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Venture Capital
sting.co/en/propel-capital

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Investments

79

Portfolio Exits

4

Funds

2

About Propel Capital

Propel Capital is an investment company established in 2014 by the Swedish business accelerator STING - Stockholm Innovation & Growth. Each company that is accepted to STING's accelerator program STING Accelerate automatically receives an investment of SEK 300,000 from Propel Capital. The venture capital comes from 18 reputable Swedish business angels who have come together to invest in internet/media startups.

Propel Capital Headquarter Location

Drottning Kristinas väg 53

Stockholm,

Sweden

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Latest Propel Capital News

This all-female founded startup bridges gender divide in coding with its wearable device; raises €250K

Feb 24, 2021

Pre-seed to proceed with its mission According to imagiLabs, various angel investors participated in this round including Eros Resmini, Founder & Managing Partner at The Mini Fund and the former CMO of messaging platform Discord; David Baszucki, CEO of gaming giant Roblox; members of Atomico’s Angel Program; and Propel Capital, the investment arm of Stockholm’s leading tech incubator Sting. Please leave this field empty Want to stay on top of the latest rounds, coolest tech and hottest startups? Subscribe to our free, daily news blast and stay up-to-date! Check your inbox or spam folder to confirm your subscription.

Propel Capital Investments

79 Investments

Propel Capital has made 79 investments. Their latest investment was in Johannas Stadsodlingar as part of their Seed VC on September 9, 2021.

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Propel Capital Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

9/14/2021

Seed VC

Johannas Stadsodlingar

$0.57M

Yes

Lars-Göran Ahlberger, and Undisclosed Angel Investors

1

6/15/2021

Series A

Gigital

$0.6M

No

1

2/24/2021

Seed VC

imagiLabs

$0.3M

No

David Baszucki, Eros Resmini, and Undisclosed Angel Investors

1

12/17/2020

Seed VC

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$99M

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10

2/19/2020

Incubator/Accelerator

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$99M

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10

Date

9/14/2021

6/15/2021

2/24/2021

12/17/2020

2/19/2020

Round

Seed VC

Series A

Seed VC

Seed VC

Incubator/Accelerator

Company

Johannas Stadsodlingar

Gigital

imagiLabs

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Amount

$0.57M

$0.6M

$0.3M

$99M

$99M

New?

Yes

No

No

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Co-Investors

Lars-Göran Ahlberger, and Undisclosed Angel Investors

David Baszucki, Eros Resmini, and Undisclosed Angel Investors

Sources

1

1

1

10

10

Propel Capital Portfolio Exits

4 Portfolio Exits

Propel Capital has 4 portfolio exits. Their latest portfolio exit was Match2One on September 30, 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

9/30/2021

Acquired

1

00/00/0000

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10

00/00/0000

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10

00/00/0000

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10

Date

9/30/2021

00/00/0000

00/00/0000

00/00/0000

Exit

Acquired

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Companies

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Valuation

Acquirer

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Sources

1

10

10

10

Propel Capital Fund History

2 Fund Histories

Propel Capital has 2 funds, including Propel Capital IV.

Closing Date

Fund

Fund Type

Status

Amount

Sources

4/28/2020

Propel Capital IV

$2.24M

3

9/25/2019

Propel Capital V

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$99M

10

Closing Date

4/28/2020

9/25/2019

Fund

Propel Capital IV

Propel Capital V

Fund Type

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Status

Amount

$2.24M

$99M

Sources

3

10

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