Propeller
About Propeller
Exposure since: 2019
Exposure type: Direct; Indirect (via Blackbird LP interest)
Propeller is a global leader in turnkey 3D drone mapping and data analytics solutions for civil construction and earthworks operations. Its software platform uses drones to simplify data collection and 3D mapping that enables worksites to generate frequent, high-accuracy site surveys. Information created by Propeller's software helps to keep jobs on track with tools to measure and visualise progress throughout the project lifecycle.
Having started out life in Australia, co-founder Rory San Miguel has helped to relocate Propeller to Denver, Colorado as the company continues to grow its presence in the United States and internationally.
"The Propeller secondary we completed with SecondQuarter was quick, hassle-free and straightforward - and it worked really well for us and Propeller. It allowed Startmate to take a little bit of cash off the table and it also provided Propeller with the benefit of a new institutional venture investor with valuable sector expertise and great people behind it. I think the emergence of a specialist in venture secondaries will continue to be hugely valuable for investors like us and other Australian technology companies."
— Michael Batko | Startmate