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Progression is a venture capital fund established by alumni of TikTok, focusing on early-stage investments in the consumer technology sector. Founded in the United States, the firm has a global investment reach, with strong connections in Asia and Europe. Progression aims to provide initial funding to visionary founders who are developing innovative solutions that enhance consumer experiences.
The firm has built a reputation for its commitment to supporting startups that are reshaping consumer interactions through technology. Progression's investment strategy emphasizes the importance of AI-native products, which are designed to transform everyday consumer experiences. The fund has been actively engaging with the startup ecosystem, highlighting its portfolio companies and their contributions to the consumer technology landscape.
Progression invests primarily in early-stage consumer technology companies, with a particular emphasis on those developing AI-native products. The firm targets pre-seed, seed, and seed-plus stages, providing essential funding to startups that are creating innovative solutions in sectors such as AI gaming, engagement commerce, and digital health. The fund seeks to support founders who are visionary and capable of transforming consumer experiences through technology.
Investment checks are not publicly disclosed, but Progression emphasizes its commitment to early-stage funding. The firm looks for founders who demonstrate creativity and a strong vision for their products. Progression's investment strategy is designed to empower these founders, providing them with the resources and support necessary to succeed in a competitive market.
Progression has invested in a range of companies that are making significant strides in consumer technology. Notable portfolio companies include:
These investments reflect Progression's commitment to backing founders who are reshaping consumer interactions and experiences through technology.
Matt Lee: Investor with a background in consumer technology and venture capital. He has experience working with early-stage startups and focuses on identifying innovative solutions.
Vincent Diallo: Investor specializing in technology investments. Diallo has a strong track record in supporting startups through their growth phases.
JJ Aguhob: Investor with expertise in consumer technology. Aguhob has been involved in various successful funding rounds and has a keen eye for emerging trends.
Tomoya Ogawa: Investor with a focus on AI and technology startups. Ogawa brings valuable insights from his previous roles in the tech industry.
James Veraldi: Investor and portfolio company founder, known for his work in digital health and addressing social disconnection.
To pitch Progression, founders should submit their proposals through the application page at progression.fund. It is recommended to include a clear overview of the business model, market opportunity, and how the product leverages AI to enhance consumer experiences. Founders should expect a response within a reasonable timeframe, although specific timelines are not disclosed.
Progression has been actively engaging with the startup ecosystem, focusing on investments that reshape consumer interactions. Recently, the firm highlighted its notable portfolio companies, including Takuya Goto in AI gaming and Chen Li in engagement commerce. These investments reflect Progression's commitment to supporting innovative solutions in consumer technology.
As of October 2023, Progression continues to seek out early-stage opportunities that align with its investment thesis, particularly in AI-native products that enhance consumer experiences.
What are Progression's investment criteria?
Progression focuses on early-stage consumer technology companies, particularly those developing AI-native products. The firm looks for visionary founders who are creating innovative solutions that enhance consumer experiences.
How can I apply or pitch to Progression?
Founders interested in funding can visit Progression's application page at progression.fund to submit their proposals.
What makes Progression different from other venture capital firms?
Progression is founded by alumni of TikTok, leveraging their industry experience and connections to support early-stage startups in consumer technology. The firm emphasizes AI-native products and transformative consumer experiences.
What is Progression's geographic scope?
Progression has a global investment reach, with a focus on the United States, Europe, and Asia. This allows the firm to tap into diverse markets and innovative startups worldwide.
What is Progression's post-investment involvement like?
Progression actively engages with its portfolio companies, providing support and resources to help them grow. The firm values strong relationships with founders and aims to assist them in navigating challenges.
What is the typical check size for investments?
While specific check sizes are not disclosed, Progression targets early-stage funding, which typically involves smaller investments compared to later-stage rounds.
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