# Propel Capital

> Propel Capital is a VC fund in Stockholm backing Software and Health Care. See 125 investments, check sizes, portfolio and contact details. Updated Aug 2026.

- Type: VC Fund
- Location: Stockholm, Sweden
- Total investments: 125
- Last investment: Aug 2025
- Lead investor: 10%
- Fund size: $3.4M
- Last fund: Aug 2022
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/company/propel-capital-ab/about/
- Website: https://sting.co/propel-capital/

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.

## Contacts

5 contacts available for Propel Capital. Shizune tracks 5 team members at Propel Capital. Sign up free to unlock them: https://app.shizune.co/sign-up/investor-profiles/find-team-emails/propel-capital?utm_source=investor_profile

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Software | 27 | 22% |
| Health Care | 17 | 14% |
| Information Technology | 15 | 12% |
| E-Commerce | 13 | 10% |
| Apps | 11 | 9% |

148 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Convertible Note | 62 | 50% |
| Pre-Seed | 31 | 25% |
| Seed | 18 | 14% |
| Funding Round | 4 | 3% |
| Grant | 3 | 2% |

8 stages tracked in total.

### Country

| Country | Investments | Share |
| --- | --- | --- |
| Sweden | 92 | 74% |
| United States | 6 | 5% |
| Norway | 1 | 1% |

## Team

| Name | Title | Investments | Profile |
| --- | --- | --- | --- |
| Lars Lindgren | Investor | 10 | https://shizune.co/investors/profile/lars-lindgren |
| Ludvig Linge | Investor | 9 | https://shizune.co/investors/profile/ludvig-linge |
| Niclas Lilja | Chairman of the Board | 1 | https://shizune.co/investors/profile/niclas-lilja |
| Emanuel Andersson | CEO | 0 | https://shizune.co/investors/profile/emanuel-andersson |
| Pär Hedberg | Founder & Director of the Board | 3 | https://shizune.co/investors/profile/p%C3%A4r-hedberg |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| 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 |  |

10 of 125 investments shown.

## Co-investors
- [Sting](https://shizune.co/investors/profile/stockholm-innovation-and-growth) — VC Fund, 31 deals together
- [Almi Invest](https://shizune.co/investors/profile/almi-invest) — VC Fund, 6 deals together
- [Arctic Ventures](https://shizune.co/investors/profile/arctic-ventures) — VC Fund, 1 deal together
- [Capital One Ventures](https://shizune.co/investors/profile/capital-one-growth-ventures) — VC Fund, 1 deal together
- [Capital One Ventures](https://shizune.co/investors/profile/capital-one-ventures) — VC Fund, 1 deal together
- [CVX Ventures](https://shizune.co/investors/profile/cvx-ventures) — VC Fund, 1 deal together

## Similar investors

### Similar stage
- [Right Side Capital Management](https://shizune.co/investors/profile/right-side-capital-management) — VC Fund
- [SOSV](https://shizune.co/investors/profile/sosv) — VC Fund
- [Innova Memphis](https://shizune.co/investors/profile/innova-memphis) — VC Fund

## 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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