Propel Capital
VC Fund
Stockholm, Sweden
Propel Capital is a VC fund in Stockholm focused on Software and Health Care. Propel Capital is the investment arm of Sting, the leading eco system for startups in the Nordics. The funding of Propel Capital comes from experienced angel investors who also often direct invest in Propel Capital companies. Propel Capital only invests in companies accepted to Sting and the investment size is normally approx. 50 000 EUR.
- Total investments:
- 125
- Last investment:
- Lead investor:
- 10%
- Fund size:
- $3.4M
- Last fund:
Last updated:
For AI agents: llms.txt
Industries Propel Capital invests in
Stages Propel Capital invests in
Countries Propel Capital invests in
Contacts
| Name | Phone | Socials | |
|---|---|---|---|
Pär Hedberg
|
Investment Focus
Industry
- Software 27 (22%)
- Health Care 17 (14%)
- Information Technology 15 (12%)
- E-Commerce 13 (10%)
- Apps 11 (9%)
Stage
- Convertible Note 62 (50%)
- Pre-Seed 31 (25%)
- Seed 18 (14%)
- Funding Round 4 (3%)
- Grant 3 (2%)
Country
- Sweden 92 (74%)
- United States 6 (5%)
- Norway 1 (1%)
Team
| Name | Title | Investments | Links | |
|---|---|---|---|---|
Lars Lindgren
Investor
|
Investor | Total investments: 10 | Find email | |
Ludvig Linge
Investor
|
Investor | Total investments: 9 | Find email | |
Niclas Lilja
Chairman of the Board
|
Chairman of the Board | Total investments: 1 | Find email | |
| CEO | Total investments: 0 | Find email | ||
|
Pär Hedberg
Founder & Director of the Board
|
Founder & Director of the Board | Total investments: 3 | Find email |
Investments
| Company | Description | Round | Links |
|---|---|---|---|
Seaqure Labs AB
|
Seaqure Labs is a biotech startup utilizing mycoproteins as the solution for current unsustainable methods within aquaculture. Grounded in the fundamental principles of the circular economy, the technology empowers us to manufacture sustainable, economically viable ingredients, great for the planet and great for fish. | $545.8K / Pre-Seed / Aug 21, 2025 | |
Mother
|
Mother is a deep-tech mental health company that aims to fill the niche between conventional health services and self-help approaches. | $276.4K / Pre-Seed / Jun 05, 2023 | |
UTI-lizer
|
UTI-lizer is a non-optimal treatment and unnecessary use of antibiotics. They detect bacteria in the clinically relevant range, without any complicated lab instruments. They provide biotechnology research. The contact modes are by mail, phone, and physical address. | $653.2K / Seed / May 24, 2023 | |
Biweekly
|
Biweekly app contains simple tools for smooth planning and clear communication for secure collaboration and fewer conflicts. | $47.3K / Seed / Feb 07, 2023 | |
|
Symbiosis
|
Affordable, zero-compromise managed Kubernetes | $47.3K / Pre-Seed / Feb 07, 2023 | |
Legimeet
|
Legimeet provides a simple and secure end-to-end interactive solution that covers the entire meeting process, regardless of meeting format. Legimeet requires no installation and works on computers, tablets and smartphones | $47.3K / Seed / Feb 07, 2023 | |
Hopen Internships
|
Hopen is an online platform that specializes in recruitment for internships. The company is based in Stockholm, Sweden. | $47.3K / Pre-Seed / Feb 07, 2023 | |
Goodfeed
|
Goodfeed is a new generation retro platform that is interactive and inclusive. Designed for learning organizations that build and nurture sustainable and long-term relationships. | $47.3K / Pre-Seed / Feb 07, 2023 | |
Fictive Reality
|
Fictive Reality is an e learning platform and assessment discourse simulator. They offer corporate training, gamified context with inherent gratification, spaced repetition, role play training methods in conjunction with facilitation techniques, developing soft skills, recruitment assessment, virtual reality learning, and educational tools. | $47.3K / Non-equity Assistance / Feb 07, 2023 | |
reCRQL
|
ReCRQL is a SaaS platform for the next generation of circular retail. The company was founded in 2021 and is headquartered in Goteborg, Sweden. | $48K / Convertible Note / Dec 16, 2022 | |
| See all 125 investments → | |||
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FAQ
What does Propel Capital invest in?
Propel Capital invests primarily in Software, Health Care and Information Technology startups, most often at Convertible Note and Pre-Seed stage. Most of the 125 investments tracked by Shizune back companies in Sweden. The Investment Focus section breaks down every industry, stage and country in the portfolio.
How do I contact Propel Capital?
Public channels for Propel Capital include LinkedIn and the website linked on this profile. For a verified work email and phone number, create a free Shizune account — contact data is searched across 20+ sources and validated before delivery, so your outreach lands in the right inbox.
Who are the partners at Propel Capital?
The team at Propel Capital includes Lars Lindgren (Investor), Ludvig Linge (Investor) and Niclas Lilja (Chairman of the Board). The Team section lists each member with their title, investment count and links.
Is Shizune's investor data accurate?
Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.
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