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The Venture Codex

Progressive VC

636 Waverley Street, Palo Alto, California, 94301, United States

Overview

Progressive Ventures is an early-stage venture firm focused on early-stage B2B AI companies​. The company is dedicated to fueling the next wave of AI innovation in enterprises.

Total investments
2
Lead investments
0
Investments · 12mo
2
Active investors
2

Sector focus

  • Artificial Intelligence (AI)
  • B2B
  • SaaS
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Investment portfolio

  • Crimson

    Participated · Seed · May 2026

    Crimson offers a case intelligence platform that draws on case files to analyze evidence, answer questions about cases and assist users with drafting documents. The platform includes case management features, tools to assess discrepancies in factual allegations, and integrations with iManage, NetDocuments, OneDrive, SharePoint and Outlook. The company plans to expand in the U.S., opening a New York office to support that growth. Crimson was founded in 2025 and is led by co-founders Mark Feldner (CEO) and David Strömbäck (CTO). The startup participated in Y Combinator’s spring 2025 cohort and is part of Fuse, A&O Shearman’s legal tech incubator. Financially, Crimson announced a $2.5 million seed round to fund product, engineering, customer-team growth and deeper integrations with law firm systems.

  • Leadbay

    Participated · Seed · May 2026

    Leadbay offers a solution for sales teams to find and target companies with zero or minimal digital footprints. The company is YC-backed, as noted in coverage of its recent fundraise. Public reporting focused on its pitch deck and the $4.2M raise rather than product technicals or go-to-market metrics. The articles did not provide information on revenue, user counts, founding year, location, or detailed future plans. No additional operating or financial metrics were disclosed in the coverage.

Team