Propy, Inc. announced that it will issue 1,484,541 series seed-1 preferred shares at issue price of $1.010412 per share for the gross proceeds $1,499,998.040892 and 248,670 series seed-2 preferred shares at issue price of $0.80833 per share for the gross proceeds $201,007.4211 in funding on September 2, 2020. The transaction was led by Draper Associates VI, L.P. a fund managed by Draper Associates. The shares will be convertible in common shares at a price of $1.010412 and $0.80833 per share respectively. The company will issue securities pursuant to exemption provided under Regulation D. The minimum investment accepted from any outside investor is $100,000.