---
title: "July 2025 Fintech VC Close: Propel Venture Partners Closes $100M Fund V"
description: "San Francisco-based Propel Venture Partners closed Fund V at $100 million on July 11, 2025, bringing total commitments to $436M+ for fintech infrastructure seed investing."
date: 2025-07-11T00:00:00.000Z
tags: ["fund-close", "2026-vc-news", "venture-capital", "startup-funding", "market-analysis"]
source: https://venturecapitaltracker.com/nyc-vc-fund-news-2025-07-11-propel-venture-partners-100m-fund-v
---

# July 2025 Fintech VC Close: Propel Venture Partners Closes $100M Fund V

> San Francisco-based Propel Venture Partners closed Fund V at $100 million on July 11, 2025, bringing total commitments to $436M+ for fintech infrastructure seed investing.

Propel Venture Partners closed **Fund V at $100 million** on July 11, 2025 — a fintech infrastructure seed fund with **$436M+** in total firm commitments.

## Key facts

- **Firm:** Propel Venture Partners
- **Date announced:** July 11, 2025
- **Fund size:** $100 million
- **Total commitments:** $436M+
- **Check size:** $1–4M (pre-seed/seed)
- **Focus:** Fintech infrastructure, modern banking, wealth platforms, crypto infra
- **HQ:** San Francisco
- **GPs:** Jay Reinemann, David Mort
- **Anchor LP:** BBVA (long-term)

## Fund V early portfolio

Five investments including AI-native financial planning, payment processing infrastructure, and energy infrastructure.

## Revenue-scale portfolio

10 companies generating **$100M+ annual revenue** — Coinbase, DocuSign, Guideline, Hippo, Groww, Newfront, Neon.

## Why this matters for NYC fintech

NYC fintech founders (Interchecks, Checker, etc.) often raise Propel-adjacent rounds — Fund V adds fresh dry powder for **fintech infrastructure** at seed, complementing NYC specialists like Work-Bench and NYCA.

## Sources

1. VCWire (July 11, 2025): https://vcwire.tech/2025/07/11/propel-venture-partners-closes-fund-v-at-100m/