Progress Ventures

Progress Ventures is a Boston-based early-stage venture capital firm with a specialized focus on the advertising technology (AdTech), marketing technology (MarTech), and broader digital media sectors. Established to capitalize on the evolving landscape of digital consumption and advertising, the firm primarily targets companies demonstrating strong product-market fit and recurring revenue models. Their investment thesis centers on disruptive innovations that are reshaping how content is consumed, distributed, and monetized across various digital platforms.

Progress Ventures typically engages with companies at the Seed to Series A stages, often taking a lead or co-lead position in funding rounds. They seek out businesses with compelling technology, scalable business models, and experienced management teams poised for significant growth. The firm is known for its hands-on approach, leveraging its deep industry expertise and network to support portfolio companies through strategic guidance, operational assistance, and access to key industry players. This collaborative model aims to accelerate the development and market penetration of their investments.

Progress Ventures has raised multiple funds, including Progress Ventures Fund II, which closed at $30 million. This capital is deployed into a select number of promising ventures. While specific check sizes can vary based on the stage and needs of the company, initial investments generally range from $500,000 to $2,500,000. These investments are designed to provide the necessary runway for product development, team expansion, and market entry, with the potential for follow-on funding in subsequent rounds as companies achieve milestones.

Progress Ventures has carved out a distinct niche within the venture capital landscape by concentrating exclusively on the dynamic AdTech and digital media space. Their specialized focus allows for a deeper understanding of market trends, competitive landscapes, and technological advancements, positioning them as a strategic partner for entrepreneurs in these sectors. The firm's commitment to early-stage companies underscores its belief in fostering foundational innovation that can drive significant long-term value in the digital economy.