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Investments

59

Portfolio Exits

8

Funds

4

Service Providers

2

About Propel Venture Partners

Propel Venture Partners, formerly BBVA Ventures, is an independent venture capital firm focused on opportunities at the intersection of technology and finance.

Propel Venture Partners Headquarter Location

201 Mission Street

San Francisco, California, 94105,

United States

415-500-4630

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Latest Propel Venture Partners News

TrustLayer Raises $15.1M in Series A Funding

Aug 18, 2021

TrustLayer , a San Francisco, CA-based collaborative risk management platform, closed a $15.1m Series A funding round. The round was led by Craft Ventures with participation from returning investors Abstract Ventures, Box Group, Propel Venture Partners, NFP Ventures, Sure Ventures, and new investor PruVen Capital. As part of the funding round, Brian Murray, Partner and COO at Craft Ventures, will join TrustLayer’s Board of Directors. Led by John Fohr, CEO, TrustLayer provides an AI-powered collaborative risk management platform working to digitize the manual, and paper-based process of insurance verification. The system uses robotic process automation (RPA) and AI to automate the process of verifying the insurance and licenses of their vendors, suppliers, borrowers, and tenants. The solution serves players in supplier-driven sectors such as construction, banking, property management, and sports entertainment. The company intends to use the funds to expand operations, hiring top talent across its sales, marketing, and engineering teams, and develop its live digital proof of coverage solution, and integrations with many insurance carrier systems of record, building upon pilots with major carriers such as Liberty Mutual, and Nationwide. FinSMEs 18/08/2021

Propel Venture Partners Investments

59 Investments

Propel Venture Partners has made 59 investments. Their latest investment was in Azos as part of their Series A on November 11, 2021.

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Propel Venture Partners Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

11/30/2021

Series A

Azos

$10M

Yes

7

10/24/2021

Series E

Groww

$251M

No

16

8/18/2021

Series A

TrustLayer

$15.1M

No

10

7/28/2021

Series A

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$99M

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10

6/16/2021

Series E

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$99M

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10

Date

11/30/2021

10/24/2021

8/18/2021

7/28/2021

6/16/2021

Round

Series A

Series E

Series A

Series A

Series E

Company

Azos

Groww

TrustLayer

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Amount

$10M

$251M

$15.1M

$99M

$99M

New?

Yes

No

No

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Co-Investors

Sources

7

16

10

10

10

Propel Venture Partners Portfolio Exits

8 Portfolio Exits

Propel Venture Partners has 8 portfolio exits. Their latest portfolio exit was TravelBank on November 16, 2021.

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

11/16/2021

Acquired

$99M

2

7/27/2021

Acquired

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10

7/12/2021

Acquired

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10

4/14/2021

IPO

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$99M

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10

3/4/2021

Reverse Merger

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$99M

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10

Date

11/16/2021

7/27/2021

7/12/2021

4/14/2021

3/4/2021

Exit

Acquired

Acquired

Acquired

IPO

Reverse Merger

Companies

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Valuation

$99M

$99M

$99M

Acquirer

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Sources

2

10

10

10

10

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

$99M

10

3/1/2012

BBVA Ventures I

$99M

10

BBVA Ventures Fund

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10

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

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Status

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Amount

$58.59M

$99M

$99M

Sources

1

10

10

10

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

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Service Provider

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Associated Rounds

Provider Type

Counsel

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Service Type

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Partnership data by VentureSource

Propel Venture Partners Team

4 Team Members

Propel Venture Partners has 4 team members, including current General Partner, Ryan Gilbert.

Name

Work History

Title

Status

Ryan Gilbert

General Partner

Current

Ryan Gilbert

General Partner

Current

Jay Reinemann

General Partner

Current

Rohit Bodas

American Express Ventures, and Motorola

General Partner

Former

Name

Ryan Gilbert

Ryan Gilbert

Jay Reinemann

Rohit Bodas

Work History

American Express Ventures, and Motorola

Title

General Partner

General Partner

General Partner

General Partner

Status

Current

Current

Current

Former

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