About Progress Ventures
Progress Ventures is a venture capital firm founded in 2008. It is primarily based out of Boston, United States. As of Feb 2025, Progress Ventures has invested in 30 companies. It primarily invests in Series A round in United States based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to Retail and High Tech. Most recently it participated in the $***** Series B round of tvScientific Overall, Progress Ventures portfolio has seen 1 unicorn and 13 acquisitions including key companies like Sovrn, Integral Ad Science and IRIS.TV. A lot of funds co-invest with Progress Ventures, with names like BDMI sharing a substantial percentage of its portfolio. Progress Ventures has team of 79 people including 4 partners.Key Metrics
Team Members
Portfolio Count
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Series A, Seed & 7 more
Portfolio Acquisitions
Portfolio Unicorns
Progress Ventures' List of Top Investments
Progress Ventures has a portfolio of 30 companies, one of which is a Unicorn. Their most notable investments are in Tracer and Tracer.Their portfolio spans across United States, United Kingdom, Israel and 1 more locations. They have invested in Enterprise Applications, Retail, High Tech and 4 other sectors, across stages such as Series A, Seed and 7 more. Here is the list of top investments by Progress Ventures:
1. Sovrn
Platform offering SSP solution. It offers various tools, resources, and services that enable publishers to run ad auctions to monetize sites. It also owns and operates a global Ad Exchange which provides advertisers with a differentiated inventory. The platform provides an ad management solution that offers a report on ad performance.
Key facts about Sovrn
- Founded Year: 2006
- Location: Boulder (United States)
- Stage: Acquired
- Total Funding till date: $99.9M
- Employee Count: 121 as on Jul 31, 2026
- Investors: De Anda Capital, Archer Venture Capital and 15 Others
- Latest Funding Round: Series E, Jul 26, 2022, $*****
- Highlight: Acquired
AI powered ad fraud detection software. The platform analyzes the data to identify anomalies and distinguishes human behavior from bots. It integrates with agencies, ad networks, and DSPs. The solution also covers different aspects of ad fraud, such as identifying anomalies indicating fraud, preventing wasted media spend by blocking threats, and utilizing a multi-layered approach to fraud detection.
Key facts about Integral Ad Science
- Founded Year: 2009
- Location: New York City (United States)
- Annual Revenue: $500M - $1B as on Dec 31, 2024
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $80.8M
- Employee Count: 1,168 as on Jul 31, 2026
- Investors: August Capital, Cross Creek and 11 Others
- Latest Funding Round: Conventional Debt, Jul 31, 2015, $*****
- Highlight: Acquired
3. Outside
Provider of sports, recreation, and fitness and nutrition services. It offers a monthly subscription service called Outside+ for bundled access to several of its websites, use of its mobile application navigation services, online courses, magazines, television production, event discounts, and sports training programs.
Key facts about Outside
- Founded Year: 2017
- Location: Boulder (United States)
- Stage: Series B
- Total Funding till date: $169M
- Employee Count: 796 as on May 31, 2026
- Investors: Progress Ventures, Vector Capital and 6 Others
- Latest Funding Round: Conventional Debt, Aug 04, 2026, $*****
- Highlight: Editors' Pick
4. IRIS.TV
IRIS.TV is an in-stream video recommendation software designed to provide personalized videos to viewers. It uses an algorithm to extract and process video metadata, which allows it to apply complex business rules. It also has an adaptive stream management system that inserts a series of videos into a player and updates that playlist based on user interactions. Also provides analytics of video performance, including locality and demographics data of the viewers who tuned in. Clients include video publishers, video players, and advertising technology companies.
Key facts about IRIS.TV
- Founded Year: 2012
- Location: Los Angeles (United States)
- Stage: Acquired
- Total Funding till date: $25M
- Employee Count: 38 as on Nov 26, 2025
- Investors: Western Technology Investment, ABS Capital and 20 Others
- Latest Funding Round: Series B, Apr 07, 2021, $*****
- Highlight: Acquired
5. Skyword
Content marketing software for businesses. It helps manage keyword lists to improve the search results for content. The platform recommends high-opportunity keywords based on performance factors. The platform allows companies to create, schedule, and publish social posts on Facebook, Twitter, and LinkedIn. The platform streamlines and automates the following critical steps in the content creation process such as writer recruitment and management, content creation and optimization, editorial and review, social promotion, measurement, and analytics.
