# Propel

> Providers app helping low-income Americans manage SNAP/EBT benefits and financial tools.

## Why it is interesting

5M+ monthly users on #1 EBT app; aligns impact and business model for underserved fintech.

## Profile

- **Stage:** growth
- **Status:** private
- **Industries:** generalist-tech
- **Coverage:** full
- **Last updated:** 2026-07-24

## Key facts

- a16z portfolio status: Active
- Seed (2017): $4M led by a16z; Omidyar and Kevin Durant participated (TechCrunch)
- Series B (2022): $50M led by Nyca; Kleiner and a16z re-upped (Medium)

## Investors in our directory

- https://venturecapitaltracker.com/fund/andreessen-horowitz
- https://venturecapitaltracker.com/fund/kleiner-perkins

## Related articles

- https://venturecapitaltracker.com/2026-a16z-hot-portfolio-companies

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Source: https://venturecapitaltracker.com/startup/propel