Seed-stage venture firm Propel Venture Partners closed its $100M Fund V, bringing total capital under management to $436m. The new fund will invest in early-stage startups building the infrastructure and technologies that power the future of financial services, with a focus on Latin America.
Propel invests in sectors like fintech, crypto infrastructure, wealth platforms, and enterprise SaaS, with typical check sizes between $1M and $4M. Propel’s portfolio includes Coinbase, Groww, and Nomad Global.
Fund V has made five new investments in sectors like energy infrastructure, payment processing, and AI-powered financial planning.
“We help execution-focused founders rethink how financial value is created, moved, and secured. The disconnect between what financial incumbents need and how fast they can innovate opens massive opportunities,” said Jay Reinemann, General Partner at Propel.
Founded in 2016, Propel has backed 62 companies across 9 countries, including 13 in Latin America, where it has invested $98M.Read more on Business Wire.
