capital

## Propel Capital highlights

- 01 4 cheques in the last 12 months
- 02 Mostly Venture and Seed: 75% of its rounds
- 03 Sole investor in 5 rounds, median $1.4M

## What they do

- **Type:** Accelerator
- **Cheque size:** Up to $50K as they say
- **Stages:** Pre-seed Seed
- **Sectors:** Health Climate Society
- **Based in:** Stockholm, Sweden
- **Cold pitches:** Accepted

A website was listed for this organisation, but we could not confirm it belongs to the firm that wrote these cheques. Either the site never mentions them, or it turned out to be a different company sharing the name. We show neither it nor anything read from it. [Tell us the right one](https://millionrounds.com/corrections?slug=propel-capital).

## The record

Every round we can evidence, newest first **52 appearances**

- **2026** 4 rounds
- **Sept** **[Freya Industries](https://millionrounds.com/company/freya-industries)** Seed · SE · ArcticStartup **$615K** With 5 others
- **Jul** **[Float](https://millionrounds.com/company/float)** Series A · SE · Firms' own news pages **$5.2M** With 2 others
- **Jun** **[imagi](https://millionrounds.com/company/imagi)** Venture · SE **$3.0M** With 5 others
- **Jun** **[Reactional Music](https://millionrounds.com/company/reactional-music)** Seed · SE **$7.4M** With 4 others
- **2025** 1 round
- **Aug** **[Seaqure Labs AB](https://millionrounds.com/company/seaqure-labs-ab)** Pre-seed · SE **$546K** With 2 others
- **2024** 1 round
- **Aug** **[Impactpool](https://millionrounds.com/company/impactpool)** Series A · SE **$3.9M** With 1 other
- **2023** 8 rounds
- **Dec** **[Enerpoly](https://millionrounds.com/company/enerpoly)** Grant · SE **$8.4M** With 1 other
- **Sept** **[Airmee](https://millionrounds.com/company/airmee)** Series B · SE **$5.0M** With 4 others
- **Jun** **[Mother](https://millionrounds.com/company/mother)** Pre-seed · SE **$276K** With 1 other
- **Jun** **[Johannas Stadsodlingar](https://millionrounds.com/company/johannas-stadsodlingar)** Grant · SE **$758K** With 2 others
- **May** **[UTI-lizer](https://millionrounds.com/company/uti-lizer)** Seed · SE **$653K** With 2 others
- **Mar** **[Klimato](https://millionrounds.com/company/klimato)** Seed · SE **$4.5M** With 2 others
- **Feb** **[GoFrendly](https://millionrounds.com/company/gofrendly)** Venture · SE **$1.2M** With 1 other
- **Jan** **[Canary](https://millionrounds.com/company/canary)** Seed · JP **$1.3M** Sole investor
- **2022** 7 rounds
- **Oct** **[Mursion](https://millionrounds.com/company/mursion)** Venture · US **$5.0M** With 2 others
- **Oct** **[Tilly](https://millionrounds.com/company/tilly)** Seed · SE **$27K** With 2 others
- **Sept** **[Relox Robotics](https://millionrounds.com/company/relox-robotics)** Venture · SE **$1.0M** With 2 others
- **Aug** **[Imagin Medical](https://millionrounds.com/company/imagin-medical)** Debt · US **$7.3M** With 3 others
- **Jun** **[Beleco](https://millionrounds.com/company/beleco)** Venture · SE **Undisclosed** With 2 others
- **Feb** **[Care to Translate](https://millionrounds.com/company/care-to-translate)** Venture · SE **$2.8M** With 1 other
- **Feb** **[xNomad](https://millionrounds.com/company/xnomad)** Seed · SE **$3.2M** With 4 others
- **2021** 8 rounds
- **Jun** **[Mindmore](https://millionrounds.com/company/mindmore)** Seed **$1.3M** With 3 others
- **May** **[Ridesum](https://millionrounds.com/company/ridesum)** Seed **$991K** With 1 other
- **May** **[Pliance](https://millionrounds.com/company/pliance)** Seed **$517K** With 2 others
- **Apr** **[Allihoop](https://millionrounds.com/company/allihoop)** Seed **$750K** With 2 others
- **Apr** **[yayloh](https://millionrounds.com/company/yayloh)** Venture **$295K** With 2 others
- **Apr** **[Ridely](https://millionrounds.com/company/ridely)** Venture **Undisclosed** With 3 others
- **Apr** **[Tilly](https://millionrounds.com/company/tilly)** Pre-seed · SE **$292K** With 2 others
- **Jan** **[Heap Carsharing](https://millionrounds.com/company/heap-carsharing)** Pre-seed **$239K** With 1 other
- **2020** 5 rounds
- **Oct** **[Panprices](https://millionrounds.com/company/panprices)** Pre-seed **$639K** With 1 other
- **May** **[AppJobs.com](https://millionrounds.com/company/appjobs-com)** Seed **$5.5M** With 1 other
- **Jan** **[MediCheck](https://millionrounds.com/company/medicheck)** Series A **$946K** With 1 other
- **Jan** **[Medpeople](https://millionrounds.com/company/medpeople)** Venture **$1.0M** With 1 other
- **Jan** **[Match2One](https://millionrounds.com/company/match2one)** Venture **$1.5M** With 1 other
- **2019** 9 rounds
- **Nov** **[Woshapp](https://millionrounds.com/company/woshapp)** Venture **$3.1M** With 2 others
- **Oct** **[Typelane](https://millionrounds.com/company/typelane)** Seed **$824K** With 1 other
- **Oct** **[Sellpy](https://millionrounds.com/company/sellpy)** Venture **$10M** With 1 other
- **Sept** **[Minnemera](https://millionrounds.com/company/minnemera)** Seed **$776K** With 3 others
- **Sept** **[Prion](https://millionrounds.com/company/prion)** Pre-seed **$412K** With 1 other
- **Jul** **[Wehype](https://millionrounds.com/company/wehype)** Seed **$1.3M** With 1 other

