U.S.-based future brands marketing platform Propel announced that it has secured an $18 million Series B round led by venture and growth equity investment firm Norwest Venture Partners.
The proceeds will be used to grow the team, deliver on its expansive product roadmap, and build on its existing customer base.
Previous investors including Cloud Apps Capital Partners, Salesforce Ventures, and Signalfire also participated in this round of funding.
This new round brings Propel’s total capital raised to $28 million. Previously, the company raised $10 million in a Series A round.