RSR advises Propel in Seed Financing Round

RSR has advised Berlin-based HR-tech start-up Propel in its EUR 2.5M seed round. The round was led by Amsterdam-based No Such Ventures with participation from APX (Axel Springer & Porsche), Golden Egg Check and Future of Learning Fund.

Founded by Sunkanmi Ola, Seun Owolabi and Abel Agoi in 2020, Propel builds tools that tech talent communities (developer groups, talent incubators, training schools etc.) use to solve their last-mile problems – like connecting their members to jobs, financial services (loans, asset financing) and other perks and benefits. The capital raised will be invested particularly into launching new tools and deepening its ecosystem of communities.

RSR is a boutique law firm specializing in advising investors and startups in venture capital transactions.

Team RSR: Emanuel Spitzy, Dr. Matthias Rüping