Meet one of our partners RDLaw!
We had a little talk with our amazing partner RDlaw!
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 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:
How much ownership does Propel Capital take?
Propel Capital invests via a convertible note that converts to ownership only when the company has raised at least SEK 1 million or more from external investors. This way, we avoid setting a valuation of the company too early.
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.
Do I pay for Sting’s services?
We have a “success fee” model in the form of stock warrants to Sting. As a non-profit, we’re an independent, founder-centric organization who always wants what’s best for your startup. If you succeed, these stock warrants eventually convert into a small number of shares.
We’ve already participated in other programs – why should we join yours?
Sting offers more hands-on support than any other accelerator in Europe, and access to the most extensive network of entrepreneurs and investors. More than 9 out of 10 startups recommend Sting to other startups.
We have already raised a substantial amount of funding, can we still join?
Yes, it is definitely possible to be part of our program even if you have already raised money. Companies often have angel investors onboard before joining Sting.
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