Propel, the platform for future brands, announced it has raised an $18 million Series B round, led by Norwest Venture Partners. The new funds will be used to grow the team, deliver on its expansive product roadmap, and build on its existing customer base that already includes companies like Desktop Metal, Samsara, and Peak Design.
Propel is the platform for future brands. The company helps brands like Desktop Metal, Samsara and Peak Design get to market ridiculously fast by enabling collaboration across teams, divisions, partners, and customers. Propel uniquely combines Product Lifecycle Management (PLM), Product Information Management (PIM), and Quality Management System (QMS) into one system, natively built on the Salesforce platform.
The company is backed by leading venture capitalists such as Norwest Venture Partners, Cloud Apps Capital Partners, Signalfire and Salesforce Ventures, and is headquartered in Santa Clara, CA.