Fundraising Fox

Propeller

Accelerator

New Orleans · Pre-Seed–Growth · 35 people tracked

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Investment thesis

Propeller works to build a thriving entrepreneurial ecosystem in New Orleans by growing a critical mass of small businesses and nonprofits that address disparities in community economic development, education, food, health, and water. It runs impact accelerator programs, provides coworking facilities, and helps early-stage founders access capital, improve credit, and build financial knowledge. Its emphasis is on creating jobs, revitalizing neighborhoods, and fostering inclusive local economic growth rather than pursuing conventional venture returns.

Source: firm website, verified Aug 3, 2026.

Stage
Pre-Seed–Growth
Check
$500K – $2M
HQ
New Orleans, Massachusetts, US
Leads rounds
Follows
Instruments
Equity · Grants
Founded
2009
AUM
$3M
Portfolio companies
1

Team · 35 people

from the firm's website & curated & public directories
Robert Kittler· CFOin

Founder mafia

2 people who came through Propeller went on to found or lead other companies.

What they invest in

from 1 of 1 portfolio companies

Cloud Computing ×1Data & Infrastructure ×1Enterprise Software ×1SaaS ×1

Portfolio companies · 1 tracked

alumni founders can tell you what the program is really like
Rewindrewind.comin𝕏Nov 2023

Rewind provides backup, restore, and copy functionality for critical data across SaaS and cloud applications, serving over 25,000 organizations globally across eCommerce, accounting, productivity, and development use cases.

Cloud ComputingData & InfrastructureEnterprise SoftwareSaaS

Mike Potter(Co-founder & CEO)inJamesin

Co-investorsAtlassian VenturesBessemer Venture PartnersH.I.G. CapitalInovia CapitalInsight PartnersMistral Venture Partners+6 more

Frequently asked questions

What stage does Propeller invest at?
Propeller invests at the Pre-Seed, Seed, Series A, Growth stages.
What is Propeller's typical check size?
Propeller typically writes checks of $500K – $2M.
What sectors does Propeller focus on?
Propeller focuses on AgTech, EdTech, FoodTech, Healthtech, Impact & Social Good, Sector Agnostic.
Where is Propeller located?
Propeller is headquartered in New Orleans, US.
Does Propeller lead rounds?
Propeller typically participates in rounds rather than leading them.

Media · Podcasts & interviews

featuring the team

Navigating the Tides of Change: Brian Halligan's Journey from co-founding HubSpot to Propeller

Worth Media · Brian Halligan

Celebrations Chatter with Jim McCann: Brian Halligan's Journey from co-founding HubSpot to Propeller

1800Flowers.com · Brian Halligan

Images

Propeller photoPropeller photoPropeller photo

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