Predict your next investment

Corporation
FINANCIAL | Insurance / Other Insurance
progressive.com

See what CB Insights has to offer

Investments

2

Partners & Customers

10

Service Providers

1

About Progressive

Progressive makes it easy to understand, buy and use auto insurance. Progressive offers choices so consumers can reach it whenever, wherever and however it's most convenient-online at progressive.com, by phone at 1-800-PROGRESSIVE, on a mobile device or in-person with a local agent. Progressive also offers insurance for personal and commercial autos and trucks, motorcycles, boats, recreational vehicles, as well as home insurance through select carriers. It's the fourth largest auto insurer in the country, the largest seller of motorcycle insurance and a leader in commercial auto insurance.

Progressive Headquarter Location

6300 Wilson Mills Road

Cleveland, Ohio, 44143,

United States

855-559-8728

Predict your next investment

The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

Expert Collections containing Progressive

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Find Progressive in 1 Expert Collection, including Fortune 500 Investor list.

F

Fortune 500 Investor list

590 items

This is a collection of investors named in the 2019 Fortune 500 list of companies. All CB Insights profiles for active investment arms of a Fortune 500 company are included.

Progressive Web Traffic

Rank
Page Views per User (PVPU)
Page Views per Million (PVPM)
Reach per Million (RPM)
CBI Logo

Progressive Rank

Research containing Progressive

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned Progressive in 1 CB Insights research brief, most recently on Aug 12, 2020.

Latest Progressive News

09:00 ET Immortals and Progressive Insurance℠ Announce Multi-Year League of Legends Naming Rights Deal

Jan 13, 2022

Immortals secures entitlement sponsorship with the Ohio-based Insurance company following a relocation to the Great Lakes Region in Nov '21 News provided by Share this article Share this article DETROIT, Jan. 13, 2022 /PRNewswire/ -- Immortals, a Great Lakes-based gaming and esports organization, and Progressive Insurance, the third largest auto insurer in the country, have officially announced an exclusive, multi-year entitlement agreement. Immortals' League of Legends ("LCS") teams will now compete as "Immortals Progressive." This is the esports organization's first ever LCS naming rights sponsorship; Progressive will also serve as the official insurance sponsor of Immortals. The official Immortals Progressive entitlement announcement video. LCS Roster from left to right: Mo "Revenge" Kaddoura (Top Laner), Andrei "Xerxe" Dragomir (Jungler), Tristan "PowerOfEvil" Schrage (Mid Laner), Jason "WildTurtle" Tran (ADC), and Mitchell "Destiny" Shaw (Support) As part of the announcement, Immortals Progressive revealed its "Northern Lights" themed jerseys and branding that pay homage to the northern lights and Great Lakes Region, home for both Progressive Insurance and Immortals. "Our new branding previews how we intend to integrate visual representations of the Great Lakes Region throughout our merchandise, content and other collateral," said Brad Peters, Immortals Director of Brand. "This jersey design demonstrates how we are breaking the traditional mold of what fans expect to see from esports teams visually." The new jersey design is available for purchase now at store.immortals.gg . In addition, Immortals Progressive will bring a number of entertaining and interactive initiatives to the gaming community in 2022, including: Community Tournaments: Fans will have the opportunity to compete in three community tournaments, all of which will be live streamed on Twitch. LCS talent and influencers will commentate the games on broadcast to drive community engagement and viewership. Progressive Gaming: Progressive will serve as the presenting sponsor of a branded streaming program with 16 streams throughout 2022. Streams will be headlined by Immortals content creator AriaSaki and LCS players, PowerOfEvil, WildTurtle, Revenge, Destiny, and Xerxe. Streams will take place one or more times per month on the talent Twitch channels and will feature custom Progressive banners and chances for viewers to win gaming prizes from Immortals Progressive. We Win, You Win Giveaways: Immortals Progressive will pay it forward through giveaways hosted on the team Twitter after each LCS win. Planned giveaway items include team merch, Riot points and other gaming prizes. Minecraft Activations: Immortals and Progressive will collaborate on building a custom branded digital space in a public Minecraft server where Immortals Progressive will host building contests and custom games for fans, both with gaming-themed prizes. Immortals Progressive looks forward to connecting the Great Lakes Region through community-driven activations, custom gaming content, streams and giveaways, all with the support of a Fortune 500 company. "We look forward to continuing our relationship with Immortals as the team's LCS entitlement sponsor," said Jay VanAntwerp, Media Business Leader at Progressive. "We're excited to work with Immortals throughout the upcoming season to bring fans and members of the gaming community fun and engaging content from the players as well as activations and unique opportunities to interact with the team." The LCS Lock In tournament starts today, January 13th. Viewers can tune in to watch Immortals Progressive compete in their first match Saturday, January 15th on LCS Twitch and YouTube . About Immortals Immortals is a U.S.-based professional esports organization representing the Great Lakes Region, with a mission to serve as the region's gateway to all things gaming. Immortals is dedicated to using gaming as a connective force linking its players, influencers and creators, fans, staff, and the broader gaming community. Immortals competes across multiple premier esports titles, including League of Legends (LCS), VALORANT, and Wild Rift. About Progressive Progressive Insurance℠ makes it easy to understand, buy and use car insurance, home insurance, and other protection needs. Progressive offers choices so consumers can reach us whenever, wherever and however it's most convenient—online at progressive.com, by phone at 1-800-PROGRESSIVE, on a mobile device or in-person with a local agent. Progressive provides insurance for personal and commercial autos and trucks, motorcycles, boats, recreational vehicles, and homes; it is the third largest auto insurer in the country, a leading seller of motorcycle and commercial auto insurance, and one of the top 15 homeowners insurance carriers. Founded in 1937, Progressive continues its long history of offering shopping tools and services that save customers time and money, like Name Your Price®, Snapshot®, and HomeQuote Explorer®. The Common Shares of The Progressive Corporation, the Mayfield Village, Ohio-based holding company, trade publicly atNYSE: PGR. SOURCE Immortals

