Tech Company Financing Transactions

Propel Funding Round

Propel secured a $4 million financing round on 5/1/2017. Investors included Andreessen Horowitz, private investors and Omidyar Network.

Transaction Overview

Company Name
Announced On
5/1/2017
Transaction Type
Venture Equity
Amount
$4,000,000
Round
Undisclosed
Investors

Andreessen Horowitz

Private Investors (Jay Borenstein)

Private Investors (Kevin Durant)

Private Investors (Max Levchin)

Omidyar Network

Proceeds Purpose
Proceeds purposes were not disclosed.

Company Information

Company Status
Private & Independent
Industry
FinTech
Mailing Address
397 Bridge St. 8th Floor
Brooklyn, NY 11201
USA
Phone
Undisclosed
Email Address
Overview
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.
Profile
Propel LinkedIn Company Profile
Social Media
Propel Company Twitter Account
Company News
Propel News
Facebook
Propel on Facebook
YouTube
Propel on YouTube

Management Team

Title
Name
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


 

 

Browse more venture capital transactions:

Prev: 5/1/2017: Ambient Clinical Analytics venture capital transaction
Next: 5/2/2017: Prefer venture capital transaction

 

Share this article

 


Where The Data Comes From

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 VentureDeal.com, an affiliated venture.

 


Additional Resources for Entrepreneurs

Lists of Venture Capital and Private Equity Firms

Franchise Opportunities

Contributors

Business Glossary