Propel Capital secures 27 MSEK

(Stockholm, a pre-seed fund that is an investment arm of Sting): Has secured 27 MSEK for its new fund from a group of angel investors. “On the angel side, there is incredible power – they don’t operate under the same underlying mechanisms as a VC fund. The customer is themselves, and the hunger to invest is immense,” comments member Emanuel Andersson, CEO of Sting.