Funding and Acquisitions Roundup: Co-founded by a Thiel Fellow, Propeller lands $1.25M in Seed funding for its drag-and-drop mobile dev platform
By Brian Kovalesky, StartUp Beat Editor
Today’s early-stage startup funding and acquisitions news:
Propeller, a platform that enables non-developers to build and update mobile apps with a drag-and-drop interface, has raised $1.25 million in Seed funding. Its high-profile investors include Andreessen Horowitz, FF Angel, Menlo Ventures, Foundation Capital, Max Levchin and Ashton Kutcher. Propeller, which is based in San Francisco, was created by Brian Rowen, and Clay Allsopp—a Thiel Fellow from North Carolina who left Berkeley to build his startup. The company was founded last year.
HQ: San Francisco
Year Founded: 2012
Innovation: Drop-and-drop interface for easier and intuitive mobile app creation and updating.
Total Funding: $1.25 million
More funding and acquisitions news…
Tennessee funds new accelerator for agriculture startups (via VentureBeat)
GRP Partners Raises New $200M Fund, Becomes Upfront Ventures (via SoCalTech)
Triea Systems raises $2.2M to fight global warming with chicken poop (exclusive) (via VentureBeat)
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