# Propeller

Propeller is a Private Equity based in Mountain View, United States.

## Overview

- **Organization type:** Private Equity
- **Headquarters:** Mountain View, United States
- **Region:** North America
- **Address:** Mountain View, CA, United States
- **Founded:** 2022
- **Assets under management:** Undisclosed
- **Website:** www.propellervc.com
- **LinkedIn:** https://www.linkedin.com/company/24979

## Regulatory record

- **Reports private funds:** No

## About

Propeller is a venture fund that invests in climate-tech startups at the ocean-climate nexus. It focuses on early-stage companies developing technologies for emissions reductions, energy innovation, and agricultural advancements. Propeller supports startups in sectors including marine carbon dioxide removal, energy, shipping, transportation, and agricultural innovation, and is based in San Francisco, California.

## Sectors

- ClimateTech
- Energy Transition & Renewables
- Industrial Tech
- Mobility & Transportation
- AgriTech & FoodTech
- Robotics & Automation

## Offices

- Toronto, Canada
- Amman, Jordan
- Amsterdam, Netherlands

## People

- Brian Halligan — General Partner
- Devdutt Yellurkar — General Partner
- Rodrigo Prudencio — Managing Partner
- Steven Fox — Managing Partner
- Reece Pacheco — Partner
- Robert Kittler — Chief Financial Officer
- Melissa Hanson — Operations Leader

## Questions

### What is Propeller's investment focus?

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.

### Who runs investment decisions at Propeller?

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.

### Does Propeller invest in fund commitments or only direct deals?

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.

### What investment stages does Propeller target?

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.

### How does Propeller source deals given its niche focus?

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.

### Which geographies does Propeller invest in?

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.

## Related profiles

- [Propellant Ventures](https://altss.com/profile/propellant-ventures)
- [Propel Venture Partners](https://altss.com/profile/propel-venture-partners)

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Last updated: 2026-06-03T20:00:00.000Z

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