Propeller

Propeller invests in early-stage ocean-climate companies. Its portfolio includes floating offshore wind, onboard carbon capture for shipping, autonomous underwater vehicles, maritime automation, and sustainable aquaculture. The firm concentrates on founders building physical or digital infrastructure for marine environments.

Investment decisions are led by Managing Partners Rodrigo Prudencio and Steven Fox, alongside General Partners Brian Halligan and Devdutt Yellurkar. Partner Reece Pacheco also contributes to the investment process. The team combines venture investing experience with operational backgrounds in company building.

Propeller's disclosed activities indicate direct investments into early-stage companies. The firm operates as a direct venture investor, funding founders at the seed and start-up stages. No fund-of-funds or LP commitments have been publicly disclosed.

Propeller targets the earliest stages of company formation, specifically seed and start-up rounds. The firm's mandate is to back bold founders at the inception of ocean-climate innovation, providing capital when commercial traction is nascent and technology risk remains high.

Propeller's sourcing draws on its team's deep ocean-climate networks and domain knowledge. The firm's distributed office model — spanning Silicon Valley, Toronto, Amman, and Amsterdam — provides proximity to coastal innovation hubs and research institutions worldwide. Its narrow mandate signals to scientist-founders that Propeller understands both the technology and the regulatory environments they navigate.

Propeller is structured as a venture capital firm, not a family office. It functions as an asset manager raising external capital to deploy into early-stage ocean-climate companies. The firm's team of managing and general partners operates with a traditional venture fund model rather than a single-family balance sheet.

Propeller invests globally in ocean-climate companies. Its own offices sit in the United States, Canada, Jordan, and the Netherlands, and its portfolio companies operate across coastal and marine environments in North America, Europe, and the Middle East. The firm's mandate is not constrained by a single country.