Progression Fund
525 Mandana Blvd, Apt 102, Oakland, CALIFORNIA, 94610, United States
Overview
We invest along generational themes from Gen Alpha, Gen Z, Millennials onwards & follow that behavior as it evolves over time. We believe that human behavior is constantly evolving due to generational shifts and technology adoption. Recent historical events have accelerated behavior changes amongst different generational cohorts in very different ways. We bring product, growth, and venture experience to early stage startups that are building solutions to meet these changes.
- Total investments
- 14
- Lead investments
- 2
- Investments · 12mo
- 1
- Active investors
- 1
Investment portfolio
- Procode AI
Participated · Equity · Mar 2026
Founded in 2024 and headquartered in Los Angeles, Procode builds AI-driven billing infrastructure for private practice surgeons and acquired The Auctus Group to serve plastic surgery and dermatology providers. The company says it serves more than 350 providers through that acquisition and bills on contingency, taking fees only when clients are paid. Procode published a peer-reviewed study reporting its fine-tuned hybrid LLM achieved 86.7% overall coding accuracy versus 42.5% for human auditors and 35.8% for the best general-purpose LLM. Its product suite includes AI coding, an operating system for billing teams, and a provider-facing app with real-time financial data. Following the Series A, Procode plans to use proceeds to complete two additional acquisitions and expand into all surgical specialties and ASC billing. The company has raised $14 million in total venture funding to date.
- Bono
Led · Seed · May 2025
Bono connects users with vetted U.S. charities and automates monthly giving plans that start at $5 per month, with an average donor contribution around $20 and some donors giving over $1,000 monthly. The product includes a mobile app (iOS and Android) and weekly impact reports showing how donations translate into meals, sessions, and other outcomes. Bono has expanded its catalog from an initial 100 charities to all 1.5 million registered U.S. nonprofits that meet its standards (ratings above 8.5 on sites like Charity Navigator and GuideStar plus strong social presence). The company also runs creator partnerships (flat-fee, affiliate revenue share, and donated-commission models) and currently has more than a dozen creator partners. Founders Dan Eblagon and Ron Levy say the company will use new funding to enhance the user experience and finish an AI-powered chatbot that is in pilot and expected to launch publicly by September. Bono soft-launched in December to respond to the Los Angeles wildfires and emphasizes vetting and impact transparency as core differentiators.
- Terminal 3
Participated · Seed · Apr 2025
Terminal 3 builds data infrastructure for a decentralized future, leveraging blockchain and privacy-enhancing technologies to enable secure, self-sovereign storage and fully private access. Its platform focuses on decentralized identity and credentials for enterprises across banking, government credentials, social media, and marketing. The company uses technologies such as zero-knowledge cryptography and recently announced an authentication and authorization platform for AI agents. Terminal 3 plans to launch a novel data privacy and security protocol later in the year and to accelerate adoption of its enterprise solutions. The company already serves nearly 8 million users across multiple blockchains and industries. The founders are former executives with experience at companies including Google, Spotify, Microsoft, and Uber, and previously led digital transformation at the South China Morning Post. Terminal 3 is a Hong Kong-based Web3 startup building a platform that combines decentralized storage and zero-knowledge proofs. The company says its technology aims to empower an equitable Web3 where user data is freely composable while remaining private and secure. It was co-founded by Gary Liu alongside Malcolm Ong (CPO) and Joey Liu (COO). Terminal 3 raised a pre-seed funding round of undisclosed amount. Backers named in the announcement include 500 Global, CMCC Global, Consensys Mesh, Bixin Ventures, BlackPine, DWeb3, Hard Yaka, Bored Room Ventures, Mozaik Capital, and others. The company intends to use the funds to continue to build its platform.
- Drip Labs
Participated · Seed · Sep 2024
DRiP builds a collectibles app that enables creators to release and distribute limited-edition art, music, videos, comics, and games to their fans. The platform is built to operate on the Solana blockchain. DRiP provides creators a distribution channel for NFT content and limited-edition drops. The company raised $8 million in seed funding and plans to use the capital to expand operations and accelerate development. The product focus is on creator-driven collectible content and fan distribution.
- Atmosfy
Participated · Seed · Aug 2023
Atmosfy is a short-form video app for discovering restaurants, nightlife, hotels and other local businesses. It aggregates authentic, in-the-moment user videos and lets people filter by hashtag, distance, cuisine, price and more to convey a location's atmosphere. Launched in 2021, the app has video content from more than 10,000 cities across over 150 countries and its team currently numbers 13 people. Founder Michael Ebel, a former Air Force captain and ex-Meta program manager, built Atmosfy to help local businesses attract traffic with authentic customer video. The company plans to invest in its technology and personalization features, expand its product categories and grow engineering, marketing and customer support headcount. Atmosfy intends to heavily invest in AI to improve personalization, curation and recommendations.
Team
MT Le
Partner