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

## The team

We hold **1** person at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.

## What they claim to have backed

From their own portfolio page (on their website)

**0** of 2 we have independently watched raise

Apply to Sting Apply to Sting

Weaker than a round we watched, stronger than a list somebody sold us. A firm is far less willing to put a company on its own site that it never funded.

## The cheque

Pre-seed Seed

Median round joined **$996K** the round, not its cheque Alone, median **$1.4M**

Led 0 of 52 rounds **0%**

- **Said size:** Up to $50K
- **Sole investor:** 5 rounds
- **Last cheque:** Sept 2026

Rounds by stage said on their site

- Venture *20*
- Seed said *18*
- Pre-seed said *6*
- Series A *3*
- Grant *3*
- Debt *1*

Cheques by month Led Joined

Nov 2023 Oct 2026

Often in the room with

- [Sting](https://millionrounds.com/fund/sting) 42
- [Almi Invest](https://millionrounds.com/fund/almi-invest) 12
- [Antler](https://millionrounds.com/fund/antler) 5
- [Chalmers Ventures AB](https://millionrounds.com/fund/chalmers-ventures-ab) 2
- [EIC Accelerator](https://millionrounds.com/fund/eic-accelerator) 2
- [EISMEA](https://millionrounds.com/fund/eismea) 2

**Pitching Propel Capital?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque.

Add to your CRM *→*

## Who they invest alongside

The investors most often in the same rounds as Propel Capital. A count of rooms they were both in, not a relationship either has claimed.

[**Sting** VC firm **42** rounds together](https://millionrounds.com/fund/sting)[**Almi Invest** VC firm **12** rounds together](https://millionrounds.com/fund/almi-invest)[**Antler** VC firm **5** rounds together](https://millionrounds.com/fund/antler)[**Chalmers Ventures AB** VC firm **2** rounds together](https://millionrounds.com/fund/chalmers-ventures-ab)[**EIC Accelerator** Government **2** rounds together](https://millionrounds.com/fund/eic-accelerator)[**EISMEA** Investment firm **2** rounds together](https://millionrounds.com/fund/eismea)[**Google** Accelerator **2** rounds together](https://millionrounds.com/fund/google-assistant-investments)[**Google for Startups** Accelerator **2** rounds together](https://millionrounds.com/fund/google-for-startups)

## Recently backed

The latest companies Propel Capital put money into.

[**Freya Industries** $615K · Sept 2026](https://millionrounds.com/company/freya-industries)[**Float** $5.2M · Jul 2026](https://millionrounds.com/company/float)[**imagi** $3.0M · Jun 2026](https://millionrounds.com/company/imagi)[**Reactional Music** $7.4M · Jun 2026](https://millionrounds.com/company/reactional-music)[**Impactpool** $3.9M · Aug 2024](https://millionrounds.com/company/impactpool)[**Enerpoly** $8.4M · Dec 2023](https://millionrounds.com/company/enerpoly)

## Quick answers about Propel Capital

### What does Propel Capital invest in?

Propel Capital invests most often at Venture and Seed (75% of the rounds on record), in sectors such as Health, Climate and Society.

### How active is Propel Capital?

52 investments on record, 4 of them in the last 12 months. The most recent was in Sept 2026.

### What has Propel Capital invested in recently?

Its most recent investments on record: Freya Industries (Seed, Sept 2026), Float (Series A, Jul 2026) and imagi (Venture, Jun 2026).

### How big are Propel Capital's cheques?

The median round it joins is $996K.

### Does Propel Capital lead rounds?

Rarely, if at all: none of its 52 investments on record names it as the lead.

### Where does Propel Capital invest?

Most of the companies it backs are in Sweden (86%) and the United States (9%).

### Is Propel Capital investing now?

Yes: it is actively investing, with 4 investments in the last 12 months.

### Who does Propel Capital invest alongside?

Most often Sting (42 rounds together), Almi Invest (12 rounds together) and Antler (5 rounds together).

## Raising now?

Find the investors who back rounds like yours, and keep every conversation on one fundraising board.

Find similar investorsOpen your CRM

Built from the rounds we watched, its filings and its own website, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections?slug=propel-capital) · [Is this your firm? Claim it](https://millionrounds.com/claim?org=propel-capital)