This round of funding will enable the company to accelerate growth and further its mission of transforming the surety industry. The company will use the funds to invest in people, finish its development roadmap, expand its product base, and drastically increase marketing and sales efforts to add agents to the Propeller ecosystem.

Propeller Inc. is a digital MGA equipped with a proprietary instant issue surety bond platform. The platform currently houses nearly 7,000 instant issue surety bonds. Propeller private labels the platform for agencies, allowing agents to either purchase bonds for clients or by empowering clients to purchase bonds directly. Agents are compensated for all purchases via their unique site link.