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.
Propel Capital typically ends up with 1.5% to 3.5% ownership, depending on your startup’s valuation at the time of conversion. The final percentage is calculated based on the terms of your next qualified financing round.
Propel Capital gives you exposure to a curated portfolio of Sting-supported startups, with the option to invest further. Contact us to learn more about the structure and how to get involved.
Startups accepted to Sting Core have the opportunity to receive SEK 600,000 in an investment through a convertible note from Propel Capital, the investment company linked to Sting. The investment is optional and offered to selected companies early in the program based on clear selection criteria.
Sting’s Core program starts twice every year, in October and March. The application deadlines are generally in mid-August and late January. We evaluate applications continuously, and in certain cases, we may accept companies between the application periods.
Startups registered in Sweden as AB companies with bold ideas and real determination to drive change can apply. We focus on founders solving major challenges in HealthTech, ClimateTech, DeepTech, and beyond, ready to build scalable businesses and accelerate growth.
