Propeller: Funding, Investors & Team (Oct 2026)
Propeller is an MGA that specialises in the $6 billion surety and fidelity bond market. We use a patented surety technology that allows us to immediately underwrite and issue surety bonds, which benefits everyone in the value chain (carriers, agents, customers, and obligees) We make surety sales for brokers and agents easier while still paying commission. We accomplish this by allowing agencies to brand our surety platform. This works for both seasoned surety specialists who can write more bonds with less effort and agents without surety knowledge who can earn commission by just referring their clients to the portal. The Agents can then take advantage of their current client base, email lists, and website traffic.
Propeller has raised $6.4M across 1 funding round on record, the most recent a Seed of $6.4M announced in Jan 2023.
That round is below the $15M median round size for Financial Services companies tracked on FundedIQ over the last two years.
Propeller Company Profile and Key Stats
Latest funding round on record: Jan 2023.
Propeller Funding Rounds
Propeller Founders and Leadership Team
Contact details for the Propeller team: 1 of 1 has an email address on file.
Start 14-day free trial →Propeller Funding Compared to Other Financial Services Startups
Propeller's latest round of $6.4M is below the median round in Financial Services. Medians cover the last 24 months of disclosed rounds.
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Propeller Funding FAQs
What does Propeller do?
Propeller is an MGA that specialises in the $6 billion surety and fidelity bond market. We use a patented surety technology that allows us to immediately underwrite and issue surety bonds, which benefits everyone in the value chain (carriers, agents, customers, and obligees) We make surety sales for brokers and agents easier while still paying commission. We accomplish this by allowing agencies to brand our surety platform. This works for both seasoned surety specialists who can write more bonds with less effort and agents without surety knowledge who can earn commission by just referring their clients to the portal. The Agents can then take advantage of their current client base, email lists, and website traffic.
How much funding has Propeller raised?
Propeller has raised $6.4M across 1 round on record. The most recent is a Seed of $6.4M announced in Jan 2023.
When did Propeller last raise funding?
Propeller's most recent funding round on record is a Seed of $6.4M, announced in Jan 2023.
Who is the CEO of Propeller?
Chris Kolger is listed as CEO at Propeller.
Where is Propeller headquartered?
Propeller is based in Houston, Texas, United States.
How many employees does Propeller have?
Propeller is in the 11-50 employee band.
How does Propeller's funding compare to other Financial Services startups?
Propeller's latest round of $6.4M is below the $15M median round size for Financial Services companies on FundedIQ across 5,751 tracked companies over the last two years.
About FundedIQ's Propeller Funding Data
FundedIQ tracks announced funding rounds and refreshes this profile every week. Round dates, stages and amounts are normalised to a single format, converted to US dollars, and de-duplicated: two records of the same round announced days apart are merged, and two genuinely different rounds are kept apart on the amounts they disclose. Amounts shown are the disclosed figures only — a round announced without a number is listed and excluded from the total rather than estimated.
Employee counts are reported bands, not exact headcounts. Founder and executive names carry the job title on record. Anything we do not hold for Propeller is left off this page rather than filled in.
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