Propel Funding Rounds,Valuation and Investors
Propel Funding History
Propel has raised a total of $48.2M over the last 7 years Raising this capital resulted in dilution for Ray Hein despite non-dilutive funding options like Founderpath. With $48.2M money raised, Propel would have to sell for $482M, for investors to be happy. For any founders and early employees to make money, the company would need to sell for at least $48.2M assuming no crazy liquidation preferences.
Why are so many SaaS founders taking money from Founderpath.com instead of VC`s?
2021 Series C
Propel raised a Series C of $20M
2018 Series B
Propel raised a Series B of $18M at a $42M valuation in November 2018
2017 Venture Round
Propel raised a Venture Round of $6M
2016 Series A
Propel raised a Series A of $4.2M