About Progression Fund
Progression Fund is a venture capital firm located in San Francisco, United States. As of Mar 2026, Progression Fund is an active investor, having invested in 48 companies, with 1 new investment in the last 12 months. It primarily invests in Seed round in United States based startups. Its investments are spread across a wide range of sectors from Consumer to High Tech and Enterprise Applications. Most recently it participated in the $***** Series A round of TryProCode Overall, Progression Fund portfolio has seen 1 unicorn and 4 acquisitions including key companies like Dapper Labs, FaZe Clan and flavrs. A lot of funds co-invest with Progression Fund, with names like GFR Fund sharing a substantial percentage of its portfolio. Progression Fund has team of 12 people including 5 partners.Key Metrics
Team Members
Portfolio Count
Portfolio Locations
Rounds of Entry
Seed, Series A & 1 more
Portfolio Unicorns
Portfolio Soonicorns
Deals in last 12 months
Progression Fund's List of Top Investments
Progression Fund has a portfolio of 48 companies, one of which is a Unicorn. Their most notable investments are in OK Play and Osomprivacy.Their portfolio spans across United States, Canada, United Kingdom and 4 more locations. They have invested in Consumer, High Tech, Enterprise Applications and 20 other sectors, across stages such as Seed, Series A and 1 more. Here is the list of top investments by Progression Fund:1. Dapper Labs
Blockchain-based games developer for PC and console. It has built Cryptokitties, a blockchain-based game that allows users to collect and breed digital cats. It has also developed KittyVerse, which allows users to build and play third-party games.
Key facts about Dapper Labs
- Founded Year: 2018
- Location: Vancouver (Canada)
- Valuation: $*****
- Stage: Series D
- Total Funding till date: $666M
- Employee Count: 151 as on Sep 30, 2026
- Investors: Rising Tide Fund, Graph Ventures and 128 Others
- Latest Funding Round: Series D, May 23, 2022, $*****
- Highlight: Editors' Pick
2. FaZe Clan
Provider of esports teams, competitive gaming, entertainment, and lifestyle branded merchandise. The organization fields teams across multiple competitive titles, consistently battling for championships. It maintains standards for competitive excellence with top-tier talent and proven leadership. The organization creates content and sells branded merchandise through its online shop.
Key facts about FaZe Clan
- Founded Year: 2010
- Location: Los Angeles (United States)
- Annual Revenue: $25M - $100M as on May 24, 2023
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $40M
- Employee Count: 923 as on Sep 30, 2026
- Investors: MaC Venture Capital, Crown Predator Holdings and 15 Others
- Latest Funding Round: Series A, Aug 19, 2021, $*****
- Highlight: Acquired
3. Sandbox VR
Provider of location-based VR entertainment stations. The featured experiences offered include a VR experience that immerses a group in the hunt for a deranged doctor accused of illegal experiments. It utilizes motion capture cameras, 3Dbody trackers, and bodysuits to provide immersive experiences. The company supports online booking and has also licensed its technology platform to IMAX for its VR Centre in multiple countries.
Key facts about Sandbox VR
- Founded Year: 2016
- Location: Chicago (United States)
- Stage: Series B
- Total Funding till date: $119M
- Employee Count: 517 as on Sep 30, 2026
- Investors: Floodgate, TriplePoint Capital and 35 Others
- Latest Funding Round: Series B, Nov 10, 2021, $*****
- Highlight: Editors' Pick
4. Quinn
Provider of audio content featuring diverse characters and scenarios. The platform offers various categories, including trending audios and original series. It features content voiced by different actors, exploring themes such as relationships and personal experiences. The platform provides a library of audio stories for users to access.
Key facts about Quinn
- Founded Year: 2019
- Location: New York City (United States)
- Stage: Series A
- Total Funding till date: $3.2M
- Employee Count: 75 as on Aug 31, 2026
- Investors: TQ Ventures, Everywhere and 7 Others
- Latest Funding Round: Series A, Oct 25, 2022, $*****
5. Zoomo
Developer of electric bicycles. Its features include electronic locks, GPS tracking, inbuilt alarm systems, integrated lights, fast charging, rear racks and suspensions. They can be purchased or rented through the website, with maintenance and repair services included. It caters to couriers, commuters and corporates.
