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Propel
Product value management platform
- 101-200 employees
- B2B
- Enterprise
- SaaS
- Cloud Computing
- Santa Clara, CA
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Company mission
To help product companies win customers for life.
24% employee growth in 12 months
Our take
Many software services exist to help manage a range of business areas, but the current landscape lacks end-to-end product management services. Companies must design, sell and provide services for their products, and digital assistance in these areas is severely lacking.
Propel provides a cloud-based platform for the end-to-end management of product design, aiming to support companies through the design, marketing, selling, and servicing of their products. The company provides services for any business product, with an interesting example being its work with wearable medical device companies to mitigate potential issues with the product and reduce the time and cost of compliance management.
Whilst other product life cycle management tools such as SAP and Oracle exist, these services are built on antiquated on-prem infrastructure and have only recently been converted to cloud services. Propel has approached the industry with a future-proof attitude of beginning and innovating within cloud-based solutions, which gives it an edge in the increasingly cloud-first environment.
Steph
Company Specialist at Welcome to the Jungle
Benefits
- Opportunities for professional growth, internal advancement and movement, and company supported learning
- Comprehensive medical, dental, and vision for you and your dependents
- Unlimited vacation, 10 paid holidays, and paid parental leave
- Employee Stock Purchase Program
- 401k so you can plan for your future
- Stand-up desks, MacBooks and large monitors are standard issue
- Inclusive work environment - we strive to create an environment where every single person can feel valued, empowered, and connected
Company values
- Customer Success - We strive to always make 100% of our customers successful
- Trust - Building trust between ourselves, customers and partners is key to our long term success
- Growth - Revenue growth allows us to invest in people and products, which leads to more customer success
- Focus - Our product can do many things for many companies, so we must rely on our vision to prioritize efforts
Funding (last 2 of 4 rounds)
Sep 2021
$20m
SERIES C
Nov 2018
$18m
SERIES B
Total funding: $48.2m
This company has top investors
Leadership
Ray Hein
(CSO)Former CEO of the company. Started their career as Product Management Director at Micropolis Corp, where they spent 8 years before working at Storage Dimensions. They spent a further 14 years in Product Management before co-founding Propel in 2015.
Ron Hess
(CTO)With a background in Program Management at several companies, they spent almost 7 years at Salesforce.com. They left their position as Application Architect at Kenandy in April 2015 to co-found Propel the following month.