At a Glance
Propel Venture Partners was established as the venture capital arm backed by BBVA, one of the world's largest financial institutions, with the specific mission of investing in companies transforming financial services through technology. Led by managing partners Jay Reinemann and Propel's investment team, the firm leverages BBVA's global banking expertise and customer base to provide unique value to fintech portfolio companies beyond just capital. This strategic backing allows Propel to offer portfolio companies access to banking infrastructure, regulatory expertise, and potential partnerships across BBVA's global markets in Europe, South America, and North America. Notable investments include digital bank Atom Bank, payment infrastructure company Dwolla, and open banking platform Tink (acquired by Visa). The firm focuses on early-stage fintech companies across areas including digital banking, payments, lending, wealth management, and financial infrastructure. Propel's differentiated approach combines traditional venture capital with deep financial services expertise, making it particularly attractive to entrepreneurs building companies that require banking partnerships or regulatory navigation to scale successfully.
“Backs fintech founders with capital, bank partnership access, and deep sector expertise.”
Propel Venture Partners primarily invests at the Seed, Series A stages. This means they focus on companies that are building their initial product and finding product-market fit.
Propel Venture Partners is headquartered in San Francisco, CA. Many of their portfolio companies are also based in this region, though they invest across geographies.
Propel Venture Partners focuses on investments in Fintech, Enterprise. Their portfolio reflects deep expertise and networks within these sectors.
Propel Venture Partners's typical investment check size ranges from $1M to $15M. Actual amounts may vary based on the stage, sector, and specific opportunity.
Propel Venture Partners manages approximately $500M+ in assets under management (AUM) across their funds.