Key facts about Zoomo
- Founded Year: 2017
- Location: Sydney (Australia)
- Stage: Series B
- Total Funding till date: $100M
- Employee Count: 173 as on Aug 31, 2026
- Investors: Maniv Mobility, Collab Fund and 19 Others
- Latest Funding Round: Series B, Jul 11, 2022, $*****
- Highlight: Editors' Pick
Progression Fund's Year-on-Year Investment Trends
Progression Fund has invested in 48 companies over the last 6 years, with an average of 3 new investments annually in the last 5 years. In 2025, it made 2 investments, while as of Mar 2026, it has made 1 investment in this year. Its most recent first time investment was in TryProCode and most recent follow-on round was in Grow Credit.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 1 | 0 | 1 |
2025 | 2 | 0 | 2 |
2024 | 2 | 0 | 2 |
2023 | 2 | 0 | 2 |
2022 | 7 | 0 | 7 |
2021 | 5 | 1 | 6 |
2020 | 1 | 0 | 1 |
Progression Fund's Investments by Stage
Progression Fund has made 14 investments in Seed stage with an average round size of $4.86M, 5 investments in Series A stage with an average round size of $9.3M and 1 investment in Conventional Debt stage with an average round size of $100M.Stage of entry | No. of Investments |
|---|---|
Seed | 14 |
Series A | 5 |
Conventional Debt | 1 |
Note: We have considered here, only first round of investments
Progression Fund's Investments by Sector
Progression Fund has a diverse portfolio, with companies operating in the Consumer, Media & Entertainment, FinTech, HealthTech and High Tech. Notably, it has invested in 41 Tech companies, 33 Consumer (B2C) companies, 16 Software companies and at least 15 companies focusing on Enterprise (B2B).Sector | No. of Investments |
|---|---|
Consumer | 8 |
Media & Entertainment | 6 |
FinTech | 3 |
HealthTech | 3 |
High Tech | 3 |
Others | 20 |
Note: We have considered here, only first round of investments
Progression Fund's Investments by Geography
Progression Fund has made most investments in United States (16), followed by United Kingdom where it has made 2 investments.Country | No. of Investments |
|---|---|
United States | 16 |
United Kingdom | 2 |
China | 1 |
Guernsey | 1 |
Note: We have considered here, only first round of investments
Progression Fund's recent investments
Progression Fund has made 1 investments in 2026 so far - TryProCode.Here are the most recent investments by Progression Fund:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Mar 02, 2026 | United States | Series A | 2027 | [+1] | |
Apr 30, 2025 | China | Seed | 8417 | [+8] | |
Mar 26, 2025 | United States | Seed | 2190 | [+1] | |
Dec 09, 2024 | United States | Seed | 4606 | [+6] | |
Sep 09, 2024 | United States | Seed | 4598 | [+3] |
Unicorns in Progression Fund's Portfolio
Progression Fund has 1 unicorn in its portfolio - Dapper Labs. The most recent unicorn in their portfolio is Dapper Labs which became a unicorn in 2021, 5 years before Progression Fund first invested in it.Here is a list of unicorns in Progression Fund's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
74 | Blockchain-based games developer for PC and console | 2018 | Vancouver | Series D | mcjcser |
Acquired companies in Progression Fund's Portfolio
4 companies from Progression Fund's portfolio have been acquired. The most recent acquisition was flavrs in Dec 2025 by CookUnity for $*****.Here are Progression Fund's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Dec 18, 2025 | Sep 13, 2022 | Seed | 1420 | |
Apr 08, 2025 | - | - | 8795 | |
Apr 23, 2024 | - | - | 2607 | |
Oct 20, 2023 | - | - | 2862 |
Team profile of Progression Fund
Progression Fund has a team of 12 members including 5 Partners and 2 Principals located in United States and Japan. Progression Fund's team does not sit on the board of any company as of now.Here is a list of top team members in Progression Fund:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Oakland | - | ||
Partner | Los Angeles | - | ||
Partner | Las Vegas | - | - | |
Partner | Japan | - | ||
Partner | San Francisco | - | ||
Principal | Los Angeles | - | - | |
Principal | Portland | - |
Co-investors of Progression Fund
Over the past 6 years, 161 investors have co-invested in Progression Fund's portfolio companies. This includes funds and angels.
- Invested before Progression Fund: 500 Global, CMCC Global and 47 others have invested in rounds before Progression Fund. There is 1 company where 500 Global has invested before Progression Fund and 1 company where CMCC Global has invested before Progression Fund.
- Top Co-investors of Progression Fund: 103 investors entered a company along with Progression Fund. These include investors like GFR Fund (3 companies).
- Invested after Progression Fund: A total of 9 investors have invested in Progression Fund's portfolio after their investments. Top Investors include Plug and Play Tech Center (1 company), NIMH (1 company) and Com2uS (1 company).
Recent News related to Progression Fund
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Procode AI Raises $4M in Funding; Acquires The Auctus GroupFinSMEs•Mar 02, 2026•Progression Fund, Story Ventures, TryProCode
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Terminal 3 Secures US$8M Seed Funding to Scale Privacy Tech in AI EraAiThority•Apr 30, 2025•Terminal 3, Illuminate Financial, Titan, Animoca Brands and 7 others
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Prophetic Secures Seed Funding for National Expansionintelligence360•Apr 11, 2025•Prophetic AI, Entrada Ventures, SilverCircle, Progression Fund
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Mental Health Platform for Asian Americans Anise Health Raises $3M Seed RoundFemtech Insider•Dec 12, 2024•Anise Health, Kicker Ventures, https://authentic-heart.org, Change Paradox Ventures and 5 others
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Solana creator platform DRiP raises $8 million in seed roundThe Block•Sep 09, 2024•Drip, NFX, Coinbase, Progression Fund and 5 others
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Atmosfy raises $12M for its app that lets you discover local businesses through immersive short videosTechStartups.com•Aug 12, 2023•Convivialite Ventures, Redpoint Ventures, Ptc-Holdings, Streamlined Ventures and 5 others
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Atmosfy Raises $12M in Seed FundingFinSMEs•Aug 11, 2023•Atmosfy, Redpoint Ventures, Ptc-Holdings, Streamlined Ventures and 5 others
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Atmosfy, an app that helps you discover local businesses through short-from video, raises $12MTechCrunch+•Aug 09, 2023•Atmosfy, Redpoint Ventures, MotherDuck, Mistral AI and 7 others
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A16Z Backs The Launch Of Shoppable Video App Flavrs With $7 Million Seed FundingForbes•Sep 14, 2022•flavrs, Andreessen Horowitz, Cercano Management, Progression Fund and 1 other
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9count, maker of Wink and new dating app Summer, scores an additional $27.5MTechCrunch+•Aug 23, 2022•9 Count, Wink, Waverley Capital, I2BF Global Ventures and 7 others
