Propel Software develops scalable data management software that sits between JAVA based Web applications and enterprise database systems to eliminate bottlenecks from Internet traffic. Propel is focused on solving a problem that affects approximately 50 million U.S. Internet users: slow Internet dial-up connections. In July of 2002, Propel launched a new service to address this issue – Propel Accelerator, which speeds up dial-up browsing by up to 5 times.

Financials

Date Type Amount Investors Valuation
06/01/01 Series C 12M Emergence Capital, Google Ventures, First Round Capital, World Energy Solutions, Menlo Ventures, Invectus Capital, PAR Capital, Brook Ventures, Indigo Books & Music, Accel Partners, Amalfi Capital, Robin Hood Ventures, TomorrowVentures, Draper Fisher Jurvetson, Madrona Venture Group, Steel Pier Capital Advisors, Harmony Partners, Trinity Ventures, Bessemer Venture Partners Unknown

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