Propeller
AcceleratorNew Orleans · Pre-Seed–Growth · 35 people tracked
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.
Team · 35 people
from the firm's website & curated & public directoriesFounder mafia
2 people who came through Propeller went on to found or lead other companies.
What they invest in
from 1 of 1 portfolio companiesCloud Computing ×1Data & Infrastructure ×1Enterprise Software ×1SaaS ×1
Portfolio companies · 1 tracked
alumni founders can tell you what the program is really likeRewind 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 teamNavigating 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
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