Fundraising FoxPropel GPS
Reston, US · Founded 2012 · Virginia LLC
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Propel GPS is a cloud-based IoT company providing wireless asset management, GPS tracking, and sensor monitoring (temperature, tank level, geofencing, driver behavior) for commercial fleets in industries such as trucking, oil & gas, construction, and school transportation. It offers both a full-featured business solution and a consumer/small-business version, with real-time tracking accessible via desktop, tablet, or mobile.
Founders & leadership
Propel GPS was founded in 2012 by Rick Burtner.
Reported raises · per SEC filings
Form D private placements$1.9M disclosed across 2 rounds · 2012–2018
▶$315KraisedNov 2018 · 6 investors · Other TechnologyRule 506(b)
- Richard L BurtnerExecutive Officer, Director
- Offering amount
- $750K
- Amount sold
- $315K
- Minimum investment
- $25K
- First sale
- Jul 2018
- Incorporated
- Limited Liability Company, Virginia
- Federal exemptions
- 06b
▶$1.6MraisedJun 2015 · 21 investors · Other TechnologyRule 506(b)
- Richard L. BurtnerExecutive Officer, Director
- Offering amount
- $1.8M
- Amount sold
- $1.6M
- Minimum investment
- $50K
- First sale
- Nov 2012
- Incorporated
- Limited Liability Company, Virginia, 2012
- Federal exemptions
- 06b
Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.
Frequently asked questions
- What does Propel GPS do?
- Propel GPS is a cloud-based IoT company providing wireless asset management, GPS tracking, and sensor monitoring (temperature, tank level, geofencing, driver behavior) for commercial fleets in industries such as trucking, oil & gas, construction, and school transportation. It offers both a full-featured business solution and a consumer/small-business version, with real-time tracking accessible via desktop, tablet, or mobile.
- Who founded Propel GPS?
- Propel GPS was founded by Rick Burtner in 2012.
- How much funding has Propel GPS raised?
- Propel GPS has disclosed $1.9M raised across 2 rounds.
- Where is Propel GPS headquartered?
- Propel GPS is headquartered in Reston, US.