Propeller
QuietBoston, MADeveloper tools & infrastructure, AI & machine learning, Consumer apps & internetLast fund filed July 2022
2 on a current fund
last 24 months
across filed funds
| Vehicle | Filed | Target | Sold to date | Investors |
|---|---|---|---|---|
| Ocean Propeller Fund I | July 2022 | $120M | $59M | 38 |
Amounts are Item 13 as filed: the target is the whole offering, and the amount sold is cumulative across amendments rather than a final close. The filing carries no per-investor amount, so a firm’s own cheque is not recoverable here.
2 partners are named across this firm’s filings, 2 of them on a fund it is deploying now.
| Partner | Activity | Categories | Board seats | Last 24mo |
|---|---|---|---|---|
| Brian Halligan | Quiet | None listed | 0 | 0 |
| Devdutt Yellurkar | Quiet | Developer tools & infrastructure, AI & machine learning, Consumer apps & internet | 8 | 0 |
Activity is filed board seats in the last 24 months: 4+ Active, 2–3 Selective, 1 Slowing, none Quiet. A firm's tier totals its partners, so an active firm may be four partners with one seat each. It undercounts partners who invest without taking a board seat, and filings lag a closing by weeks, so Quiet means the paperwork is quiet, not the person.
Categories of Propeller’s own portfolio companies, based on 8 with a verified or cited source.
Not a filing value: this is Lev’s own classification of each company, one company one vote regardless of how many of Propeller’s partners are named on its board, shown only when we found a specific, checkable source. Companies with no source read as unclassified and are left out of the shares above.
| Firm | Shared boards | Companies |
|---|---|---|
| CRV | 8 | ACCOMPANI, Aviatrix Systems, Gatsby, Kong, SignalFx, Standard Cognition, Symphony Commerce, Wave Accounting |
| Andreessen Horowitz | 1 | SignalFx |
| Bain Capital Ventures | 1 | Symphony Commerce |
| Cervin Ventures | 1 | Aviatrix Systems |
| FirstMark Capital | 1 | Symphony Commerce |
| General Catalyst | 1 | SignalFx |
| Initialized Capital | 1 | Standard Cognition |
| Kleiner Perkins | 1 | Wave Accounting |
A shared board seat: a company where filings name a Propeller partner and a partner at the other firm, both with a clean identity match. Not a claim either firm led or co-led the round, only that both are named on the same board.