Progress Ventures

Summary

In 2008 was created Progress Ventures, which is appeared as VC. The company was established in North America in United States. The main department of described VC is located in the Cambridge.

The fund was created by Sam Thompson. The overall number of key employees were 5.

The typical case for the fund is to invest in rounds with 3-4 participants. Despite the Progress Ventures, startups are often financed by Verizon Ventures, Compound, Acadia Woods Partners. The meaningful sponsors for the fund in investment in the same round are Connecticut Innovations, Allen & Company, AAF Management Ltd.. In the next rounds fund is usually obtained by ff Venture Capital, Polaris Partners, Extreme Venture Partners.

The usual things for fund are deals in the range of 5 - 10 millions dollars. The fund is constantly included in less than 2 investment rounds annually. Considering the real fund results, this VC is 12 percentage points less often commits exit comparing to other organizations. The high activity for fund was in 2011. Despite it in 2019 the fund had an activity. This Progress Ventures works on 4 percentage points less the average amount of lead investments comparing to the other organizations. The increased amount of exits for fund were in 2018.

The fund has no exact preference in a number of founders of portfolio startups. When startup sums 2 or 5+ of the founder, the probability for it to get the investment is little. Besides, a startup needs to be aged 2-3 years to get the investment from the fund. For fund there is a match between the location of its establishment and the land of its numerous investments - United States. Among the most popular portfolio startups of the fund, we may highlight Skyword, Localytics, IRIS.TV. We can highlight the next thriving fund investment areas, such as Software, Advertising.