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Propel(X)

North America, California, United States, San Francisco

Description

Propel(X) is a pioneering online investment platform based in San Francisco, dedicated to funding early-stage companies rooted in scientific discovery and deep technology. It plays a crucial role in connecting accredited investors with groundbreaking startups across diverse sectors, including biotech, advanced materials, artificial intelligence, robotics, space, and clean energy. The platform's mission is to democratize access to venture capital for these capital-intensive, high-potential deep tech ventures.

Propel(X) operates as an angel investing platform, distinguishing itself from traditional venture capital funds. This unique model allows individual accredited investors to participate in funding rounds that might otherwise be inaccessible, leveraging collective capital to provide crucial early-stage funding for startups. The platform's curated deal flow and rigorous due diligence process ensure that investors are presented with thoroughly vetted opportunities, enhancing the quality of potential investments.

Since its inception, Propel(X) has demonstrated significant impact on the deep tech ecosystem. The platform has successfully helped over 100 deep tech startups raise more than $100 million in aggregate funding, showcasing its substantial contribution to nurturing innovation in complex scientific and engineering fields. This aggregated funding comes from a broad base of individual investors.

For individual investors, Propel(X) makes deep tech investing more accessible by allowing participation with relatively modest amounts. Individual investments on the platform typically start from as little as $5,000, enabling a wider range of accredited angels to support cutting-edge scientific and technological advancements.

Investor Profile

Propel(X) has backed more than 66 startups, with 1 new investments in the last 12 months alone. The firm has led 2 rounds, about 3% of its total and boasts 7 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Seed, Series A, Series B rounds (top funding stages).
  • Majority of deals are located in United States, Canada, Singapore.
  • Strong thematic focus on Health Care, Software, Biotechnology.
  • Typical check size: $5K – $100K.

Stage Focus

  • Seed (56%)
  • Series A (14%)
  • Series B (12%)
  • Series Unknown (8%)
  • Convertible Note (3%)
  • Private Equity (2%)
  • Series E (2%)
  • Undisclosed (2%)
  • Pre Seed (2%)
  • Corporate Round (2%)

Country Focus

  • United States (92%)
  • Canada (6%)
  • Singapore (2%)

Industry Focus

  • Health Care
  • Software
  • Biotechnology
  • Manufacturing
  • Medical Device
  • Artificial Intelligence (Ai)
  • Medical
  • Sensor
  • Information Technology
  • Machine Learning
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does Propel(X) frequently co-invest with?

ConSensys Ventures
North America, New York, United States, New York
Co-Investments: 2
China Canada Angel Alliance
North America, Ontario, Canada, Toronto
Co-Investments: 3
Sure Ventures
North America, California, United States, Mountain View
Co-Investments: 2
Golden Triangle Angel Network
North America, Ontario, Canada, Cambridge
Co-Investments: 3
Breakout Labs
North America, California, United States, San Francisco
Co-Investments: 2
Keiretsu Forum
North America, California, United States, Orinda
Co-Investments: 3
Newton Fund
North America, California, United States, San Francisco
Co-Investments: 19
Heuristic Capital
North America, California, United States, Santa Clara
Co-Investments: 4
Invus Opportunities
North America, New York, United States, New York
Co-Investments: 2
Alumni Ventures
North America, New Hampshire, United States, Manchester
Co-Investments: 2

Which angels does Propel(X) often collaborate with?

WG
North America, California, United States, San Francisco
Shared Deals: 1
GP
North America, California, United States, San Francisco
Shared Deals: 1
JS
North America, California, United States, San Francisco
Shared Deals: 1
DG
North America, Michigan, United States, East Lansing
Shared Deals: 1
David Bell
North America, New York, United States, New York
Shared Deals: 1
MG
North America, California, United States, San Francisco
Shared Deals: 1
Allen Miner
Asia, Tokyo, Japan, Tokyo
Shared Deals: 1
RC
North America, California, United States, Redwood City
Shared Deals: 1
CS
North America, Washington, United States, Kirkland
Shared Deals: 2
HT
North America, California, United States, San Jose
Shared Deals: 1

What are some of recent deals done by Propel(X)?

AMPRION

San Francisco, California, United States

Amprion is a biotech company that focuses on the diagnosis for brain diseases.

BiotechnologyHealth CareMedical Device
Series BSep 25, 2024
Amount Raised: $6,000,000
Motion Gestures

Kitchener, Ontario, Canada

Motion Gestures is a Canadian machine learning startup specializing in gesture recognition software.

Cloud ComputingComputerMachine LearningSensorSoftware
SeedJun 11, 2024
Amount Raised: $2,000,000
Nextnet

San Francisco, California, United States

Nextnet is a Silicon Valley Venture-backed Generative AI technology startup.

Artificial Intelligence (AI)BiotechnologyGenerative AIPharmaceutical
SeedMay 31, 2023
Amount Raised: $1,300,000
TaskHuman

Palo Alto, California, United States

TaskHuman is a real-time digital coaching platform that offers 1-on-1 interactive sessions with live wellness coaches through video calls.

AppsFitnessHealth CareWellness
Series BJun 21, 2022
Amount Raised: $20,000,000
BlockApps

Brooklyn, New York, United States

BlockApps is a blockchain as a service company that develops enterprise blockchain platforms.

BlockchainCryptocurrencyDeveloper APIsDeveloper PlatformEnterprise
Series BApr 19, 2022
Amount Raised: $41,000,000
Serinus Labs

Berkeley, California, United States

Serinus Labs is a manufacturer of chip-scale silicon gas sensors for ultra-low-power applications.

ManufacturingSemiconductorSensor
SeedDec 1, 2021
Connect Homes

Los Angeles, California, United States

Connect Homes is a modern, smart, prefab home builder that makes modern living more accessible.

ArchitectureConstructionHome ServicesResidential
Series UnknownSep 15, 2021
Varo Bank

San Francisco, California, United States

Varo is a digital bank that offers innovative, premium banking services wrapped in inclusive design.

AppsBankingFinancial ServicesFinTech
Series ESep 9, 2021
Amount Raised: $510,000,000
TrueAlgae

Chantilly, Virginia, United States

TrueAlgae is a biotechnology company.

AgTechBiotechnology
SeedAug 20, 2021
Amount Raised: $1,389,500
Hayden AI

San Francisco, California, United States

Hayden AI is an AI platform offering geospatial analytics, transit management, and technology services.

AnalyticsArtificial Intelligence (AI)Big DataComputer VisionGeospatialGovTechMachine Learning
Series AAug 19, 2021
Amount Raised: $20,000,000