Investments
67Portfolio Exits
10Funds
4Service Providers
2
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CB Insights Intelligence Analysts have mentioned Propel Venture Partners in 3 CB Insights research briefs, most recently on Apr 14, 2022.
Latest Propel Venture Partners News
Dec 22, 2022
Groww, a simple, free investment platform for millennials, has raised $6.2 million in a Series A round of funding led by Sequoia India. Y Combinator, Propel Venture Partners and Kauffman Fellows also participated in the round. The funds will be used to build technology to scale and launch new products that offer high quality investment options to the young, increasingly upward mobile generation. Launched in April 2017, Groww currently offers direct mutual fund investment plans and soon plans to roll out all other investment products including stocks. Groww focusses on millennial investors and has a fast-growing user base of over a one million users. They actively engage with this user base, sharing information around products and services that and help them make informed investment decisions. “Millennials are increasingly moving towards financial products instead of real estate and gold. Our goal is to become THE wealth app for the younger generation. There are 200 million people with investable income in India, but only 20 million investors. The only way to bring the next 180 million onboard is by making investing simple”, said Lalit Keshre, Co-founder & CEO, Groww. “We want to create a platform that has all possible investment solutions within a tech-enabled, easy-to-use interface - and all this, while providing the best-in-class user experience above all else. That is the fundamental premise of our offering.” “We are seeing a strong growth in the Indian investor base which is fuelling the market need for a better and inexpensive investment platform like Groww”, said Ashish Agrawal, Principal, Sequoia Capital India Advisors. “With their strong product sensibilities and focus on the millennial investor, Groww aspires to be the preferred product for retail investors in India. Sequoia India is excited to lead the Series A investment and join the founders journey to transform retail investing in India.” Groww is the brainchild of ex-Flipkart employees Lalit Keshre, Harsh Jain, Neeraj Singh and Ishan Bansal. The startup has been recognized by BSE for one of the "highest transaction in mutual funds" on a platform. Share this article:
Propel Venture Partners Investments
67 Investments
Propel Venture Partners has made 67 investments. Their latest investment was in Helius as part of their Seed VC on October 10, 2022.
Propel Venture Partners Investments Activity
Date | Round | Company | Amount | New? | Co-Investors | Sources |
|---|---|---|---|---|---|---|
10/19/2022 | Seed VC | Helius | $3.1M | Yes | 1 | |
5/16/2022 | Series A - II | Nomad | $32M | No | 2 | |
4/8/2022 | Series A | Truora | $15M | Yes | Accel, Alex Bouaziz, Angela Borrero, Brian Requarth, Dileep Thazhmon, Huey Lin, Maria Echeverri Gomez, Propel Venture Partners, Simon Borrero, Tatiana Fontalvo, Undisclosed Angel Investors, and Valentina Valencia | 3 |
3/30/2022 | Seed VC | |||||
3/15/2022 | Pre-Seed |
Date | 10/19/2022 | 5/16/2022 | 4/8/2022 | 3/30/2022 | 3/15/2022 |
|---|---|---|---|---|---|
Round | Seed VC | Series A - II | Series A | Seed VC | Pre-Seed |
Company | Helius | Nomad | Truora | ||
Amount | $3.1M | $32M | $15M | ||
New? | Yes | No | Yes | ||
Co-Investors | Accel, Alex Bouaziz, Angela Borrero, Brian Requarth, Dileep Thazhmon, Huey Lin, Maria Echeverri Gomez, Propel Venture Partners, Simon Borrero, Tatiana Fontalvo, Undisclosed Angel Investors, and Valentina Valencia | ||||
Sources | 1 | 2 | 3 |
Propel Venture Partners Portfolio Exits
10 Portfolio Exits
Propel Venture Partners has 10 portfolio exits. Their latest portfolio exit was Embed on June 21, 2022.
Date | Exit | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Acquirer | Sources |
|---|---|---|---|---|---|
6/21/2022 | Acquired | 6 | |||
1/27/2022 | Corporate Majority | 3 | |||
11/16/2021 | Acquired | 2 | |||
Date | 6/21/2022 | 1/27/2022 | 11/16/2021 | ||
|---|---|---|---|---|---|
Exit | Acquired | Corporate Majority | Acquired | ||
Companies | |||||
Valuation | |||||
Acquirer | |||||
Sources | 6 | 3 | 2 |
Propel Venture Partners Fund History
4 Fund Histories
Propel Venture Partners has 4 funds, including Propel fund I.
Closing Date | Fund | Fund Type | Status | Amount | Sources |
|---|---|---|---|---|---|
7/20/2021 | Propel fund I | $58.59M | 1 | ||
3/1/2016 | Propel Venture Partners US Fund I | ||||
3/1/2012 | BBVA Ventures I | ||||
BBVA Ventures Fund |
Closing Date | 7/20/2021 | 3/1/2016 | 3/1/2012 | |
|---|---|---|---|---|
Fund | Propel fund I | Propel Venture Partners US Fund I | BBVA Ventures I | BBVA Ventures Fund |
Fund Type | ||||
Status | ||||
Amount | $58.59M | |||
Sources | 1 |
Propel Venture Partners Service Providers
2 Service Providers
Propel Venture Partners has 2 service provider relationships
Service Provider | Associated Rounds | Provider Type | Service Type |
|---|---|---|---|
Counsel | |||
Service Provider | ||
|---|---|---|
Associated Rounds | ||
Provider Type | Counsel | |
Service Type |
Partnership data by VentureSource
Propel Venture Partners Team
7 Team Members
Propel Venture Partners has 7 team members, including , .
Name | Work History | Title | Status |
|---|---|---|---|
Tom Whiteaker | IBM Ventures, BBVA, The Hartford, and Visa | Founder | Current |
Name | Tom Whiteaker | ||||
|---|---|---|---|---|---|
Work History | IBM Ventures, BBVA, The Hartford, and Visa | ||||
Title | Founder | ||||
Status | Current |
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