David Mort
Investing at Propel
San Francisco, California
Overview
Work Experience
General Partner
2021 - Current
Propel is investing in founders creating “the new economy.” The financial services sector is the primary driver of many economies, and opportunities to enable, accelerate, deliver, and secure value exchange are immense and diverse. Propel invests primarily from Pre-Seed to Series A in the Americas with initial check sizes from $250k to $5M with follow-on capital much higher. Portfolio companies include Coinbase, Nomad, Neon, Guideline, Groww, SumUp, Newfront, and Safebooks. Propel is headquartered in the SF Bay Area with a workspace in Jackson Square.
Partner
2019 - 2021
Vice President
2017 - 2019
Senior Associate
2016 - 2017
Seed Investor
2023
Safebooks AI develops a platform for enterprises to automate the quality verification of financial data.
Raised $7,000,000.00 from Mensch Capital Partners and Insight Partners.
Series A Investor
2021
Series A Investor
2022
Seed Investor
2017
Newfront is an insurance company that provides risk control, risk analytics, and benchmarking claims advocacy.
Raised $310,000,000.00 from Y Combinator, Bloomberg Beta, Altai Ventures, Susa Ventures, B Capital, Vetamer, Founders Fund, Tony Xu, PruVen Capital and Stack Capital.
Series A Investor
2018
Series C Investor
2014
Nasdaq direct listing, April 2021
Coinbase Ventures is an investment arm of Coinbase that aims to invest in seed-stage cryptocurrency and blockchain startups.
Investor
2022
Series A Investor
2021
Series A Investor
2017
Merged with Employee Navigator, April 2023
Ease is a benefits administration software designed for small businesses, insurance brokers, and insurance carriers.
Raised $68,600,000.00 from Centana Growth Partners, Spectrum Equity, Propel, Freestyle Capital, Upside Partnership and Compound.