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
Progression Fund Funds
| Name | Type |
|
|
|
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
Instant access on the web. Plans from $129/month — see pricing.