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The Venture Codex

Progression Fund

525 Mandana Blvd, Apt 102, Oakland, CALIFORNIA, 94610, United States

Overview

Investment fund focusing on generational behavior and early-stage startups.

Founded

2020

Deals · 12mo

1

Links

WebsiteLinkedIn

Stage focus

Seed
Series A

Geographic focus

Hong Kong
United Kingdom
United States

Sector focus

—

Investment portfolio

14rounds
NAMEDATESIZE
Procode AI
Mar 2026Participated
$4 MOther Equity
Bono
May 2025Led
$2 MSeed
Terminal 3
Apr 2025Participated
$8 MSeed
Drip Labs
Sep 2024Participated
$8 MSeed
Atmosfy
Aug 2023Participated
$12 MSeed
Proxima
Jun 2023Participated
$2 MSeed
9 Count
Aug 2022Participated
$6 MSeries A
Based
Aug 2022Led
$4 MSeed
Omeda Studios
Jul 2022Participated
$20 MSeries A
Sizzle
May 2022Participated
$5 MSeed
Fiveable
Sep 2021Participated
$10 MSeries A
Grow Credit
Sep 2021Participated
$106 MDebt
Procode AI
Mar 2026Participated
$4 MOther Equity
Bono
May 2025Led
$2 MSeed
Terminal 3
Apr 2025Participated
$8 MSeed
Drip Labs
Sep 2024Participated
$8 MSeed
Atmosfy
Aug 2023Participated
$12 MSeed
Proxima
Jun 2023Participated
$2 MSeed
9 Count
Aug 2022Participated
$6 MSeries A
Based
Aug 2022Led
$4 MSeed
Omeda Studios
Jul 2022Participated
$20 MSeries A
Sizzle
May 2022Participated
$5 MSeed
Fiveable
Sep 2021Participated
$10 MSeries A
Grow Credit
Sep 2021Participated
$106 MDebt
14
Items
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Insights

Time horizon

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Deal Distribution

Progression Fund: 14 funding rounds are recorded in the selected participation categories.All available history.
Progression Fund: 14 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed26
Series A03
Other Equity02
Debt01

Monthly Deal Activity

Progression Fund: 14 deals are recorded across 74 months.All available history.
Progression Fund: 14 deals are recorded across 74 months. All available history
MonthDeals
Sep '201
Oct '200
Nov '200
Dec '200
Jan '210
Feb '211
Mar '210
Apr '210
May '210
Jun '210
Jul '210
Aug '210
Sep '212
Oct '210
Nov '210
Dec '210
Jan '220
Feb '220
Mar '220
Apr '220
May '221
Jun '220
Jul '221
Aug '222
Sep '220
Oct '220
Nov '220
Dec '220
Jan '230
Feb '230
Mar '230
Apr '230
May '230
Jun '231
Jul '230
Aug '231
Sep '230
Oct '230
Nov '230
Dec '230
Jan '240
Feb '240
Mar '240
Apr '240
May '240
Jun '240
Jul '240
Aug '240
Sep '241
Oct '240
Nov '240
Dec '240
Jan '250
Feb '250
Mar '250
Apr '251
May '251
Jun '250
Jul '250
Aug '250
Sep '250
Oct '250
Nov '250
Dec '250
Jan '260
Feb '260
Mar '261
Apr '260
May '260
Jun '260
Jul '260
Aug '260
Sep '260
Oct '260

Sector Breakdown

Progression Fund: Enterprise Software is the largest displayed sector by deal count (4 deals).All available history.

A deal can appear in multiple sectors, so sector totals may overlap. Capital represents disclosed total round sizes, not fund cheque sizes.

Progression Fund: Enterprise Software is the largest displayed sector by deal count (4 deals). All available history
SectorDeals
Enterprise Software4
Crypto & Blockchain3
Fintech3
Gaming & eSports3
Networks, Cloud & Communication2
Media & Entertainment2
AI & Machine Learning2
Travel & Hospitality1
Education & Workforce1
Government & Defense1
E-Commerce & Retail1
Hardware & Robotics1
Health & Life Sciences1
Food & Agriculture1
Social & Community Platforms1
Developer Tools1

Deal Size Distribution

Progression Fund: 14 rounds have a disclosed size in the displayed size bands.All available history.

Undisclosed round sizes are excluded. Capital represents total round sizes, not fund cheque sizes.

Progression Fund: 14 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M5
$5M-$10M4
$10M-$25M4
$25M-$50M0
$50M-$100M0
$100M-$250M1
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

Progression Fund: United States has the largest recorded deal count among the displayed regions (11 deals).All available history.

Top 4 of 4 regions; European countries are grouped as Europe.

Progression Fund: United States has the largest recorded deal count among the displayed regions (11 deals). All available history
RegionDeals
United States11
Hong Kong1
Europe1
India1
Progression Fund: 20 co-investors are shown, with Greycroft sharing 2 recorded deals.All available history.

Co-Investors

Bubble size = shared deals

Click a bubble to open that fund in a new tab.

Shows up to 20 co-investors ranked by shared deals. Deals may be shared with multiple funds, so rows overlap. Capital is total round size, not fund cheque size.

Progression Fund: 20 co-investors are shown, with Greycroft sharing 2 recorded deals. All available history
Co-investorShared deals
Greycroft2
Redpoint Ventures2
500 Global1
Abstract Ventures1
Animoca Brands1
Arena Investors1
Artichoke Capital1
Bayview Capital1
BillGO1
BlackPine1
Blue Ridge Bankshares1
Canaan Partners1
CHAP Health Ventures1
Cherubic Ventures1
CMCC Global1
Coinbase Ventures1
Collab+Currency1
Collab+Sesame1
Commerce Ventures1
ConsenSys Mesh1

Investment Strategy

Progression Fund: Led accounts for 14% and participating for 86% of round participation.All available history.
Progression Fund: Led accounts for 14% and participating for 86% of round participation. All available history
CategoryDeals (count)Share (%)
Led214%
Participating1286%
Progression Fund: Single-lead accounts for 100% and co-led for 0% of lead dynamics.All available history.
Progression Fund: Single-lead accounts for 100% and co-led for 0% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead2100%
Co-led00%

Team

MT Le

Partner