Propeller Industries Receives Equity Investment From Newlight Partners

propeller accounting

Propeller Industries is a leading strategic finance and accounting partner for venture-stage businesses. Propeller has U.S. offices in San Francisco, New York, Los Angeles, Austin, Boulder and Sun Valley, and International offices in Bangalore and Manilla. We are more propeller accounting than just an outsourced CFO and accounting provider; we are a growth partner for our clients. With a best-in-class technology platform and unparalleled data and workflow optimization tools, we give founders the visibility and confidence to make smarter decisions.

propeller accounting

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As a fast-growing venture-stage business, you need an agile partner who can support your evolving needs. Propeller provides comprehensive finance and accounting services to equip you with the team, technology, and tools that enable you to focus on running your company with confidence and clarity. For your business to scale proactively, you need clear, accurate, and updated acounting for startups. In other words, accounting is fundamental to every initiative your company takes.

propeller accounting

Scalable Accounting for Startups with Outsourced Services

  • Propeller’s team of skilled advisors will guide you through budgeting, utilization, cash management, bank lending, and more – so you can serve your clients, lead your talent and manage your business with confidence.
  • Newlight has approximately $4 billion in capital commitments and assets under management.
  • Newlight Partners LP is a private investment firm focused on collaborating with management teams and strategic investors to build unique, durable businesses, predominantly in North America.
  • With our collaborative team approach, knowledge sharing across the organization, and access to proprietary data, you’ll gain valuable insights and tools to enhance your skills.
  • Propeller’s 350+ full-time professionals on three continents are proud to be considered the premier finance and accounting partner to many of the most iconic emerging companies across the CPG, DTC, Technology, Crypto, and Professional Services industries.

If you share our passion for helping great entrepreneurs build great companies, we want to hear from you. We believe that you deserve a financial partner as ambitious and innovative as you are. That’s why https://www.bookstime.com/ we created a culture that attracts and develops the best and the brightest in the business. We look for individuals who share our values and passion for helping entrepreneurs bring their vision to life.

propeller accounting

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  • Years of financial experience mixed with formal education and training allow our staff to budget and guide our clientele on sound fiscal policies.
  • This includes unicorns and exited alumni such as Casper, Away, Hims, Sir Kensington’s, Krave Jerky, Giphy and Braze as well as emerging clients such as Haus, Super Coffee, The Farmer’s Dog, 15Five and Citizen.
  • I started my career in consulting before a detour into an entrepreneurial venture inspired me to choose a different path.
  • How is the current state of the economy playing into startup cash flow…
  • If you share our passion for helping great entrepreneurs build great companies, we want to hear from you.
  • In 2020, we partnered with Newlight Partners for a growth equity investment to help us accelerate faster and bring more tech-enablement to the company to unlock our full potential.

“Many of Propeller’s clients have grown into some of today’s most well-known venture capital-backed businesses. Our service is anchored by a best-in-class technology platform, coupled with unparalleled data and workflow optimization tools, giving you the visibility and confidence to make smarter decisions. As our clients raised billions in venture capital, my colleagues and I bootstrapped Propeller through twelve years of rapid, organic growth. We worked to narrow our focus as we methodically integrated learnings from each client experience into our service model, in the belief that Propeller’s work should get better as the firm got bigger. In 2020, we partnered with Newlight Partners for a growth equity investment to help us accelerate faster and bring more tech-enablement to the company to unlock our full potential. I launched Propeller Industries in 2008 as it became clear that cloud software and digital documents would make it feasible to decouple financial work from the physical location of each company.

Years of financial experience mixed with formal education and training allow our staff to budget and guide our clientele on sound fiscal policies. Our accounting system is state-of-the-art and is designed for the multi-faceted New York Marketplace. Our benefits and perks are designed to support the physical, mental, and financial health of our team members (and their families). Propeller’s growth isn’t slowing down, which means there are ample ways to advance within the company.

  • We focus on retaining our extraordinary talent by providing career growth opportunities through coaching, mentorship, and training programs.
  • Propeller Industries is not licensed by the state of California and the accounting services being offered do not require a state license.
  • We are more than just an outsourced CFO and accounting provider; we are a growth partner for our clients.
  • Propeller provides comprehensive finance and accounting services to equip you with the team, technology, and tools that enable you to focus on running your company with confidence and clarity.
  • He received his Enrolled Agent license from the IRS on June 14th, 2003 and this has given him the ability to help their clients with any tax issues that might arise with the IRS and state agencies.

Chief Financial Officer & Technology Practice Area Lead

propeller accounting

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