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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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For Startups in Our Programs

Do we need to have our tech inhouse?

If technology is the core of your business, having your tech team in-house is essential. If technology is primarily a tool to solve a problem, outsourcing development can be an option to extend capacity—though it comes with some risks.

Other

How can I nominate a startup for your programs?

You can refer a startup by emailing our team or using any nomination form available throughout the year. Warm intros from alumni, investors, and partners are always welcome.

Other

Where can I find upcoming events?

Most of our events are currently invite-only and not listed publicly. However, we regularly share highlights and information about select upcoming events on our LinkedIn page and through our newsletter. To stay in the loop, make sure to follow us on LinkedIn and subscribe to our newsletter at sting.co/newsroom.

Support & Network

What kind of coaching and support will I get?

Each startup gets a dedicated Sting coach. In addition, you’ll access experts in sales, fundraising, product development, go-to-market, and team building.

Programs & Applications

Do I need to be based in Stockholm?

We welcome startups from across Sweden, but participation in our programs typically requires a physical presence in Stockholm during key parts of the program.

Programs & Applications

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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