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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.

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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Selection Process

What happens after I submit my application?

When your application is submitted, our coaches will review it and decide whether to move you to the next step. Expect to hear back from us a couple of weeks after the application deadline.

Startup Programs

Will Sting invest in my company?

If accepted onto one of our programs, you can receive 500 000 SEK investment from Propel Capital – Sting’s own investment company. 

Startup Programs

What’s the difference between Sting’s programs?

Sting offers two programs: Incubate for researchers/founders with complex technical solutions (up to 18 months), and Accelerate for startups with a launched product/solution and at least two full-time employees looking to accelerate growth (4 months).

Startup Academy

Is it really free and open for anyone?

Yes, Sting Startup Academy is 100% free and open to anyone. Right now we have limited seats though, so you may be put on a waiting list until new seats open up. In order to get accepted to any of Sting's regular programs, you have to be based in Stockholm, Sweden.

General

Why Sting?

We propel you towards your vision for the future by providing a lifelong support ecosystem that delivers more value and opens more doors than any other.

Sting Test Drive

What is Sting Test Drive?

Test Drive is a series of workshops for founders with an idea or a startup that are not quite ready to apply for our official startup programs yet. Test Drive runs 1-2 times a year and is usually sector-specific. For example, the past we’ve ran test drives focused on climate and energy, deeptech, healthtech and blockchain innovations.

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