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Progress Ventures

Founders Nick MacShane Sam Thompson

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Investments

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This summary is composed by our algorithm based on the analysis of the deals. If you think that some of this information is not accurate, please let us know about it and provide any supporting evidences if possible. Such cases will be analyzed by our ML-algorithm and implemented in our database, which will improve this summary.

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Total investments 33
Average round size
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The average size of a deal this fund participated in
$6M
Portfolio companies 27
Rounds per year 2.06
Lead investments 3
Follow on index
info
How often the fund supports its portfolio startups at next rounds
0.18
Exits 7
Key employees 6
Stages of investment
Early Stage Venture
Late Stage Venture
Seed

Areas of investment

  • Advertising
  • Analytics
  • Software
  • Marketing
  • SaaS
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.

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Typical Co-investors
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These funds have a tendency to invest in the following rounds after Progress Ventures:
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Funds with similar focus located in United States:
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Notable deals

CompanyIndustryRound SizeDateInvestorsLocation

ID5

Information Technology
Internet
Marketing
$20M09 Apr 2024 London, England, United Kingdom

Tracer

Analytics
Internet
Marketing
$18M13 Feb 2023 New York, New York, United States

Tenovos

Digital Marketing
Software
Supply Chain Management
$10M20 Nov 2022 New York, New York, United States

Sovrn

Advertising
Analytics
Business/Productivity Software
Marketing
Media and Information Services (B2B)
Publishing
$36M26 Jul 2022 Boulder, Colorado, United States

Veritonic Inc.

Advertising
Analytics
Business/Productivity Software
Market Research
Marketing
Media and Information Services (B2B)
$7M28 Jun 2022 Connecticut, United States

Tenovos

Digital Marketing
Software
Supply Chain Management
$8M30 Jun 2021 New York, New York, United States

Instreamatic

Advertising
Advertising Platforms
Artificial Intelligence
Audio
Digital Marketing
Machine Learning
Speech Recognition
$6M28 Apr 2021 Palo Alto, California, United States

ID5

Information Technology
Internet
Marketing
$6M30 Mar 2021 London, England, United Kingdom

Disruptel

Artificial Intelligence
Computer Vision
Machine Learning
Software
$1M12 Mar 2021 City of Saint Louis, Missouri, United States
News
Tenovos Raises $8M in Series A-1 Funding

– Tenovos is a NYC-based Digital Asset Management (DAM) company for brands to tell stories that matter.
– The company secured an $8m Series A-1 funding round.
– The round was led by Progress Ventures with participation from previous investors including Bertelsmann Digital Media Investments (BDMI), Revel Partners and Dublin Capital and introduces new personal investors including Jeff Lunsford, CEO of Tealium.
– The new investment will be used to accelerate product development and advance the intelligent features of its platform.

Instreamatic Raises $6.1M in Series A Funding

– Instreamatic from Palo Alto provides an end-to-end voice AI platform for managing, measuring and monetizing conversations between brand and consumer.
– The company raised $6.1m in Series A funding.
– The round was led by Progress Ventures, joined by Accomplice and Google Assistant Investments.
– Led by Stas Tushinskiy, CEO, Instreamatic provides a voice AI infrastructure for media, enabling real-time voice conversations between brands and consumers across multiple media verticals.
– The company provides an end-to-end solution for managing, measuring, and monetizing voice-enabled audio and video advertising, including a programmatic ad exchange for assisting clients with advertising sales.

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Total investments 33
Average round size 6M
Rounds per year 2.06
Peak activity year 2011
Lead investments 3
Follow on index 0.18
Exits 7
Group Appearance index 0.70

Latest deals

CompanyIndustryRound SizeDateInvestorsLocation

ID5

Information Technology
Internet
Marketing
$20M09 Apr 2024 London, England, United Kingdom

Tracer

Analytics
Internet
Marketing
$18M13 Feb 2023 New York, New York, United States

Tenovos

Digital Marketing
Software
Supply Chain Management
$10M20 Nov 2022 New York, New York, United States

Sovrn

Advertising
Analytics
Business/Productivity Software
Marketing
Media and Information Services (B2B)
Publishing
$36M26 Jul 2022 Boulder, Colorado, United States

Veritonic Inc.

Advertising
Analytics
Business/Productivity Software
Market Research
Marketing
Media and Information Services (B2B)
$7M28 Jun 2022 Connecticut, United States

Tenovos

Digital Marketing
Software
Supply Chain Management
$8M30 Jun 2021 New York, New York, United States

Instreamatic

Advertising
Advertising Platforms
Artificial Intelligence
Audio
Digital Marketing
Machine Learning
Speech Recognition
$6M28 Apr 2021 Palo Alto, California, United States

ID5

Information Technology
Internet
Marketing
$6M30 Mar 2021 London, England, United Kingdom

Disruptel

Artificial Intelligence
Computer Vision
Machine Learning
Software
$1M12 Mar 2021 City of Saint Louis, Missouri, United States
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