Propel (X) close new round of financing for Q1 2020, raises USD 5.5 Million

California: Propel(x), an online investment platform that helps investors source, evaluate and fund pioneering science and technology startups, today announced it closed a new round of financing in Q1 2020, which, including all converting notes, raised just above $5.5 million.

Investors in this round include Franklin Templeton, FreeS Venture Capital. Sky Saga Capital, ZhenFund, MIT Alumni Angels of Northern California, and several other family offices and individual angels.

“We are very pleased with the support from investors and their belief in the Propel(x) mission,” Swati Chaturvedi, CEO of Propel(x) said. “Private markets will become more accessible and transparent due to our platform, as we make early investment in technology startups available to ordinary accredited investors worldwide. As companies stay private longer, more people want to participate in a company’s early investment rounds and Propel(x) provides that opportunity for a wide spectrum of investors.”