Highlights from Sting Demo Day – June 3, 2025
On June 3rd, Stockholm’s A‑House buzzed with excitement as 17 bold startups took the stage at Sting’s Demo Day.
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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Trusted by 400+ thriving startups
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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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What does your purpose, “Backing bold ideas. Reshaping what matters,” mean?
It reflects our mission to support founders who are daring enough to challenge the status quo and bold enough to build companies that solve real societal and environmental problems. We believe startups can – and should – reshape the world for the better.
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 12-15 projects are accepted to each round.
What will I get from Sting Test Drive?
Sting Test Drive is a hands-on evening workshop series combined with individual coaching. You’ll validate your idea, strengthen your business model, and explore future opportunities with Sting — all while keeping your day job.
Does Propel Capital invest in its portfolio companies?
Propel Capital guarantees a follow-on investment of 200,000 SEK as part of its initial investment offer. However, Propel Capital does not make any additional follow-on investments beyond this. Instead, Propel Capital’s CEO, Emanuel Andersson, actively supports portfolio companies in their financing rounds by facilitating introductions to potential investors.
How is the number of shares that Propel Capital receives after conversion calculated?
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.
What are the terms of the Propel Capital convertible?
For full terms and conditions, please contact emanuel.andersson@sting.co. Read more for an overall summary of the terms:
