Propelrevenue, valuation & funding
PLM SoftwareSanta Clara, CaliforniaFounded 2015
Propel Software Corporation is a technology company headquartered in Santa Clara, California. It was founded in 2015 and specializes in developing software solutions for product lifecycle management (PLM).
Propel revenue
Propel has not published its revenue. RocketReach puts it at about $25M a year (November 2024).
All 4 revenue readings, with sources
| As of | Revenue | Source |
|---|---|---|
| Aug 2020 | $4.5M | – |
| Dec 2023 | $14.4MEST | GetLatka estimate |
| Oct 2024 | $21.1MEST | GetLatka estimate |
| Nov 2024 | $25MEST | RocketReach estimate |
– source not recorded
Propel valuation
Propel is privately held, so there is no Propel stock to buy. Investors valued it at $42M in its November 2018 Series B.
Propel funding rounds & investors
Propel has raised $48.2M across four rounds since 2016. The latest was a $20M Series C in September 2021.
| Date | Round | Raised | Valuation |
|---|---|---|---|
| Sep 2021 | Series C | $20M | – |
| Nov 2018 | Series B | $18M | $42M |
| Oct 2017 | Venture | $6M | – |
| Mar 2016 | Series A | $4.2M | – |
| Total raised | $48.2M |
Propel employees
Propel had 130 employees (December 2024, LinkedIn).
BoardZak Kokosa, Ross Meyercord, Jared Smith, Alexa Vignone, Kirsten Allegri Williams, Bob Spinner, Sean Jacobsohn, Matt Holleran
All 8 headcount readings, with sources
| As of | Employees | Source |
|---|---|---|
| Dec 2024 | 130 | |
| Oct 2024 | 125 | |
| Dec 2023 | 125 | |
| Jul 2023 | 125 | – |
| Dec 2022 | 126 | |
| Dec 2021 | 104 | |
| Sep 2021 | 111 | – |
| Aug 2020 | 51 | – |
Propel FAQ
What is Propel's revenue?
RocketReach estimates Propel's revenue at about $25M a year (November 2024). The company hasn't published its own figure.
What is Propel's valuation?
Investors valued Propel at $42M in its November 2018 Series B.
How much funding has Propel raised?
Propel has raised $48.2M across four funding rounds. The latest was a $20M Series C in September 2021.
Is Propel publicly traded?
No. Propel is a private company, so its shares aren't traded on a stock exchange.
How many employees does Propel have?
Propel had 130 employees in December 2024, according to LinkedIn.
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How this page is sourced
5 from public sources · 3 estimates. Founder figures link to the second they were said; public figures name their source; estimates are marked EST and say whose they are. Not financial advice.
Updated Oct 30, 2026Data disclaimerReport a correctionClaim this profileRun Propel? Join the podcast