Propel
Propel last closed a fund in August 2026 — 3 months ago.
It raises on several lines, too close together for one rhythm. No month is guessed; the filing will say.
This firm closed a fund in the last 18 months, so it has money to put to work now.
- Funds on file
- 4
- Single-deal SPVs
- 2
- Capital raised
- $224,000
- Latest close
- August 2026
- Based in
- CA, NV
Vehicles on file
| Vehicle | First close | Amount | Filings |
|---|---|---|---|
| Propel (Nitrogen), LLC | August 2026 | $28,000 | 0001784244 ↗ |
| Propel (Immusoft), LLC | October 2016 | $25,000 | 0001691488 ↗ |
| Propel (Abtum), LLC | July 2016 | $133,000 | 0001682107 ↗ |
| Propel (Positron Dynamics) LLC | January 2016 | $38,000 | 0001667936 ↗ |
| Propel Bio SPV 3, LLC | October 2024 | $20M | 0002056219 ↗ |
| Propel Bio SPV 2, LLC | February 2024 | $9M | 0002015214 ↗ |
Each row links to that vehicle’s Form D filings on EDGAR — the name, date and amount above should match what is filed there.
What Propel invests in
- Typical fund
- $38,000 median, pre-seed / seed scale
- Website
- propelbio.com
Service providers
- Fund administrator
- None reported — the adviser answered “no administrator” for 1 of 1 fund
- Auditor
- CohnReznick (1 fund)
From Form ADV filed by PROPEL BIO MANAGEMENT, LLC CRD 322858 ↗, latest filing March 2026, covering 1 fund linked to this firm by Form D file number. Form ADV is filed once a year, so a provider may have changed since. How this is matched.
What this is. Every figure on this page comes from Form D filings with the U.S. Securities and Exchange Commission — public records, reproduced here as filed. Service providers, where shown, come from the adviser’s Form ADV and are dated.
What it is not. Single-deal SPVs, feeder vehicles and GP or employee commitment funds are listed but excluded from fund counts and capital totals: an SPV is one investment, a feeder holds the same capital as its master, and a “Principals” or “Entrepreneurs” fund closes alongside a main fund rather than being raised in its own right. Capital deployed from a family office, a corporate balance sheet or an evergreen structure never arrives as a fund close, so a firm doing that looks quiet here. Amounts are as of the last amendment and go stale. Dates are the date of first sale — a fund's first close, not its final one. Funds filed as “Indefinite” are excluded from totals rather than counted as zero, so a total is a floor.
“No recent fund” is a statement about filings. It is not a statement about whether a firm is solvent, investing, or still in business.