# Propel, LDA

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/propel-lda

- Industry: Software
- Headquarters: Berlin, Germany
- Website: www.withpropel.com
- Total disclosed funding: $2.7M
- Latest round: Seed (Jul 10, 2023)
- Investors on record: 4

## About

Based in Berlin, Germany, and founded in 2020, Propel LDA operates as a software development firm that offers a platform that engages in human workforce solutions. The company was founded by Sunkami Ola, Seun Owolabi, and Abel Agoi. In July 2023, Propel, LDA raised EUR 2.5 million in seed funding led by No Such Ventures, APX, Future of Learning Fund, and Golden Egg Check.

The company offers a software-based community as a service platform that helps companies to hire new employees. The platform provides a community network growth engine, and it has data on talent’s technical capacity, psychometric analysis, work preferences, and growth potential. It offers integrated services. The platform offers services to the community by offering a dashboard that provides growth opportunities, access to credit, sustainable revenue, etc.

The company plans to use the July 2023 funding for further platform development and expands its offerings.

## Funding rounds

- Seed, Jul 10, 2023, $2.7M — Golden Egg Check, APX, No Such Ventures, Future of Learning Fund

## Investors

- Golden Egg Check (https://capitalatlas.ai/funds/golden-egg-check) — Seed
- APX (https://capitalatlas.ai/funds/apx) — Seed
- No Such Ventures (https://capitalatlas.ai/funds/no-such-ventures) — Seed
- Future of Learning Fund — Seed