Valuation
$42M
2024 Revenue
$25M
Funding
$48.2M
YOY
73.6%
Team
130
Founded
2015
How Propel CEO Ross Meyercord grew to $25M revenue with a 130 person team in 2024.
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). The company's platform allows businesses to manage the entire lifecycle of their products, from conception to end-of-life. Propel's software is designed to help businesses streamline their operations, improve collaboration between teams, and accelerate product development.
Last updated
Propel Revenue
In 2024, Propel's revenue reached $25M. The company previously reported $21.1M in 2024. Since its launch in 2015, Propel has shown consistent revenue growth.
| Year | Milestone | Quote |
|---|---|---|
| 2024 | Propel Hit $25m revenue in November 2024 | |
| 2024 | Propel Hit $21.1m revenue in October 2024 | |
| 2023 | Propel Hit $14.4m revenue in December 2023 | |
| 2020 | Propel Hit $4.5m revenue in August 2020 | |
| 2015 | Launched with $0 revenue |
Propel Valuation, Funding Rounds
Propel reached a $42M valuation in 2018, set during its Series B round.
Propel has raised $48.2M in total funding across 4 rounds, most recently a $20M Series C round in 2021.
| Year | Round | Amount | Valuation | % Sold | Quote |
|---|---|---|---|---|---|
| 2021 | Series C | $20M | - | - | |
| 2018 | Series B | $18M | $42M | 43% | |
| 2017 | Venture Round | $6M | - | - | |
| 2016 | Series A | $4.2M | - | - |
Founder / CEO
Q&A
| Question | Answer |
|---|---|
| What's your age? | - |
| Favorite online tool? | - |
| Favorite book? | - |
| Favorite CEO? | - |
| Advice for 20 year old self | - |
Customers
We do not have customer count information for Propel yet.
Propel Employees & Team Size
Propel employs approximately 130 people as of 2026, up from 125 in 2023, including 14 sales reps that carry a quota.
| Year | Milestone |
|---|---|
| 2024 | Reached 130 employees (December 2024) |
| 2024 | Reached 125 employees (October 2024) |
| 2023 | Reached 125 employees (December 2023) |
| 2023 | Reached 125 employees (July 2023) |
| 2022 | Reached 126 employees (December 2022) |
| 2021 | Reached 104 employees (December 2021) |
| 2021 | Reached 111 employees (September 2021) |
| 2020 | Reached 51 employees (August 2020) |
Frequently Asked Questions about Propel
What is Propel's revenue?
Propel generates $25M in revenue.
Who is the CEO of Propel?
The CEO of Propel is Ross Meyercord.
How much funding does Propel have?
Propel raised $48.2M.
How many employees does Propel have?
Propel has 130 employees.
Where is Propel headquarters?
Propel is headquartered in Santa Clara, California, United States.
Compare Propel to the industry
Propel operates across multiple industries. Browse revenue, funding, and growth data for Propel in each sector below.
Data and Sources
All figures on this page are taken directly from interviews or are estimates from public sources and proprietary models. Not financial advice. Read full disclaimer.
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