Propel is a sponsor group of 5 issuers that PartnerFacts links to one sponsor (shared management entity, similar issuer names, shared people; automatic match from the filings), filing 5 Form D filings between Mar 2016 and Sep 2017.
What this means One team, 5 deal companies, about 1 year of track record in SEC filings. We link the companies because the same people or address appear on their forms — tap "Request a correction" if that is wrong.
Combined reported sold: $4.73M to 73 investors (latest filing per issuer). Industries as reported: Pooled Investment Fund (5). Issuers are based in CA (4), NV (1).
What this means $4.73M raised across the group, about $65K per investor. Amounts come from each company's latest Form D; they are what the sponsor reported, not audited figures.
Principal people: Propel(x) Advisors LLC (4 issuers, executive officer and director, entity), Propel(x), Inc. (3 issuers, executive officer, entity), Johnson Mateo (2 issuers, executive officer), Assure Fund Management II, (1 issuer, director, entity), Fun Assure Fund Management (1 issuer, director, entity) and 1 more.
What this means The person on the most companies is usually the one running the show; their page lists every deal.
Activity: 0 new offerings in the last 12 months; latest filing Sep 26, 2017.
What this means No new raise filed in the past year.
Public records searched: federal courts (CourtListener / RECAP), SEC enforcement releases, state securities regulators (AZ, CA, DE, TX, WA), property records (NYC, FL, IL and TX counties) — none found.
What this means Nothing turned up where we looked (4 sources). That does not prove there is nothing — it means none was found in those sources on that date.
We compared 5 public filings for Propel and found 7 differences, 1 worth asking the sponsor about: 5 Form Ds were filed more than 15 days after the first sale; and more below.
What this means These are differences between the sponsor's own SEC filings — both values, dates and sources are listed in Key records, section 4. Most have ordinary explanations; ask the sponsor.