Search company, investor...

Predict your next investment

Venture Capital
progressventures.com

Investments

23

Portfolio Exits

4

Funds

4

About Progress Ventures

Progress Ventures focuses exclusively on the burgeoning markets in media and marketing technology. We partner with experienced entrepreneurs and commit capital to promising start-ups seeking to become active and integral pieces of the digital advertising and content ecosystem.

Headquarters Location

50 Milk Street 16th Floor

Boston, Massachusetts, 02109,

United States

978-394-5574

Want to inform investors similar to Progress Ventures about your company?

Submit your Analyst Briefing to get in front of investors, customers, and partners on CB Insights’ platform.

Latest Progress Ventures News

Tracer_raises_$181m_in_Series_A_funding

Aug 15, 2023

US – Data intelligence platform provider Tracer has closed an $18.1m Series A funding round led by NewRoad Capital Partners, Progress Ventures and BDMI, part of Bertelsmann Investments. The funding will be used to help expand Tracer’s services, with S4S Ventures and Arbour Way Investors also participating in the Series A funding round. Following the closure of the funding round, John Sheehy, operating partner at NewRoad Capital Partners, will join Tracer’s board of directors. Adriaan Zur Muhlen, managing partner at Progress Ventures, Sanja Partalo, co-founder and managing partner at S4S Ventures and Keith Titan, partner at BDMI, have also joined Tracer’s board. Tracer, which has offices in London and New York, was incubated out of VaynerMedia in 2015 by co-founders Jeffrey Nicholson and Leighton Welch, with Tracer becoming an independent company in 2021 with the two serving as chief executive and chief technology officer, respectively. Nicholson said: “In a challenging funding and growth landscape, we are humbled by the confidence our investors have in our potential. “This oversubscribed round is a testament to the value we’ve proven our platform can deliver, and we look forward to working with John [Sheehy], our board and the industry giants who have joined as investors to catapult Tracer forward.”

Progress Ventures Investments

23 Investments

Progress Ventures has made 23 investments. Their latest investment was in Tracer as part of their Series A - II on August 8, 2023.

CBI Logo

Progress Ventures Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

8/10/2023

Series A - II

Tracer

$18.1M

No

2

2/13/2023

Series A

Tracer

$9M

Yes

3

7/26/2022

Series C

Sovrn

$36M

Yes

4

6/13/2022

Series A - II

Subscribe to see more

$99M

Subscribe to see more

10

6/30/2021

Series A - II

Subscribe to see more

$99M

Subscribe to see more

10

Date

8/10/2023

2/13/2023

7/26/2022

6/13/2022

6/30/2021

Round

Series A - II

Series A

Series C

Series A - II

Series A - II

Company

Tracer

Tracer

Sovrn

Subscribe to see more

Subscribe to see more

Amount

$18.1M

$9M

$36M

$99M

$99M

New?

No

Yes

Yes

Subscribe to see more

Subscribe to see more

Co-Investors

Sources

2

3

4

10

10

Progress Ventures Portfolio Exits

4 Portfolio Exits

Progress Ventures has 4 portfolio exits. Their latest portfolio exit was Disruptel on November 04, 2022.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

11/4/2022

Acquired

$99M

8

10/1/2020

Acquired

Subscribe to see more

$99M

Subscribe to see more

10

2/7/2020

Acquired

Subscribe to see more

$99M

Subscribe to see more

10

8/31/2017

Acq - Fin

Subscribe to see more

$99M

Subscribe to see more

10

Date

11/4/2022

10/1/2020

2/7/2020

8/31/2017

Exit

Acquired

Acquired

Acquired

Acq - Fin

Companies

Subscribe to see more

Subscribe to see more

Subscribe to see more

Valuation

$99M

$99M

$99M

$99M

Acquirer

Subscribe to see more

Subscribe to see more

Subscribe to see more

Sources

8

10

10

10

Progress Ventures Fund History

4 Fund Histories

Progress Ventures has 4 funds, including Progress Ventures Fund 4.

Closing Date

Fund

Fund Type

Status

Amount

Sources

3/4/2021

Progress Ventures Fund 4

$28M

2

10/20/2015

Progress Ventures Fund III

Subscribe to see more

Subscribe to see more

$99M

10

12/31/2013

Progress Ventures Fund II

Subscribe to see more

Subscribe to see more

10

TWG Media Fund

Subscribe to see more

Subscribe to see more

10

Closing Date

3/4/2021

10/20/2015

12/31/2013

Fund

Progress Ventures Fund 4

Progress Ventures Fund III

Progress Ventures Fund II

TWG Media Fund

Fund Type

Subscribe to see more

Subscribe to see more

Subscribe to see more

Status

Subscribe to see more

Subscribe to see more

Subscribe to see more

Amount

$28M

$99M

Sources

2

10

10

10

Progress Ventures Team

7 Team Members

Progress Ventures has 7 team members, including current Chief Financial Officer, charlie Bridge.

Name

Work History

Title

Status

charlie Bridge

Chief Financial Officer

Current

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Name

charlie Bridge

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Work History

Title

Chief Financial Officer

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Status

Current

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Discover the right solution for your team

The CB Insights tech market intelligence platform analyzes millions of data points on vendors, products, partnerships, and patents to help your team find their next technology solution.

Join a demo

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.