Propel

Propel

Save Money. Improve Safety. Increase Retention.

Founded 2012

Pittsburgh, United States 10 employees Series B Total: $4.65M Enterprise Software, Insurance +3

Propel is an enterprise software startup based in the United States, founded in 2012. The company's slogan "Save Money. Improve Safety. Increase Retention." encapsulates its core mission of providing a software platform for risk management in fleets and commercial auto insurance. Propel's innovative approach leverages big data, proprietary probabilistic models, machine learning algorithms, and dynamic safety routing to deliver tangible results. Its commercial fleet customers have experienced a remarkable reduction in critical event rates by over 50%, a testament to the efficacy of Propel's solutions. In terms of funding, Propel secured a noteworthy $2.00M Series B investment on 13 January 2017, signaling investor confidence in the company's potential for growth and impact. Although specific information about the investors behind this round is not provided, this injection of capital speaks volumes about the promise Propel holds in the enterprise software, insurance, insurtech, logistics, and transportation sectors. Overall, Propel's commitment to leveraging technology to drive safety improvements and cost savings in commercial fleet operations and insurance aligns with the evolving needs of the industry. As a result, the company stands as a compelling option for venture capital consideration, poised to deliver both social impact and financial returns in the competitive landscape of insurtech and enterprise software startups.

Funding Stage	Amount	Investors	Lead Investors	Date
Series B	$2.00M	-		13 Jan 2017
Series A	$1.80M	1	Innovation Works	21 Feb 2014
Seed Round	$850.00K	1	Innovation Works	15 Feb 2013

Funding Stage

Amount

Investors

Lead Investors

Date

Series B

$2.00M

13 Jan 2017

Series A

$1.80M

Innovation Works

21 Feb 2014

Seed Round

$850.00K

Innovation Works

15 Feb 2013

FAQ About Propel

Save Money. Improve Safety. Increase Retention.

Propel was founded in 2012.

Propel is headquartered in Pittsburgh, United States.

Propel operates in Enterprise Software, Insurance, Insurtech, Logistics and Transportation. Its work centres on Commercial transportation, Risk management, Fleet management and Big data.

Propel has approximately 10 employees.

Propel has completed 3 funding rounds, raising a total of $4.65M. The latest funding stage is Series B.

Top alternatives and competitors to Propel include Gradient AI, Lytx, Inc., CLARA Analytics, SMAFLEET, MyRouteOnline Route Planner. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.

Propel and Gradient AI are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

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