Berlin-based Propel, an HRtech startup that developed a managed services platform for communities and talent, announced that it has secured €2.5M in a fresh round of funding.
Propel says it will use the funds to expand its community platform, launch new tools to its value stack, and strengthen its ecosystem of communities.
Founded in 2020 by Sunkanmi Ola, Seun Owolabi, and Abel Agoi, Propel offers solutions that tech talent communities (developer groups, talent incubators, training institutions, etc.) can utilize to address last-mile issues such as linking their members to employment opportunities, financial services (loans, asset financing), and other perks and rewards.
Propel provides this ‘value stack’ as a single platform that communities can use to better serve their members.
With offices in Lisbon and Lagos, the company collaborates with over 100+ tech communities in 15 different countries, serving almost 400,000 members.
The communities that make up the Propel ecosystem vary greatly in terms of size, geography, gender distribution, tech stack, etc.
Propel connects to the diverse talent pools within tech communities, stretching across numerous skill sets, from software development to design, data science to no-code, and other digital transformation talents, in return for providing last-mile infrastructure.
This pipeline is made available to multinational corporations under a paradigm referred to as “Community as a Service”.
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