United States · Investor

Progress Ventures

Last cheque observed Jun 2015. Silence since then is not evidence of inactivity: our sources miss unannounced rounds.

QuietNew fund $28M, Mar 2021Corporate VC

Pre-seedSeedSeries AAdvertismentAdtechAdvertising

Cheques on record
0%of best year0cheques in 12 months, 10 on record
Since the last cheque4155days00hrs00min00sec
Median round$2.4MRounds led0 of 10Sole investor2 roundsExits1 from the portfolioMostly inUnited States, 100%
Pitch Progress Ventures

Progress Ventures highlights

  1. 01

    10 rounds on record

  2. 02

    Mostly Seed and Series A: 70% of its rounds

  3. 03

    Sole investor in 2 rounds, median $925K

  4. 04

    1 exits from the portfolio

What they do

We’re early-stage, sector-specialized venture investors focused on advertising, commerce, marketing, and media B2B technology companies.From their own website
Type
Corporate VC (from a list, unverified)
Cheque size
Not stated
Stages
Pre-seedSeedSeries ASeries BGrowth
Sectors
AdvertismentAdtechAdvertising
Based in
Boston, United States
Cold pitches
Not stated

The record

Every round we can evidence, newest first10 appearances

  1. 2015

    1 round

  2. Jun
    IRIS.TVSeries A · US$5.3MWith 1 other
  3. 2014

    2 rounds

  4. Jun
    LISNRSeries A · US$3.5MWith 4 others
  5. Feb
    Tru Optik Data CorpSeed · US$250KWith 3 others
  6. 2011

    6 rounds

  7. Dec
    Trust MetricsSeed · US · progressventures.com$500KSole investor
  8. Oct
    LocalResponseSeries B · US · businessinsider.com$5.0MWith 6 others
  9. Oct
    SkywordDebt · US · masshightech.com$1.4MSole investor
  10. Apr
    LocalyticsSeries A · US · techcrunch.com$2.5MWith 4 others
  11. Mar
    Simpli.fiSeed · US · launchdfw.com$2.3MWith 1 other
  12. Jan
    CrunchedSeed · US · fis.dowjones.com$1.4MWith 5 others
  13. 2010

    1 round

  14. Nov
    GatherSeries E · US · techcrunch.com$2.4MWith 3 others

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

The team

Named by the firm itself, on a filing, its Form ADV or its company registration5 named

AZAdriaan Zur MuhlenManaging member of the General PartneriFiling they signed
CLChris LeggManaging member of the General PartneriFiling they signed
NMNick MacShaneManaging member of the General PartneriFiling they signed
RGRick GallagherManaging member of the General PartneriFiling they signed
STSam ThompsonManaging member of the General PartneriFiling they signed

We also hold 6 people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.

What they claim to have backed

Weaker than a round we watched, stronger than a list somebody sold us. A firm is far less willing to put a company on its own site that it never funded.

Exits from the portfolio

Companies it backed that were later bought or listed1 in all

CrunchedBought by ClearSlideUndisclosedJul 2013

An exit counts when it came after the firm's first round in the company. From historical deal records.

Quick answers about Progress Ventures

What does Progress Ventures invest in?

Progress Ventures invests most often at Seed and Series A (70% of the rounds on record), in sectors such as Advertisment, Adtech and Advertising.

How active is Progress Ventures?

10 investments on record, 0 of them in the last 12 months. The most recent was in Jun 2015.

How big are Progress Ventures's cheques?

The median round it joins is $2.4M.

Does Progress Ventures lead rounds?

Rarely, if at all: none of its 10 investments on record names it as the lead.

Where does Progress Ventures invest?

Most of the companies it backs are in the United States (100%).

Is Progress Ventures investing now?

No investments in the last 12 months; the latest was in Jun 2015.

What kind of investor is Progress Ventures?

Progress Ventures is a corporate VC based in Boston, United States.

Has Progress Ventures raised a new fund?

Its latest fund filing with the SEC was in Mar 2021, reporting $28M raised.

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Built from the rounds we watched, its filings and its own website, refreshed every night. How we count · Report a correction · Is this your firm? Claim it