# Progress Ventures: portfolio, investments and team > Progress Ventures is a corporate vc based in United States. 10 investments on record, latest Jun 2015. Portfolio, stages, co-investors and team. Source: https://millionrounds.com/fund/progress-ventures (Millionrounds; every figure on the page links to its filing or article) United States · [Investor](https://millionrounds.com/investors) # Progress Ventures Last cheque observed Jun 2015. Silence since then is not evidence of inactivity: our sources miss unannounced rounds. Email Quiet New fund $28M, Mar 2021 Corporate VC Pre-seed Seed Series A Advertisment Adtech Advertising Follow Progress Ventures and see its new cheques in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Ffund%2Fprogress-ventures) Cheques on record **0%** of best year **0** **cheques in 12 months**, 10 on record Since the last cheque **4155** days **00** hrs **00** min **00** sec Median round **$2.4M** Rounds led **0 of 10** Sole investor **2 rounds** Exits **1 from the portfolio** Mostly in **United States, 100%** Pitch Progress Ventures ## Progress Ventures highlights - 01 10 rounds on record - 02 Mostly Seed and Series A: 70% of its rounds - 03 Sole investor in 2 rounds, median $925K - 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-seed Seed Series A Series B Growth - **Sectors:** Advertisment Adtech Advertising - **Based in:** Boston, United States - **Cold pitches:** Not stated ## The record Every round we can evidence, newest first **10 appearances** - **2015** 1 round - **Jun** **[IRIS.TV](https://millionrounds.com/company/iris-tv)** Series A · US **$5.3M** With 1 other - **2014** 2 rounds - **Jun** **[LISNR](https://millionrounds.com/company/lisnr)** Series A · US **$3.5M** With 4 others - **Feb** **[Tru Optik Data Corp](https://millionrounds.com/company/tru-optik-data-corp)** Seed · US **$250K** With 3 others - **2011** 6 rounds - **Dec** **[Trust Metrics](https://millionrounds.com/company/trust-metrics)** Seed · US · progressventures.com **$500K** Sole investor - **Oct** **[LocalResponse](https://millionrounds.com/company/localresponse)** Series B · US · businessinsider.com **$5.0M** With 6 others - **Oct** **[Skyword](https://millionrounds.com/company/skyword)** Debt · US · masshightech.com **$1.4M** Sole investor - **Apr** **[Localytics](https://millionrounds.com/company/localytics)** Series A · US · techcrunch.com **$2.5M** With 4 others - **Mar** **[Simpli.fi](https://millionrounds.com/company/simpli-fi)** Seed · US · launchdfw.com **$2.3M** With 1 other - **Jan** **[Crunched](https://millionrounds.com/company/crunched)** Seed · US · fis.dowjones.com **$1.4M** With 5 others - **2010** 1 round - **Nov** **[Gather](https://millionrounds.com/company/gather)** Series E · US · techcrunch.com **$2.4M** With 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 registration **5 named** AZ **Adriaan Zur Muhlen** Managing member of the General Partner i Filing they signed CL **Chris Legg** Managing member of the General Partner i Filing they signed NM **Nick MacShane** Managing member of the General Partner i Filing they signed RG **Rick Gallagher** Managing member of the General Partner i Filing they signed ST **Sam Thompson** Managing member of the General Partner i Filing 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 From their own portfolio page (on their website) **16** of 26 we have independently watched raise [Clinch Campaign management](https://millionrounds.com/company/clinch)[Dstillery Custom AI](https://millionrounds.com/company/dstillery)[ID5 Universal identification](https://millionrounds.com/company/id5)[Instreamatic Conversational voice](https://millionrounds.com/company/instreamatic)[Iris.TV](https://millionrounds.com/company/iris-tv)[LISNR Ultrasonic data-over-sound](https://millionrounds.com/company/lisnr)[Localytics](https://millionrounds.com/company/upland-software)[MediaMath](https://millionrounds.com/company/mediamath)[Pixability](https://millionrounds.com/company/pixability)[SOVRN Platform to](https://millionrounds.com/company/sovrn)[Skyword Content marketing](https://millionrounds.com/company/skyword)[Teikametrics eCommerce marketplace](https://millionrounds.com/company/teikametrics)[Tenovos Digital Asset](https://millionrounds.com/company/tenovos)[Tracer Data intelligence](https://millionrounds.com/company/tracer)[Veritonic Independent audio](https://millionrounds.com/company/veritonic)[tvScientific](https://millionrounds.com/company/tvscientific) Capture Disruptel IAS Integral Ad Science Massive Narrative Data streaming Ordana Wholesale order Outside Qualia Simpli.fi TalkshopLive Live streaming, 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 listed **1 in all** **[Crunched](https://millionrounds.com/company/crunched)** Bought by [ClearSlide](https://millionrounds.com/fund/clearslide) **Undisclosed** Jul 2013 An exit counts when it came after the firm's first round in the company. From historical deal records. New fund on file **$28M** raised in Mar 2021 From its SEC filing, not a journalist: a firm that has just raised has money to deploy. ## The cheque Pre-seed Seed Series A Median round joined **$2.4M** the round, not its cheque Alone, median **$925K** Led 0 of 10 rounds **0%** - **Sole investor:** 2 rounds - **Last cheque:** Jun 2015 - **Exits:** 1 from the portfolio Rounds by stage said on their site - Seed said *4* - Series A said *3* - Debt *1* - Series B said *1* - Series E *1* - Pre-seed said *-* - Growth said *-* Cheques by year Led Joined 2010 2015 **Pitching Progress Ventures?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque. Add to your CRM *→* ## 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. ## Raising now? Find the investors who back rounds like yours, and keep every conversation on one fundraising board. Find similar investorsOpen your CRM Built from the rounds we watched, its filings and its own website, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections?slug=progress-ventures) · [Is this your firm? Claim it](https://millionrounds.com/claim?org=progress-ventures)