Propel(x) Secures $1.5M in Seed Funding

Propel(x), a Redwood City, Calif.-based online investment platform for tech startups, secured $1.5m in seed funding.

Backers included Capital Partners, Zhen Fund, TEEC Angels, TBN Network and CLI Group as well as senior executives at Lending Club.

The company intends to use the funds to further develop the technology, build its community of experts, grow its investor base and secure key partnerships.

Founded in 2013 by CEO Swati Chaturvedi and Lisheng Wang, Propel(x) is an online investment platform connecting tech startups in the life sciences, energy, cleantech, computer sciences, materials and chemicals sectors with accredited investors as outlined in Rule 501 of Regulation D by the Securities and Exchange Commission.



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