No Such Ventures leads a €2.5 million funding round for Berlin-based HRTech startup Propel, aimed at enhancing its platform for tech communities and talent.
Information on the Target
Propel is a Berlin-based HRTech startup that specializes in developing a managed services platform for communities and talent. Founded in 2020 by Sunkanmi Ola, Seun Owolabi, and Abel Agoi, the company aims to facilitate connections between tech communities and their members, enabling them to address critical last-mile challenges. Propel's platform serves over 100 tech communities across 15 countries, reaching approximately 400,000 individuals.
With a focus on integrating value for tech talent such as developers, designers, and data analysts, Propel's technology stack identifies and addresses key stages of career progression for its users. Notable communities that partner with Propel include SheCodeAfrica, Ingressive for Good, and Niyo Network, each contributing to inclusive skill development and education initiatives in the tech sector.
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Industry Overview in Germany
The HR technology sector in Germany is witnessing significant growth, driven by a surge in tech startups and a pressing need for innovative human resources solutions. As more companies seek to attract and retain talent in
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No Such Ventures
invested in
Propel
in 2023
in a Seed Stage deal
Disclosed details
Transaction Size: $3M