VC firm
Propel Venture Partners
Also known as Propel, Propel Capital, Propel Venture Partners US, Propel Venture Partners US Fund I, L.P.
- Investor type
- VC
- Investing status
- Activeas of 2026-09-18Source (opens in a new tab)
- Headquarters
- San Francisco, California, United States
- Assets under management
- $704MForm ADV private fund GAV, as of 2026-04-30Source (opens in a new tab)
- Funds
- 7
- Check size
- $500K to $5MSource (opens in a new tab)
- Legal name
- Propel Venture Partners Management Co., LLC
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Record updated 29 September 2026
About
Propel Venture Partners is an early-stage venture capital firm backing the builders of the new economy. Money is central to how people and companies live, work, and interact with each other, and that relationship is changing. We back the entrepreneurs redefining it. Since 2016, we've invested in over 70 companies and raised over $436 million across five funds.
Investment approach
- Thesis
- Backing the builders of the new economy.Source (opens in a new tab)
- Leads rounds
- Sometimes
- Lead policy
- We can lead, co-lead, or meaningfully participate.
- Reserves policy
- Yes. We've invested in our top-performing companies across the full lifecycle, with total follow-on investments ranging from $10M to over $50M. We are comfortable with concentration risk, have exceeded 15% of funds into individual portfolio companies multiple times, and cross-fund invest when appropriate.
- Investing status notes
- We are currently investing out of our fifth fund, a $100M vehicle.
Funds
- Propel Venture Partners US Fund I, L.P.
- $150MVintage 2015, SPV, SEC amount sold
- PROPEL VENTURE PARTNERS BRAZIL US, LP
- Main fund
- PROPEL VENTURE PARTNERS GLOBAL US, LP
- Main fund
- PVP GUIDELINE, LLC
- Main fund
- PROPEL EXPLORER FUND I, LP
- Main fund
- PROPEL EXPLORER FUND II, LP
- Main fund
- PROPEL XYZ I, L.P.
- Main fund
SEC registration
- Registered adviser
- PROPEL VENTURE PARTNERS MANAGEMENT CO., LLC
- CRD number
- 283261 (opens in a new tab)
- SEC file number
- 801-124861
- Registration
- SEC registered
- Regulatory AUM
- $704Mas of 2026-04-30
- Private funds reported
- 7
- Principal office
- SAN CARLOS, CA, United States
- SEC CIK
- 1668270
Locations
- Headquarters
- San Francisco, California, United States
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