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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Application Process

We’ve already participated in other programs – why should we join yours?

Sting delivers unmatched hands-on support tailored to your startup’s unique needs, combined with direct access to one of Europe’s largest and most active networks of founders, investors, and experts. Over 90% of our startups recommend Sting to their peers — and many return for follow-on programs.

Application Process

We have already raised a substantial amount of funding, can we still join?

Absolutely! Having secured funding before joining Sting is common and doesn’t prevent you from participating in our program. Many startups enter with angel investors already on board, and we’re here to help you build on that momentum with tailored support, strategic guidance, and access to our extensive network.

Application Process

How do you handle startups with similar or competing business ideas?

To maintain trust and a healthy community, we do not accept startups that directly compete with each other at the same time in our program. However, once a startup has graduated and been an alumni for at least six months, we may consider working with another company with a similar business idea.

Application Process

Do we need to have our tech inhouse?

If technology is the core of your business, having your tech team in-house is essential. If technology is primarily a tool to solve a problem, outsourcing development can be an option to extend capacity—though it comes with some risks.

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.

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. 

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