Founded in 2016, Propel Venture Partners is a venture capital investment firm that is based in San Francisco, California. The firm prefers to invest in Series A round with companies focusing on financial services and technology sectors.
Propel Venture Partners was started in 2016 when Spanish bank BBVA closed its in-house venture arm, BBVA Ventures. The BBVA Ventures portfolio and $250 million in funding where put into Propel Venture Partners. BBVA is a limited partner in Propel Venture Partners, who maintain their independence otherwise. Their investments focus on payments, credit, insurance, wealth management, e-commerce, security and compliance.
Propel Venture Partners also manages two investment vehicles on behalf of BBVA.
Timeline
Funded Companies
Coinbase is a digital asset exchange company headquartered in San Francisco, California. It operates exchanges of Bitcoin, Bitcoin Cash, Ethereum, and Litecoin.
Prosper is an online peer-to-peer lending marketplace connecting people who want to borrow money with individuals and institutions who want to lend money.
Kasisto is a company that develops conversational AI.
Groww is a financial services company founded by Lalit Keshre.
A technology company offering an online platform for benefits and human resources.
An insurance technology company offering a platform for helping companies migrate their group health insurance plans to individual employee health insurance plans.
Company
Hippo is a homeowners insurance company that's available in 16 states (as of July 2019).
A mobile platform for improving elderly care.
Artificial Intelligence company
Artificial Intelligence / Machine Learning company
Charlie is a San Francisco-based company.
Statement by which to determine a course of action
ChargeAfter offers e-commerce and lenders point of sale financing solutions.
TrustLayer is a San Francisco-based company.
TravelBank is a San Francisco-based company.
Associated investment funds
People
Jay Reinemann
Partner
Further reading
BBVA New Digital Businesses | Propel Venture Partners
Web
