Propelo
Latest round
- Series A
Last raised
- Nov 2021
Total raised
- $12M
Investors
- 4
About Propelo
Propelo Inc.Founded in 2019, Propelo Inc. is based in Sunnyvale, US and focuses on improving software delivery processes. The company was recently acquired by Harness, Inc. on January 24, 2023, with financial terms undisclosed.Propelo specializes in enhancing software delivery with its Software Engineering Insights (SEI) platform. The SEI platform identifies and analyzes bottlenecks within the Software Development Life Cycle (SDLC) using the Harness Trellis Framework, evaluating over 20 productivity-related factors from various SDLC tools.Propelo generates revenue through a subscription-based model for its SEI platform, typically involving annual contracts with clients. The business operates on direct B2B relationships, where clients pay for tiered service plans based on the scale of their operations., Propelo plans to leverage its resources to expand its software delivery platform and enhance the developer experience. Expansion efforts are targeted towards new markets, with specific focus on North America, Europe, and Asia, although exact timelines have not been disclosed.
Who invested in Propelo
4 investors across 1 round
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Funding rounds
Series A
Nov 4, 2021
Amount
$12M
Investors
Questions about Propelo
Who invested in Propelo?
Propelo has 4 investors on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Propelo raised?
Propelo has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did Propelo last raise money?
Propelo's most recent round on record is a Series A, in Nov 2021.
What does Propelo do?
Propelo is a software company.
Where is Propelo headquartered?
Propelo is headquartered in Sunnyvale, US.
Which VCs invest in companies like Propelo?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back software companies at Propelo's stage. Their profiles are linked below.
VCs backing software startups at Series A
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