Diligence memo · auto-generated · as of July 2, 2026
Propel, Inc.
Propel, Inc. has raised $76M over 4 rounds; too few niche peers to rank its valuation yet.
Businessfiled
Propel, Inc. operates in Investment Vehicle, based in BROOKLYN. Propel, an African tech startup headquartered in Berlin, has successfully raised €2.5 million in seed funding to expand its platform and accelerate the growth of tech communities. The round was led by the esteemed Dutch venture capital firm No Such Ventures, with additional contributions from APX (a
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Propel, Inc. has raised $76M in disclosed capital across 4 recorded rounds, aggregated from public filings. Its latest round is modeled as Series C (a $40M–$100M round).
Largest single filing: $56M on 2022-02-22.
Most recent recorded round closed around 2023-07-17.
Valuation (modeled)modeled
Provath models Propel, Inc. at approximately $25M (range $10M–$44M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Too few comparable companies in this niche to rank the valuation fairly yet.
Financing rhythm & timingmixed
Historic cadence: a new round about every 25 months.
The last round was 20.6× smaller than the prior — a bridge or down round.
Comparablesmixed
Capital scale ranks ahead of 94% of Investment Vehicle peers (1793 compared).
Modeled value ranks above 51% of those peers.
Peoplefiled
5 named people on file across officers, directors and signatories.
Risks & flagsmixed
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.