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Propel Venture Partners is a venture capital firm that invests in early-stage technology and finance companies. The firm focuses on identifying and supporting innovative businesses actively shaping the new economy. It provides essential capital and strategic guidance, particularly emphasizing foundational technological advancements in financial services.
Jay Reinemann, David Mort, and Ryan Gilbert founded the firm in 2016. Propel originated as a spin-out from BBVA's corporate venture program, leveraging the founders' significant prior experience from institutions like Visa, BBVA, and Silicon Valley Bank. This pedigree informs their deep understanding of emerging opportunities in financial technology.
The firm partners with founders and early-stage startups developing solutions for the evolving economic landscape. Propel Venture Partners envisions itself as a key enabler of disruptive innovation, empowering portfolio companies to achieve market leadership. Its mission is to support the creation of the next generation of industry leaders.
Propulsion Ventures SEC has 3 tracked investments across 1 company. The latest tracked deal is $35.0M Series D in Coveo in November 2015.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Nov 5, 2015 | Coveo | $35.0M Series D | Pierre Gabriel Côté | Louis Tetu, BDC Capital, Tandem Expansion Fund |
| Dec 10, 2012 | Coveo | $18.0M Other Equity | Andr Gauthier | BDC Capital |
| Dec 1, 2009 | Coveo | $8.0M Series B | BDC Venture Capital | Louis Tetu |
