Tech Company Financing Transactions

Propel Funding Round

Propel, based in Brooklyn, secured $50 million from Andreessen Horowitz, JPMorgan Chase Bank and Nyca Partners.

Transaction Overview

Company Name
Announced On
Transaction Type
Venture Equity
Series B
Proceeds Purpose
Series B funding will go towards further developing and expanding this debit card service, which provides another source of income for the start up through interchange fees.

Company Information

Company Status
Private & Independent
Mailing Address
397 Bridge St. 8th Floor
Brooklyn, NY 11201
Email Address
Propel builds software that makes America's safety net more user-friendly. Its core product, Fresh EBT, is a free smartphone app that allows EBT cardholders to manage their benefits, plan their grocery shopping, and save money on food.
Propel LinkedIn Company Profile
Social Media
Propel Company Twitter Account
Company News
Propel News
Propel on Facebook
Propel on YouTube

Management Team

Email & Social
Chief Executive Officer
Jimmy Chen
  Jimmy Chen LinkedIn Profile  Jimmy Chen Twitter Account  Jimmy Chen News  Jimmy Chen on Facebook
Chief Operating Officer
Jeff Kaiser
  Jeff Kaiser LinkedIn Profile  Jeff Kaiser Twitter Account  Jeff Kaiser News  Jeff Kaiser on Facebook
Chief Technical Officer
Ram Mehta
  Ram Mehta LinkedIn Profile  Ram Mehta Twitter Account  Ram Mehta News  Ram Mehta on Facebook
VP - Bus. Development
Hannah Ma
  Hannah Ma LinkedIn Profile  Hannah Ma Twitter Account  Hannah Ma News  Hannah Ma on Facebook



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Next: 3/8/2022: Vivante Health venture capital transaction


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We do our best to report on every notable VC transaction. VC investment data records on this site are sourced from news reports and company announcements. The data comes to us via our partnership with, an affiliated venture.


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