Tech Company Financing Transactions
Propel Funding Round
Propel closed a $2.8 million Seed funding round on 7/10/2023. Investors included No Such Ventures, APX and Future of Learning Fund.
Transaction Overview
Company Name
Announced On
7/10/2023
Transaction Type
Venture Equity
Amount
$2,750,000
Round
Seed
Investors
Proceeds Purpose
Funds will enable the scaling of the platform and its offerings.
Company Information
Company Status
Private & Independent
Industry
FinTech
Mailing Address
397 Bridge St. 8th Floor
Brooklyn, NY 11201
USA
Brooklyn, NY 11201
USA
Phone
Undisclosed
Website
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
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Jimmy Chen
Chief Operating Officer
Jeff Kaiser
Chief Technical Officer
Ram Mehta
VP - Bus. Development
Hannah Ma
Browse more venture capital transactions:
Prev: 7/10/2023: SpyGlass Pharma venture capital transaction
Next: 7/10/2023: Pano AI 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