Propel Venture Partners Closes Fifth Fund at $100 Million

Propel Venture Partners has successfully closed its fifth fund at a total of $100 million. The venture capital firm specializes in investing in technology startups and has a strong track record of supporting innovative companies in the UK and Europe. With this latest fund, Propel Venture Partners aims to further bolster its investment portfolio and continue supporting promising tech startups in the region.

Propel Venture Partners, a seed-stage venture firm specializing in technology startups, has successfully closed its fifth fund at a total of $100 million. This latest fund, Fund V, brings the firm's total commitments to over $436 million. The venture capital firm, co-led by Jay Reinemann and David Mort, supports founders at the earliest stages with an investment strategy built on active involvement and a concentrated portfolio.

Propel Venture Partners focuses on investing in areas where technology and financial services converge, as well as in horizontal technologies that incumbents cannot ignore. The firm has a strong track record of supporting innovative companies in the UK and Europe. With Fund V, Propel aims to further bolster its investment portfolio and continue supporting promising tech startups in the region.

Since its founding in 2016, Propel has backed 62 companies across various sectors, including modern banking and wealth platforms, crypto infrastructure and brokerages, and enterprise SaaS serving the Fortune 500. The firm has invested in pre-seed and seed rounds, writing primarily $1-4 million checks. Notable investments include Coinbase, Docusign, Groww, and Guideline, with 10 companies generating more than $100 million in annual revenue.

Propel's global reach extends to 8 countries, with companies headquartered in Brazil, Colombia, Israel, and India, among others. The firm has invested $98 million across 13 companies in Latin America, with a particular focus on São Paulo. "The disequilibrium between financial services incumbents’ technology needs and their ability to quickly innovate creates ample opportunities for startups, no matter the economic climate," said founder and General Partner Jay Reinemann. "Propel helps execution-focused founders build enduring businesses that rethink how financial value is created, moved and secured."

To date, Propel's Fund V has made five new investments across emerging sectors, including AI-native companies for financial planning and analysis, payment processing infrastructure, and energy infrastructure. The firm's smaller fund size allows it to invest early, be aligned with founders, and take appropriate product risk at the earliest stages of investing.

For more information on Propel Venture Partners, or to view its open investment team positions or submit a pitch deck, visit www.propel.vc.

References:
[1] https://www.silicon.co.uk/press-release/propel-venture-partners-closes-100m-fund-v-to-expand-its-global-investments-in-technologies-transforming-the-financial-services-ecosystem
[2] https://www.morningstar.com/news/business-wire/20250710777747/propel-venture-partners-closes-100m-fund-v-to-expand-its-global-investments-in-technologies-transforming-the-financial-services-ecosystem
[3] https://www.businesswire.com/news/home/20250710777747/en/Propel-Venture-Partners-Closes-%24100M-Fund-V-to-Expand-its-Global-Investments-in-Technologies-Transforming-the-Financial-Services-Ecosystem