Founded in 2008 in Cambridge, Massachusetts, Progress Ventures invests in early stage business-to-business companies within the media and marketing technology sectors. With a portfolio that includes companies like Tru Optik, Skyword, and IRIS.TV, Progress Ventures leverages its 13-year heritage in investment banking to provide deep industry knowledge, extensive networks, and industry-specific focus. The firm typically invests in rounds with 3-4 participants and deals in the range of $5-10 million. While the fund is less active than other organizations, it has shown increased activity in 2019 and has a preference for startups with 2-3 years of age.