Progression Fund
VC / Fund of funds
2020
$8 M
South San Francisco, California, United States
Profile
Progression Fund is a venture capital firm based in San Francisco, California, founded in 2020 by alumni of TikTok and musical.ly. The firm is composed of a small team of professionals who leverage their unique network within the TikTok alumni community to gain access to promising deals. They focus on investing in visionary founders who are building AI-native products that transform consumer and prosumer experiences.
The firm primarily invests in early-stage startups, focusing on pre-seed and seed stages, with occasional Series A investments. Their sector focus includes consumer tech, gaming, VR/AR, and marketplaces. Progression Fund typically writes checks ranging from $100,000 to $1 million. They have a strong presence in the USA, Canada, Europe, and the Asia-Pacific region.
Notable investments by Progression Fund include companies such as Drone Racing League - a professional drone racing circuit, FaZe Clan - an esports and entertainment organization, Popshop Live - a live streaming commerce platform, Perplexity - a business productivity software, and Palmstreet - an information services company.
Industry
Progression Fund Funds
| Name | Type |
|
|
|
Size | AUM | Launch date |
|---|---|---|---|---|---|---|---|
|
Progression Fund I
|
Venture Capital (VC)
|
Consumer Products
Consumer Services (B2C)
Education
Gaming
|
Pre-seed
Seed
|
North America
|
$5-10 m
|
$8 M
|
September 2020
|
|
Progression Fund II
|
Venture Capital (VC)
|
Consumer Products
Digital
Software
AI
Technology
Internet of Things (IoT)
|
Pre-seed
Seed
|
North America
Asia
|
$0-1 m
|
—
|
September 2026
|
Contacts
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