The company invests in pre-seed startups, with funding from experienced angel investors and the state-owned fund-of-fund Saminvest. Propel Capital only invests in companies accepted to Sting, and the investment size is typically around 40,000 EUR. The firm focuses on fintech, edtech, games, software as a service, web tech, cybersecurity, blockchain, reg tech, marketplaces, artificial intelligence, virtual reality, e-sports, music, fashion, and media sectors. With investments in over 140 startups, Propel Capital is Sweden's most active private pre-seed investor, and business angels often invest directly in its portfolio companies.