Founded in 2014, Propel Capital is an investment vehicle connected to Sting and has more than 170 companies in the portfolio.
Propel is an exclusive network and provides opportunities to make direct investments in portfolio companies before other investor groups. It also is an attractive platform for finding syndication partners and sharing experiences with other investors in Propel Capital.
Browse through the FAQs to gain insights and clarity on various topics related to our organization.
We will review your application after the application deadline has passed and get back to you within two weeks. Between 12-15 projects are accepted to each round.
Propel Capital’s investment converts in two parts: • 400 SEK converts with a 30% risk discount on the terms of your next qualified financing round, with a valuation cap of 20 million SEK. • 200 SEK converts on the same terms as the round, without a discount or cap. The number of shares is calculated based on the valuation and terms of the round at the time of conversion.
For full terms and conditions, please contact emanuel.andersson@sting.co. Read more for an overall summary of the terms:
Propel Capital invests via a convertible note that converts to ownership only when the company has raised at least SEK 1 million or more from external investors. This way, we avoid setting a valuation of the company too early.
The purpose of Propel Capital is to connect Sweden’s best angel investors with our startups. Via the investment, we activate our angel investors to make direct investments into the company – adding both capital and experience.
Sting doesn’t charge upfront fees. Instead, we use a success-fee model in the form of stock warrants. If your company succeeds, Sting may convert those warrants into a small shareholding — helping us reinvest in the next generation of startups.
