Progress Ventures

Progress Ventures

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Headquarters Location

United States, Cambridge

About

Progress Ventures was established in 2008, and is a well known VC. The primary office of this VC is located in Cambridge. This investor is located in North America, United States.

The fund has no a preferred number of founders for start-ups that it invests in. When a start-up has 2 or 5+ founders, the probability of closing the deal is low. We can highlight the most popular investment areas for this fund, such as Software, Advertising. In addition, there are 8 more industries where it has achieved success. Also, a start-up has to be aged 2-3 years to expect investment from this fund. The country of its establishment and the country of its most frequent investments coincides - United States. Among the most popular portfolio start-ups of the fund, are Skyword, Localytics, IRIS.TV.

The fund typically invests in rounds with 3-4 participants. Along with Progress Ventures, start-ups are often financed by Verizon Ventures, Compound, Acadia Woods Partners as well as 7 other investors. The most common co-investors for the fund are Connecticut Innovations, Allen & Company, AAF Management Ltd.. In subsequent rounds, the fund is usually supported by ff Venture Capital, Polaris Partners, Extreme Venture Partners, out of 3 investors from our database.

The fund was created by Sam Thompson. The overall number of key employees in the fund's team is 5.

The fund usually participates in less than 2 investment rounds per year. Typical investments for this fund are deals in the range of 5 - 10 millions dollars. In real terms, this VC performs 12 percentage points less exits than other funds. Progress Ventures participates, on average, in 4 percentage points less than the average amount of lead investments in other funds. The fund's activity peaked in 2011. Besides, in 2019 the fund was active. We recorded the biggest number of exits for this fund in 2018.

Year Founded

2008

Fund Activity

Operative

Mail Rule [rules by which you can get an email of an interesting for you fund employee, knowing only the name and surname of this employee]

Domain name: progressventures.com; User name format in descending order of probability: first

Group Appearance [how often fund is operating separately from groups with shared interest]

100.0% of cases

Investments per Year [average amount of rounds in which fund participates each year]

1-3

Funds Investing in Previous
Rounds

Verizon Ventures, Compound, Acadia Woods Partners

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