Funding and Acquisitions Roundup: Co-founded by a Thiel Fellow, Propeller lands $1.25M in Seed funding for its drag-and-drop mobile dev platform

By Editor June 28, 2013

By Brian Kovalesky, StartUp Beat Editor

Today’s early-stage startup funding and acquisitions news:

Propeller, a platform that enables non-developers to build and update mobile apps with a drag-and-drop interface, has raised $1.25 million in Seed funding. Its high-profile investors include Andreessen Horowitz, FF Angel, Menlo Ventures, Foundation Capital, Max Levchin and Ashton Kutcher. Propeller, which is based in San Francisco, was created by Brian Rowen, and Clay Allsopp—a Thiel Fellow from North Carolina who left Berkeley to build his startup. The company was founded last year.

Vital Stats:


HQ: San Francisco

Year Founded: 2012

Founders: Brian Rowen, Clay Allsopp

Investors: Andreessen Horowitz, FF Angel, Menlo Ventures, Foundation Capital, Max Levchin, Ashton Kutcher

Innovation: Drop-and-drop interface for easier and intuitive mobile app creation and updating.

Total Funding: $1.25 million

(Sources: Propeller, TechCrunch,

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Insightera raises $6.5M to compete in red-hot digital marketing industry (exclusive) (via VentureBeat)

GRP Partners Raises New $200M Fund, Becomes Upfront Ventures (via SoCalTech)

Triea Systems raises $2.2M to fight global warming with chicken poop (exclusive) (via VentureBeat)

Photo-based social network We Heart It nets $8 million in funding (via TechSpot)

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