Propel Capital

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:

Propel Capital invests SEK 600,000, of which SEK 400,000 is provided up-front and SEK 200,000 is guaranteed as a follow-on investment upon conversion.
The loan falls due for payment after two years to the extent that conversion has not taken place before.
The loan has an annual interest rate of 10%.
Propel Capital has the right (but not the obligation) to convert when the company has raised at least SEK 1 million in external capital in a new issue. If conversion is made, the SEK 200,000 follow-on investment is included as part of the conversion.
Conversion price: 70% of the new issue price, but not higher than what corresponds to a valuation of all shares in the company of 20 million SEK before conversion.

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Are there other benefits to having Propel Capital as a financier, in addition to the investment itself?

Yes! The co-owners of Propel Capital are business angels actively looking for investment opportunities in exciting and promising startups. As a portfolio company to Propel Capital, you are exposed to a large number of potential investors.

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What are the terms of the Propel Capital convertible?

More from this category

Are there other benefits to having Propel Capital as a financier, in addition to the investment itself?

Can't find what you're looking for?

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