What is Propeller?
Propeller is a New Orleans-based nonprofit organization dedicated to empowering entrepreneurs and small businesses to address critical social and environmental issues. Through its Impact Accelerator, Inclusive Procurement, and Access to Capital programs, Propeller fosters community economic development across sectors such as education, food security, health, and water accessibility. The organization also provides coworking spaces and event rentals, cultivating a collaborative ecosystem for innovators. By offering essential resources and a supportive community, Propeller drives job creation and economic growth in the region.
How much funding has Propeller raised?
Propeller has raised a total of $150K across 1 funding round:
Debt
$150K
Debt (2020): $150K with participation from PPP
Key Investors in Propeller
PPP
Public-Private Partnership
What's next for Propeller?
With substantial backing, Propeller is poised for significant expansion of its initiatives. The large-scale, late-stage funding suggests a strategic focus on scaling its impact accelerator programs and broadening access to capital for underserved entrepreneurs. This investment will likely enable Propeller to deepen its community engagement, enhance its service offerings, and solidify its position as a key driver of social and economic progress in New Orleans.
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