PropelMay 18, 2026

Monday Board

4for discussion
10active pipeline
0open asks
42new contacts
0intros
I.

Portfolio

Discuss today4

Akua

Explorer II / Colombia
May 12 · 5dDavid was direct: the #1 priority is hitting $8M ARR by ~August (up from ~$1M at close last year). Everything else is s… · EBanx is now signed — David had been pushing Charlie hard on this. Lucia noted a focus shifting to integration and volu… · Scantech is still dragging. Despite being a warm relationship (friend of Juanjo's), integration is taking longer than e…

Brendi

Explorer II / Sao Paolo
Mar 24 · 54dIn February increased the flat fee for SaaS - was a 20% raise · Revenue growth from $2.5M ARR in December to $3.1M in February, expecting $3.5M in March (gross ARR) · Target to reach $5M ARR by end of Q2

Polaxys

Explorer II / Sao Paolo
Mar 6 · 72dThinking about how they work with Claude / ChatGPT · Anthropic launched Claude marketplace today - allows enterprise users to port Claude subscriptions to partner products · Partners include Rogo (financial services AI) and Harvey (legal AI)

Truora

Explorer I / SF Bay Area
May 5 · 12dDavid Cuadrado (CTO) leading internal process automation using AI agents · Currently lives in Claude and Cursor for development · Built internal data exposure system for agents
▸Portfolio by fund

Explorer II5

  • Akua
  • Brendi54d
  • Polaxys72d
  • Shadow Power
  • Tail (fka Handshake)54d

Explorer I18

  • Affine (Alpine)
  • Cavela
  • Fintoc38d
  • Flieber53d
  • Helius
  • Kamino
  • Lemon Cash
  • Lightblocks
  • Neustreet
  • Noh
  • Nomad Global
  • Ocho
  • Opine
  • Parcha
  • Safebooks
  • Scanpay68d
  • Surus
  • Truora

Global7

  • Azos
  • ChargeAfter
  • Coinbase
  • Conekta52d
  • Groww
  • Neon
  • Prosper

US11

  • Brave
  • Civic
  • Ease (acq. by Employee Navigator)
  • Guideline (acq. by Gusto)
  • Hippo Insurance
  • Kasisto62d
  • Newfront
  • Outpatient
  • Paceline
  • Steady
  • TrustLayer

Legacy2

  • Ribbit Capital
  • SumUp

XYZ6

  • 1Confirmation
  • 8-Bit Capital
  • Hack VC61d
  • Haun Ventures
  • Ralicap
  • Volt Capital

Portfolio news1

May 9-15, 2026

GrowwMay 12indiaipo.in

6-month IPO lock-in expired; 68% of outstanding shares (~₹66,300 crore / ~$8.8B) freed for trade. Stock dropped 2-4% intraday before partial recovery. Q4 revenue +24% QoQ, net profit +25% QoQ; ARPU returned to pre-Nov 2024 levels.

Suggested asks1

auto-extracted from meeting notes

May 12Investor deck: David requested the fundraising deck the team used in SF. Lucia confirmed it exists and will send. The "20 companies in one" slide is reportedly in it.Akua
II.

Pipeline

By stage10

CompanyDiscuss
Evaluation10
Barkr
Flowstate
General Compute
Higher Order Company
Jusfy
Mevton
OneBalance
SOON
Speakeasy
StackPack

Suggested asks7

auto-extracted from meeting notes

May 13Braeden to connect Thomas with David (Propel GP) for Friday callBarkr
May 13Braeden to introduce James Charchini at Architect Capital for captive risk capitalBarkr
May 11Propel to debrief internally on whether to engage further and revert to Xavier with thoughts.PreStocks
May 11David offered to send over a portfolio company (the $600M GP company discussed) as a potential customer.Flowstate
May 11Propel to review the website and deck and powwow internally on the thesis and defensibility.Flowstate
May 11Round is closing in the next couple of weeks; near-term decision window (Propel would need momentum coming out of this call to participate).Flowstate
May 11David offered to connect a portfolio company as a potential customer regardless of investment outcome.Flowstate
III.

Other

New contacts42

Portfolio3

Pipeline6

Investors5

Other28

Venture funds met this week2