Progress Ventures

Progress Ventures is a venture capital firm specializing in early-stage investments in B2B technology companies within the advertising, marketing, and media sectors. The firm focuses on four key areas of disruptive technology: Data Management, AI & Machine Learning, Measurement & Analytics, and Media Automation. Progress Ventures leverages its extensive network and industry expertise to provide tangible value to portfolio companies, assisting them in navigating market dynamics and accelerating growth. The firm's approach is hands-on, aiming to add value beyond capital by offering strategic guidance and access to a global network of professionals. Progress Ventures has a proven track record of investing in companies that have demonstrated product-market fit, enabling them to scale effectively. The firm's portfolio includes investments in companies such as tvScientific, which raised $25.5 million in a Series B funding round to transform connected TV advertising. Progress Ventures continues to seek innovative companies poised to lead in the digital future, offering both financial support and strategic insights to foster long-term success.

Progress Ventures is headquartered in Boston, Massachusetts, and operates as the venture capital arm of Progress Partners, a boutique M&A advisory firm specializing in the advertising, marketing, and media technology sectors. The firm capitalizes on a network deeply rooted in the industry from nearly two decades of direct involvement. This affiliation allows Progress Ventures to provide comprehensive support to its portfolio companies, including access to a digital media consulting practice, Progress Advisors, and an annual conference, Progress Connect. The firm's investment strategy is proactive, focusing on sourcing opportunities at the cutting edge of advertising, marketing, and media technology. Progress Ventures is committed to building long-term collaborative partnerships with entrepreneurs who have a clear vision for the digital future, aiming to help them scale their businesses and achieve lasting value.

The leadership team at Progress Ventures comprises professionals with decades of experience in the industry. Founding Partners Sam Thompson and Nick MacShane, along with Managing Partner Adriaan Zur Muhlen, bring a wealth of knowledge and a network built on decades of success. The team is dedicated to adding unique perspective and value to portfolio companies, assisting them in solving complex problems, connecting with a global network, discovering top talent, and providing strategic guidance. Progress Ventures' investment philosophy centers on being more than just a source of capital; it aims to be a strategic partner that actively contributes to the growth and success of its portfolio companies. The firm's focus on early-stage investments allows it to work closely with entrepreneurs to build strong foundations for future growth, leveraging its expertise and resources to drive innovation and success in the digital realm.