/Investor DB

Propeller

Accelerator

New Orleans · Seed · 35 people tracked

Not to be confused with Propeller Inc. (Venture capital · Amman, JO)

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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 Sep 27, 2026.

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

Team · 35 people

from the firm's website & curated & public directories
Steven Fox· Partnerin

Founder mafia

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

What they invest in

from 3 of 3 portfolio companies

Cloud Computing ×2Enterprise Software ×2SaaS ×2AI & Machine Learning ×1Data & Infrastructure ×1

HQs:United Kingdom×1Jordan×1

Portfolio companies · 3 tracked

alumni founders can tell you what the program is really like

By year:2025 · 12023 · 12018 · 13 dated

Clarityonclarity.cominSep 2025

Clarity (formerly Anecdote) builds customer experience tools with an emphasis on compliance, data privacy, and security.

AI & Machine LearningEnterprise SoftwareSaaSLondon, GB

Abed Kasaji(Co-Founder & CEO)inPavel Kochetkov(Founder)inPavel Kotchetkov(Co-Founder & CTO)

Co-investorsProsus VenturesSukna VenturesOraseya CapitalPhaze VenturesTech Invest ComWamda Capital+6 more

Nestromnestrom.cominJan 2018

Amman-based provider of cloud, SaaS and IoT software for digitising farm and field service operations.

Cloud ComputingAmman, JO

Yousef Wadiin

Co-investors500 GlobalTechstarsWamda CapitalPropeller Inc.

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+3 more

Frequently asked questions

What stage does Propeller invest at?
Propeller invests at the Seed stage.
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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