Propel Venture Partners

Propel Venture Partners

Propel Venture Partners is a venture capital firm focused on opportunities at the intersection of technology and finance.

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

Company
Description
Industry
Website
Location
Coinbase

Coinbase is a digital asset exchange company headquartered in San Francisco, California. It operates exchanges of Bitcoin, Bitcoin Cash, Ethereum, and Litecoin.

Groww is a financial services company founded by Lalit Keshre.

An insurance technology company offering a platform for helping companies migrate their group health insurance plans to individual employee health insurance plans.

Statement by which to determine a course of action

ChargeAfter offers e-commerce and lenders point of sale financing solutions.

Drum is an Atlanta-based company.

SteadyApp is an Atlanta-based company.

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Associated investment funds

Investment Fund
Total offering (USD)
Total sold (USD)
Location
Date signed
Propel Venture Partners US Fund I, L.P.
150,000,000
150,000,000
March 1, 2016
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People

Name
Role
LinkedIn

Jay Reinemann

Partner

Further reading

Title
Author
Link
Type
Date

BBVA New Digital Businesses | Propel Venture Partners

Web

Documentaries, videos and podcasts

Title
Date
Link

Companies

Company
CEO
Location
Products/Services

References

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