Progressive Investments

2 Investments

Progressive has made 2 investments. Their latest investment was in Varo Bank as part of their Series D on June 6, 2020.

CBI Logo

Progressive Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

6/3/2020

Series D

Varo Bank

$241M

Yes

14

12/17/2014

Corporate Minority

Subscribe to see more

Subscribe to see more

10

Date

6/3/2020

12/17/2014

Round

Series D

Corporate Minority

Company

Varo Bank

Subscribe to see more

Amount

$241M

New?

Yes

Subscribe to see more

Co-Investors

Sources

14

10

Progressive Acquisitions

1 Acquisition

Progressive acquired 1 company. Their latest acquisition was Protective Insurance on February 16, 2021.

Date

Investment Stage

Companies

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

Total Funding

Note

Sources

2/16/2021

$99M

Acquired

8

Date

2/16/2021

Investment Stage

Companies

Valuation

$99M

Total Funding

Note

Acquired

Sources

8

Progressive Partners & Customers

10 Partners and customers

Progressive has 10 strategic partners and customers. Progressive recently partnered with RealKey on July 7, 2021.

Date

Type

Business Partner

Country

News Snippet

Sources

7/19/2021

Partner

RealKey

United States

1/26/2021

Sponsored

Immortals Gaming Club

United States

Immortals Gaming Club Announces Progressive Insurance as LCS Team Sponsor

Esports company Immortals Gaming Club has secured a partnership agreement with Progressive , making the company the official insurance sponsor of its Immortals-branded LCS team .

6

1/21/2021

Partner

Wendy's Company

United States

Wendy’s, Progressive Beef achieve supply-chain progress

Wendy 's Co. 's began its partnership with Progressive at the end of 2018 .

1

11/12/2020

Partner

SimpleNexus

United States

Subscribe to see more

Subscribe to see more

10

10/15/2020

Partner

StreamLoan

United States

Subscribe to see more

Subscribe to see more

10

Date

7/19/2021

1/26/2021

1/21/2021

11/12/2020

10/15/2020

Type

Partner

Sponsored

Partner

Partner

Partner

Business Partner

RealKey

Immortals Gaming Club

Wendy's Company

SimpleNexus

StreamLoan

Country

United States

United States

United States

United States

United States

News Snippet

Immortals Gaming Club Announces Progressive Insurance as LCS Team Sponsor

Esports company Immortals Gaming Club has secured a partnership agreement with Progressive , making the company the official insurance sponsor of its Immortals-branded LCS team .

Wendy’s, Progressive Beef achieve supply-chain progress

Wendy 's Co. 's began its partnership with Progressive at the end of 2018 .

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Sources

6

1

10

10

Progressive Service Providers

1 Service Provider

Progressive has 1 service provider relationship

Service Provider

Associated Rounds

Provider Type

Service Type

BakerHostetler

Acquired

Other

General Counsel

Service Provider

BakerHostetler

Associated Rounds

Acquired

Provider Type

Other

Service Type

General Counsel

Partnership data by VentureSource

Progressive Team

5 Team Members

Progressive has 5 team members, including current Founder, Chief Executive Officer, President, Dawn McCollough.

Name

Work History

Title

Status

Dawn McCollough

Founder, Chief Executive Officer, President

Current

Richard Watts

President

Former

Raymond M. Voelker

Chief Information Officer

Former

Clark Khayat

Controller

Former

Sue Tyler

Controller

Former

Name

Dawn McCollough

Richard Watts

Raymond M. Voelker

Clark Khayat

Sue Tyler

Work History

Title

Founder, Chief Executive Officer, President

President

Chief Information Officer

Controller

Controller

Status

Current

Former

Former

Former

Former

CB Insights uses Cookies

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.