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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.

600 000 SEK investment from Propel
Propel invests exclusively in Sting companies. All startups in Sting Accelerate, and selected companies in Sting Incubate, are offered a total investment of 600 000 SEK.
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• 400 000 SEK is provided up-front.
• 200 000 SEK is guaranteed as follow-on investment.
Invested 70+ million SEK in Sting companies

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

30 million SEK under management

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

Propel Capital’s portfolio companies

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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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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.

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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.

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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. Up to 15 projects are accepted to each round.

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Propel Capital

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.

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Propel Capital

How is the number of shares that Propel Capital receives after conversion calculated?

The loan amount plus accrued interest at the time of conversion is divided by the price per share in the round, discounted by 30%.

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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:

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