Tech Company Financing Transactions
Propeller Bonds Funding Round
On 1/10/2023, Propeller Bonds secured $6.4 million in Seed funding from private investors.
Transaction Overview
Company Name
Announced On
1/10/2023
Transaction Type
Venture Equity
Amount
$6,400,000
Round
Seed
Investors
Proceeds Purpose
. This round of funding will enable the company to accelerate growth and further its mission of transforming the surety industry. The company will use the funds to invest in people, finish its development roadmap, expand its product base, and drastically increase marketing and sales efforts to add agents to the Propeller ecosystem.
Company Information
Company Status
Private & Independent
Industry
InsureTech
Mailing Address
2339 Commerce St 110
Houston, TX 77002
USA
Houston, TX 77002
USA
Phone
Website
Email Address
Overview
Propeller is an InsurTech company that operates as an MGA, currently focused on the $6B surety and fidelity bond market. We utilize a proprietary surety platform with the ability to instantly underwrite and issue surety bonds, creating efficiencies for all members of the value chain (carriers, agents, customers, and obligees).
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Aaron Steffey
Co-Founder
Chris Kolger
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