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Venture Capital
sting.co/en/propel-capital

Investments

90

Portfolio Exits

7

Funds

3

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.

Headquarters Location

Drottning Kristinas väg 53

Stockholm,

Sweden

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Propel Capital Investments

90 Investments

Propel Capital has made 90 investments. Their latest investment was in Momentus as part of their Seed VC on January 1, 2022.

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Propel Capital Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

1/24/2022

Seed VC

Momentus

$0.39M

Yes

1

9/14/2021

Seed VC

Johannas Stadsodlingar

$0.57M

Yes

Lars-Göran Ahlberger, Propel Capital, and Undisclosed Angel Investors

1

6/15/2021

Series A

Gigital

$0.6M

No

1

2/24/2021

Seed VC

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$99M

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10

12/17/2020

Seed VC

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$99M

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10

Date

1/24/2022

9/14/2021

6/15/2021

2/24/2021

12/17/2020

Round

Seed VC

Seed VC

Series A

Seed VC

Seed VC

Company

Momentus

Johannas Stadsodlingar

Gigital

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Amount

$0.39M

$0.57M

$0.6M

$99M

$99M

New?

Yes

Yes

No

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Co-Investors

Lars-Göran Ahlberger, Propel Capital, and Undisclosed Angel Investors

Sources

1

1

1

10

10

Propel Capital Portfolio Exits

7 Portfolio Exits

Propel Capital has 7 portfolio exits. Their latest portfolio exit was Cling on November 01, 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

11/1/2022

Corporate Majority

$99M

1

3/7/2022

Acquired

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$99M

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10

2/11/2022

IPO

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$99M

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10

9/30/2021

Acquired

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$99M

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10

12/20/2019

Acquired

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$99M

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10

Date

11/1/2022

3/7/2022

2/11/2022

9/30/2021

12/20/2019

Exit

Corporate Majority

Acquired

IPO

Acquired

Acquired

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

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Sources

1

10

10

10

10

Propel Capital Fund History

3 Fund Histories

Propel Capital has 3 funds, including Propel Capital VI.

Closing Date

Fund

Fund Type

Status

Amount

Sources

8/9/2022

Propel Capital VI

$2.94M

2

4/28/2020

Propel Capital IV

$99M

10

9/25/2019

Propel Capital V

$99M

10

Closing Date

8/9/2022

4/28/2020

9/25/2019

Fund

Propel Capital VI

Propel Capital IV

Propel Capital V

Fund Type

Status

Amount

$2.94M

$99M

$99M

Sources

2

10

10

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