Participated · Equity · Jul 2020

Propel(x) operates an online investment platform that helps investors source, evaluate and fund pioneering science and technology startups. The platform seeks to make early investments in technology companies available to a wide spectrum of accredited investors worldwide. Propel(x) highlights deep-technology sectors including clean energy, drugs, space exploration, and advanced materials. The company was founded by CEO Swati Chaturvedi and Lisheng Wang, MIT classmates, and is based in San Mateo, Calif. In Q1 2020 Propel(x) closed a financing that raised just above $5.5 million, including all converting notes. Proceeds will be used to build new platform features to help investors make informed decisions, grow operations, and expand marketing. Propel(x) operates an online investment platform that connects technology startups in life sciences, energy, cleantech, computer sciences, materials and chemicals with accredited investors under Rule 501 of Regulation D. The company offers a marketplace and supporting technology to facilitate introductions and investments between founders and accredited backers. Propel(x) was founded in 2013 by CEO Swati Chaturvedi and Lisheng Wang and is based in Redwood City, California. The company raised $1.5M in seed funding to support its growth. Propel(x) intends to use the proceeds to further develop its technology, build a community of experts, grow its investor base and secure key partnerships. No operating metrics (revenue/users) were disclosed in the article.