Propel Announces $20 Million Series C to Help Manufacturers Deliver Long Term Customer Engagement

SANTA CLARA, Calif.--(BUSINESS WIRE)--Propel, the modern way to take products from concept to customer, today announced it has raised $20 million in Series C financing. Enterprise-wide collaboration coupled with real time data allows companies to be more responsive to their customers, respond to unforeseen events faster, and make the right decisions. The manufacturing and life sciences industries are quickly demanding these capabilities to evolve their businesses to respond to new market demands.” “The increase in demand for Propel from mid-market and enterprise companies shows the market is using Propel to help drive revenue growth by enabling new customer engagement models,” said Jared Smith, General Partner with Ankona Capital. Born in the cloud and built on Salesforce, Propel helps manufacturers collaborate across the entire value chain to get the right products to market faster and at a higher margin. Portfolio companies receive funding, strategic advisory, and operating support, and can easily join Pledge 1% to make giving back part of their business model.