Propel Venture Partners Closes $100M Fund V to Expand its Global Investments in Technologies Transforming the Financial Services Ecosystem
Propel Venture Partners, a seed-stage venture firm investing in the infrastructure, enablers and adjacencies that power tomorrow’s economy, today announced it has raised a $100 million Fund V, bringing the firm’s total commitments to over $436 million. Co-led by Jay Reinemann and David Mort, who together bring investing and operating experience from BBVA, Silicon Valley Bank and Visa, Propel supports founders at the earliest stages, with an investment strategy built on active involvement and a concentrated portfolio. With Fund V, the firm will further scale its approach to investing in areas where technology and financial services converge, as well as in horizontal technologies that incumbents cannot ignore.
