Sweden’s most active private
pre-seed investor

Founded in 2014, Propel Capital is an investment vehicle connected to Sting and has more than 170 companies in the portfolio.

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500 000 SEK investement from Propel

Propel only invests in Sting companies. All startups in Sting Accelerate, and a selection of companies in Sting Incubate, are offered an investment of 500 000 SEK.

Invested over SEK 70 million in Sting companies

Propel Capital I, II, III, IV, V, and VI have invested over SEK 70 million in more than 170 Sting companies. The investments are usually made via a standardized convertible debt instrument.

SEK 30 million under management

The current Propel Capital, Propel Capital VI, has SEK 30 million under management from 35 of Sweden’s foremost business angels and Saminvest.

About Propel

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.

Propel Capital’s portfolio companies

Propel Capital FAQ's

Have any questions?

Browse through the FAQs to gain insights and clarity on various topics related to our organization.

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Sting Test Drive

How does the selection to Sting Test Drive work?

We will review your application after the application deadline has passed and get back to you within two weeks. Between 10 to 12 projects are accepted to each round.

Sting Test Drive

Will our IP be protected?

At the first workshop, all participants and organizers sign a confidentiality agreement. No information on the business concepts, technologies or names of participants may be spread outside the program without the consent of the participant in question.

Startup Academy

Why are we doing this?

Sting is Scandinavia’s leading tech startup incubator and accelerator. We have over two decades of perfected gathered experiences in guiding high-potential tech founders on their journey to becoming global successes.

Late Applications

What is deemed as a late application? 

Late applications are those submitted after the application deadlines (typically June-Sept or Dec-Jan).

Late Applications

Will I have a lower chance to get accepted if I apply late?

If you submit an application after the deadline, your application is automatically tagged as “late”. You will still get evaluated based on your merits, but late applications are generally competing for fewer slots, which means it will get harder to get accepted the later you apply. It will also take longer for us to get back to you, as the process is already ongoing. 

Late Applications

When can I expect to hear from you after sending in my late application?

We do our best to get back to you as soon as possible, however it depends on the availability of the coaches. Also keep in mind that late applications are often coming in during holiday periods, which may slow down the response time even more. But please be patient, we will email you as soon as your application has been reviewed.

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