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Venture Capital
progression.fund

Investments

14

About Progression Fund

Progression Fund is a fund founded by Tik Tok and Musical.ly alumni.

Headquarters Location

Los Angeles, California,

United States

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Latest Progression Fund News

Lumari is a new social sandbox game with cute creatures, building capabilities and more

Jun 2, 2023

Gaming startup Proxima emerged from stealth earlier this week, announcing its funding round as well as its inaugural game, Lumari, a social sandbox adventure game that appears to be a cross between Animal Crossing, Pokémon and Minecraft. The game studio raised $1.6 million in pre-seed funding led by London Venture Partners, with participation from Konvoy Ventures, Progression Fund, Valhalla Ventures, Maveron LLC and Artichoke Capital. The majority of the funding will go toward developing the game, which is still in the early stages. Proxima founder Ran Mo is a former lead product manager at Electronic Arts (EA), and previously worked on The Sims, one of EA’s major video game franchises. The Proxima team is comprised of five veterans of the game industry from Riot, Storm8, Wildlife Studios and Unity. Image Credits: Proxima Although specific details about Lumari are being kept under wraps, Mo told TechCrunch that, similar to other sandbox games, players will be able to visit each other, chat and build things together. The game will also allow players to collect creatures (basically pet companions for players), build a home and habitat, grow a garden and explore an expansive world. Lumari means “creatures of light,” according to Mo. Customization will be a major part of the game, noted Mo, including the ability to customize characters and even the creatures. “Ultimately, we want to build this for people to find their place,” he said. “We think about it as a canvas for people to express themselves and hang out.” As seen in the trailer below, players will also have to fight what looks like purple-colored beings. “Beware, danger lurks across the reaches of this fractured world,” the Lumari website writes . The game isn’t expected to launch for another two years or longer, Mo revealed. On June 15, Lumari is having its first community playtest, which will end on July 15. Players can sign-up at playlumari.com . At this time, the playtest will be single-player and users must have a Windows PC to participate. When Lumari officially launches, it’ll be available on more devices.

Progression Fund Investments

14 Investments

Progression Fund has made 14 investments. Their latest investment was in Proxima as part of their Pre-Seed on May 5, 2023.

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Progression Fund Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

5/30/2023

Pre-Seed

Proxima

$1.6M

Yes

1

9/13/2022

Seed VC

Flavrs

$7M

Yes

5

8/23/2022

Series A - II

9count

$6M

Yes

1

8/3/2022

Pre-Seed

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$99M

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10

7/13/2022

Unattributed VC

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$99M

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10

Date

5/30/2023

9/13/2022

8/23/2022

8/3/2022

7/13/2022

Round

Pre-Seed

Seed VC

Series A - II

Pre-Seed

Unattributed VC

Company

Proxima

Flavrs

9count

Subscribe to see more

Subscribe to see more

Amount

$1.6M

$7M

$6M

$99M

$99M

New?

Yes

Yes

Yes

Subscribe to see more

Subscribe to see more

Co-Investors

Sources

1

5

1

10

10

Progression Fund Team

1 Team Member

Progression Fund has 1 team member, including current Founding Partner, JJ Aguhob.

Name

Work History

Title

Status

JJ Aguhob

Founding Partner

Current

Name

JJ Aguhob

Work History

Title

Founding Partner

Status

Current

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