Active

Progression Fund

Investor type

Fund of funds

Founded

2020

AUM

$8 M

Location

San Francisco, California, United States

Investment Ticket

$10-50 m

Investment Stage

Seed Series A Series B

Region of investment

North America Europe
Investor profile last updated: 25 August, 2025

Profile

Progression Fund is a venture capital firm based in Los Angeles, California, founded in 2020 by Alex Hofmann and JJ Aguhob. The firm specializes in early-stage investments, particularly in the pre-seed and seed stages, with a focus on consumer-driven sectors such as gaming, entertainment, commerce, wellness, and education. Progression Fund aims to support founders who are creating products that respond to generational changes and technological advancements.

In addition to providing capital, Progression Fund offers strategic guidance to help startups achieve product-market fit and scale effectively. The firm typically invests between $150,000 and $250,000 per deal, with a historical average check size of $1.1 million. Notable investments include companies like Drone Racing League, FaZe Clan, and Popshop Live. The team consists of experienced partners with diverse backgrounds in consumer investment and technology.

Industry

Education Financial Services Fintech Gaming Healthcare Services Media and Entertainment HealthTech Consumer Products Consumer Services (B2C)

Progression Fund Funds

Name Type
Questionare
Industry
Questionare
Stage
Questionare
Region
Size AUM Launch date
Progression Fund I
Venture Capital (VC)
Consumer Products
Consumer Services (B2C)
Education
Gaming
Pre-seed
Seed
North America
$5-10 m
$8 M
September 2020

Contacts

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Investment-team contacts for Progression Fund — including verified work emails and LinkedIn profiles — are available to Private Equity List subscribers.
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FAQs about Progression Fund

Progression Fund operates as a fund of funds. It backs companies at Seed, Series A and Series B, writing tickets of $10-50 m.
Progression Fund is located in San Francisco, California, United States.
Progression Fund was founded in 2020.
Progression Fund invests in companies and startups in Education, Financial Services, Fintech, Gaming, Healthcare Services, Media and Entertainment, HealthTech, Consumer Products, Consumer Services (B2C).
Progression Fund invests in companies and startups in North America, Europe.
Progression Fund invests in companies and startups at Seed, Series A, Series B.
Progression Fund usually invests $10-50 m on average.
Progression Fund has around $8m assets under management.
Progression Fund last fund was created/launched in 2020-09-23
Progression Fund can be reached through its website progression.fund, its LinkedIn page and its X account. Its general enquiries address is info@blockbridge.com. Cold-mailing a general inbox rarely reaches a partner, so Private Equity List also lists the investment-team contacts for Progression Fund — names, roles, verified work emails and LinkedIn profiles — available on a Pro plan from $129/month (see pricing). Contacts are sourced from the firm's website and LinkedIn and re-verified on a rolling cycle. Spot a stale contact, or none at all? Report it — we re-run that firm within 48h and get back to you.
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Private Equity List re-verifies investor profiles on a rolling cycle, pulling from the firm's own website and LinkedIn rather than a one-off import. This profile was last updated on 25 August, 2025. Something out of date here? Report it — we re-run that firm within 48h and get back to you.