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Brooklyn food stamp startup raises $4M from Andreessen Horowitz, Kevin Durant

Propel makes it easier for people to check and manage their EBT balance. It now has some big-name backers.  

As goes the Make It In BK pitch competition, so goes Andreessen Horowitz, as the old Brooklyn tech world saying goes.

Propel, the app for checking and managing SNAP benefits by phone, announced Thursday it raised $4 million in seed funding to grow its product. Joining Andreessen Horowitz in the round was NBA star Kevin Durant’s Durant Company, WinWin Ventures, Financial Solutions Lab, Omidyar Network, Jay Borenstein, and SciFi VC.

Propel comes out of the civic tech incubator Blue Ridge Labs, a part of the Robin Hood Foundation, located in Cobble Hill. Propel’s founder, Jimmy Chen has worked at LinkedIn, and most recently was a product manager at Facebook. We at Brooklyn ranked Propel No. 8 in our 2017 top startups list.

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