# Propel Software: Information technology & services, Redwood City, United States

> Propel Software: Propel Software is a technology company based in Redwood City/Santa Clara that specializes in Product Value Management (PVM).

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

United States · [Information technology & services startup](https://millionrounds.com/companies)

# Propel Software

Propel Software is a technology company based in Redwood City/Santa Clara that specializes in Product Value Management (PVM).

Funding reported Last round: Series C

Information technology & services Redwood City, United States

Company summary

- **Founded:** 2015 11 years old
- **Team:** 140 51 to 200 people
- **Funding reported:** $52M in dollars
- **Last round:** Series C Sept 2021

How sure we are

- ✓ **Listed** We know it exists and what it does
- 2 **Funding reported** A company dataset reports a raise
- 3 **Observed** A filing or a dated announcement confirms a round

No round for Propel Software has been confirmed by a filing or an announcement yet, so nothing here counts toward an investor's record. [How we decide](https://millionrounds.com/methodology)

## About Propel Software

Propel Software is a technology company based in Redwood City/Santa Clara that specializes in Product Value Management (PVM).

Their platform, built on Salesforce, aims to help product companies enhance revenue, increase business value, and foster long-term customer relationships. Propel connects commercial and product teams to improve decision-making, drive efficiencies, and engage customers effectively. The Propel platform integrates Product Lifecycle Management (PLM), Product Information Management (PIM), and Quality Management Systems (QMS) into a single system. This unified approach enables collaboration across teams and accelerates product market entry. Propel also features innovations like agentic AI solutions and the Model Context Protocol, enhancing workflows and service capabilities. The company has been recognized as one of America’s fastest-growing private companies and has raised significant funding to support its growth. Propel serves a diverse range of clients, including startups and Fortune 500 companies in high-tech, medtech, and consumer goods industries.

## What company datasets say Propel Software raised

Funding, as reported

Reported in all **$52M** in dollars

Last round **Series C**

Last round size **$20M**

Last round date **Sept 2021**

Investors listed **5**

## Founders and team

From Propel Software's own website: 1 founder, 11 on the team.

**Ray Hein** Founder

- **Ross Meyercord** Chief Executive Officer
- **Alexa Vignone** Executive Vice President, Technology
- **Dario Ambrosini** Chief Marketing Officer
- **Eric Schrader** Chief Product Officer
- **Kishore Subramanian** Chief Technology Officer
- **Paolo Battaglini** Chief Financial Officer
- **Zack Jha** Chief Revenue Officer
- **Emma Thomas** VP, People Ops
- **Mitesh Kapadia** VP of Professional Services
- **Jared Smith** General Partner
- **Matt Holleran** General Partner

## On 2 portfolio pages

Investors who name them

- [SignalFire](https://millionrounds.com/fund/signalfire)
- [Ankona Capital](https://millionrounds.com/fund/ankona-capital)

Each firm lists Propel Software on its own website. That is the firm's claim, a weaker thing than a round we watched, but a named source.

## The company, in detail

What they build

Known for

hardware health care security automated compliance checks salesforce integration data governance distribution cloud-based plm manufacturing computer & network security enterprises product quality improvement internet of things field service management information technology & services enterprise saas

Built with from their website

Adobe Marketo Engage Google Tag Manager Amazon CloudFront Heroku Google Cloud YouTube Google Workspace CloudFlare Viewport Meta Zoomdata

+8 more

DemandBase ZoomInfo Sales Webflow Hosting Apple Business Manager Google Cloud Hosting AI Google Meet NetSuite

- **Sector:** Information technology & services
- **Industry code:** NAICS 54133, 513210, SIC 3599, 7372
- **Region:** California
- **Revenue:** $80M a year, as listed

## How it ended, so far

Exit

Exit Buyer Price When

Acquired [Apple](https://millionrounds.com/fund/apple) undisclosed Jun 2002

## Information technology & services in United States

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- [**Cursor** San Francisco · founded 2017 *Raised*](https://millionrounds.com/company/cursor)
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- [**Polymarket** New York · founded 2020 *Raised*](https://millionrounds.com/company/polymarket)
- [**Harvey** San Francisco · founded 2022 *Raised*](https://millionrounds.com/company/harvey)

## Is this your company?

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