Key facts about Skyword
- Founded Year: 2010
- Location: Boston (United States)
- Stage: Series C
- Total Funding till date: $59.4M
- Employee Count: 198 as on Jul 31, 2026
- Investors: Cox Media Group, Horizon and 7 Others
- Latest Funding Round: Series C, Jan 13, 2021, $*****
- Highlight: Editors' Pick
Progress Ventures' Year-on-Year Investment Trends
Progress Ventures has invested in 30 companies over the last 16 years, with an average of 1 new investment annually in the last 10 years. In 2025, it made 1 investment. Its most recent first time investment was in tvScientific and most recent follow-on round was in tvScientific.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 0 | 1 | 1 |
2024 | 1 | 1 | 2 |
2023 | 1 | 1 | 2 |
2022 | 2 | 1 | 3 |
2021 | 4 | 1 | 5 |
2020 | 1 | 0 | 1 |
2019 | 0 | 1 | 1 |
Progress Ventures' Investments by Stage
Progress Ventures has made 8 investments in Series A stage with an average round size of $6.75M, 4 investments in Seed stage with an average round size of $2.02M and 2 investments in Series B stage with an average round size of $4.75M.Stage of entry | No. of Investments |
|---|---|
Series A | 8 |
Seed | 4 |
Series B | 2 |
Angel | 1 |
Conventional Debt | 1 |
Others | 4 |
Note: We have considered here, only first round of investments
Progress Ventures' Investments by Sector
Progress Ventures has a diverse portfolio, with companies operating in the Enterprise Applications, High Tech, Consumer, Media & Entertainment and Retail. Notably, it has invested in 30 Tech companies, 29 Enterprise (B2B) companies, 24 Software companies and at least 14 companies focusing on Saas.Sector | No. of Investments |
|---|---|
Enterprise Applications | 19 |
High Tech | 4 |
Consumer | 2 |
Media & Entertainment | 2 |
Retail | 2 |
Others | 4 |
Note: We have considered here, only first round of investments
Progress Ventures' Investments by Geography
Progress Ventures has made most investments in United States (18), followed by Russia where it has made 1 investment.Country | No. of Investments |
|---|---|
United States | 18 |
Russia | 1 |
United Kingdom | 1 |
Note: We have considered here, only first round of investments
Progress Ventures' recent investments
Progress Ventures has not made any investment in 2026 so far.Here are the most recent investments by Progress Ventures:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Feb 05, 2025 | United States | Series B | 5573 | ||
Apr 09, 2024 | United Kingdom | Series B | 5577 | [+5] | |
Feb 28, 2024 | United States | Series A | 4954 | [+5] | |
Aug 10, 2023 | United States | Series A | 3629 | ||
Feb 13, 2023 | United States | Series A | 5017 | [+1] |
Unicorns in Progress Ventures' Portfolio
Progress Ventures has 1 unicorn in its portfolio - MediaMath. The most recent unicorn in their portfolio is MediaMath which became a unicorn in 2018, 3 years after Progress Ventures first invested in it.Here is a list of unicorns in Progress Ventures' portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
59 | Programmatic demand side platform | 2007 | New York City | Series D | xru{gxf |
Acquired companies in Progress Ventures' Portfolio
13 companies from Progress Ventures' portfolio have been acquired. The most recent acquisition was tvScientific in Dec 2025 by Pinterest for $*****.Here are Progress Ventures' portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Dec 11, 2025 | Feb 28, 2024 | Series A | 7778 | |
Sep 24, 2025 | - | - | 7146 | |
Nov 12, 2024 | Jun 17, 2015 | Series A | 4004 | |
Jan 12, 2024 | - | - | 7434 | |
Nov 04, 2022 | Feb 05, 2021 | Seed | 6201 |
Team profile of Progress Ventures
Progress Ventures has a team of 79 members including 4 Partners, 74 Venture Partners and 1 Principal located in United States, United Kingdom and 2 more locations. Progress Ventures' team does not sit on the board of any company as of now.Here is a list of top team members in Progress Ventures:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Boston | - | - | |
Partner | Cambridge | - | - | |
Partner | Marblehead | - | - | |
Partner | Cambridge | - | - | |
Venture Partner | Chicago | - | - | |
Venture Partner | New York City | - | - | |
Venture Partner | Boston | - | - | |
Venture Partner | San Francisco | - | - | |
Venture Partner | Louisville | - | - |
Co-investors of Progress Ventures
Over the past 16 years, 158 investors have co-invested in Progress Ventures's portfolio companies. This includes funds and angels.
- Invested before Progress Ventures: Launchpad Venture Group, Foundry and 58 others have invested in rounds before Progress Ventures. There are 2 companies where Launchpad Venture Group has invested before Progress Ventures and 1 company where Foundry has invested before Progress Ventures.
- Top Co-investors of Progress Ventures: 40 investors entered a company along with Progress Ventures. These include investors like BDMI (4 companies).
- Invested after Progress Ventures: A total of 58 investors have invested in Progress Ventures's portfolio after their investments. Top Investors include Intel Capital (2 companies), NewRoad Capital Partners (2 companies) and TransUnion (2 companies).
Recent News related to Progress Ventures
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tvScientific Raises $25.5M Series B to 10x the CTV Ad Market by Growing Performance TVMartech360•Feb 05, 2025•tvScientific, NewRoad Capital Partners, Roku, Second Alpha and 3 others
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ID5 Announces $20 Million in Series B FundingBusiness Wire•Apr 09, 2024•ID5, TransUnion, S4S Ventures, Progress Ventures and 7 others
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tvScientific Announces $9.4 Million Convertible Note led by S4S Ventures to Accelerate Growth and DevelopmentThe Tech Outlook•Feb 28, 2024•tvScientific, S4S Ventures, BDMI, Progress Ventures and 6 others
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Tracer Closes $18.1M Series A FundingFinSMEs•Aug 11, 2023•Tracer, NewRoad Capital Partners, Progress Ventures, BDMI and 4 others
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Tracer Raises Series A FundingFinSMEs•Jun 16, 2023•Tracer, Progress Ventures, B.D.M. International, Bertelsmann and 2 others
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Sovrn Raises $36M in Series C FundingFinSMEs•Jul 26, 2022•Sovrn, Foundry, Archer Venture Capital, Lexington Partners and 3 others
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Veritonic Announces $7.5 Million Series A Funding Round to Power the Next Phase of Audio Measurement for Brands and PublishersBusiness Wire•Jun 28, 2022•Veritonic, Lavrock Ventures, Progress Ventures, Greycroft and 3 others
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Tenovos Raises $8M in Series A-1 FundingFinSMEs•Jun 30, 2021•Progress Ventures, Dublin Capital Management, BDMI, Revel Partners and 2 others
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Instreamatic Raises $6.1 Million Series a to Scale Interactive Voice AdvertisingAiThority•Apr 27, 2021•Instreamatic, Progress Ventures, Accomplice, Google Developers and 4 others
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ID5 raises US$6 million in Series A fundingAdNews•Mar 30, 2021•ID5, Alliance Entreprendre, Progress Ventures, 360 Capital Partners
