Progress Ventures

Progress Ventures is a Boston-based early-stage investment fund that focuses on emerging platforms within the media and marketing technology sectors. Established in 2002, the firm targets seed to Series A investments in promising start-ups across North America. By partnering with experienced entrepreneurs, Progress Ventures aims to support companies that aspire to become integral components of the digital marketing and content ecosystem. The firm's investment strategy emphasizes B2B marketing, advertising, and media technology, allowing it to play a significant role in advancing innovative solutions in these fields.

Brett Chatfield

Vice President

Rick Gallagher

CFO and Partner

Christopher Legg

Partner

Nick MacShane

Founding Partner

Adriaan Zur Muhlen

Managing Partner

Sam Thompson

Founding Partner

28 past transactions

Veritonic

Series A in 2022
Veritonic, Inc. is a marketing analytics platform based in New York, specializing in commercial sound and serving the advertising industry. Founded in 2015 by Andrew Eisner and Scott Simonelli, the company provides artificial intelligence-driven metrics and marketing response data to measure, compare, and test various audio elements, including music, voiceovers, jingles, and audio logos. Veritonic's services encompass online testing, analytics, and workflow management, enabling users to make data-driven decisions, measure emotional responses, and gather both qualitative and quantitative insights. The platform facilitates benchmarking of brand progress and allows users to efficiently manage, save, and share audio tracks, thereby enhancing their marketing strategies.

Tenovos

Series A in 2021
Tenovos, Inc. is a company that specializes in an Active Story Management platform designed to enhance the connection between brands and customers through storytelling. Founded in 2018 and based in New York City, the platform helps marketing professionals create, curate, and manage content that informs, inspires, and engages consumers. Key offerings include Story Manager, which provides role-based capabilities for managing assets; Story Streams, facilitating decision-making for asset orchestration; Story Insights, delivering analytics on performance data; and Story Cloud, which integrates enterprise-grade microservices. Tenovos primarily serves consumer brands across various sectors, including consumer packaged goods, retail, media and entertainment, and food and beverage.

ID5

Series A in 2021
ID5 Technology Ltd. develops and operates centralised cross-domain identity (ID) synchronisation platform. Its services for publishers include management of ID synchronisations from a centralised platform, decides which partner can and cannot synchronise cookies on websites, monitors cookies synchronisation rates with partners, and ensure privacy compliance and consent management across ecosystem. The company’s services for data providers include complements existing id sync process or replaces new ones, eliminates ramp-up time to connect to new platforms, and maximizes match rate with existing or new platforms. Its Adtech platforms services include saves bandwidth, processing and storage costs by reducing pixels required to sync with partners, manages relationships with data providers, match tables and data transfer protocols, and eliminates ramp-up and connects to new partners. The company was founded in 2017 and is based in London, United Kingdom.

Disruptel

Funding Round in 2021
Disruptel is a company specializing in visually-aware artificial intelligence that leverages computer vision and natural language processing to understand image and video content. Founded in 2017 and headquartered in St. Louis, Missouri, Disruptel develops a cloud platform that provides a voice-enabled interface for users to interact with on-screen content. This innovative technology allows individuals to ask questions about what they are viewing and facilitates the purchase of products that appear in videos. Disruptel collaborates with streaming services, device manufacturers, and operating systems to enhance customer experiences and streamline access to relevant information.

Blutag

Seed Round in 2021
Blutag Inc., founded in 2015 and based in New York, specializes in providing online applications that facilitate voice shopping experiences for retailers and brands. The company focuses on developing a cloud-based platform that enables retailers to create branded voice assistants without the need for coding. This technology allows consumers to easily search and browse product catalogs using simple voice commands, enhancing the shopping experience. With over 20 years of combined expertise in eCommerce and advanced technology, Blutag aims to help retailers connect with their customers through innovative voice-first solutions.

Tenovos

Series A in 2020
Tenovos, Inc. is a company that specializes in an Active Story Management platform designed to enhance the connection between brands and customers through storytelling. Founded in 2018 and based in New York City, the platform helps marketing professionals create, curate, and manage content that informs, inspires, and engages consumers. Key offerings include Story Manager, which provides role-based capabilities for managing assets; Story Streams, facilitating decision-making for asset orchestration; Story Insights, delivering analytics on performance data; and Story Cloud, which integrates enterprise-grade microservices. Tenovos primarily serves consumer brands across various sectors, including consumer packaged goods, retail, media and entertainment, and food and beverage.

Tru Optik

Venture Round in 2019
Tru Optik Data Corp. is a digital media intelligence company based in Stamford, Connecticut, specializing in audience measurement and data management for the streaming media ecosystem. Founded in 2013, the company offers a comprehensive OTT marketing cloud that enables brand marketers and media companies to measure audience engagement and consumer demand. Tru Optik provides a range of services, including OTT data management, analytics, consumer activation, and measurement solutions. Its patented Household Graph™, which encompasses over 80 million homes, facilitates identity resolution, allowing leading brands, agencies, and media companies to connect with consumers across various platforms, including OTT, streaming audio, and gaming. As of October 1, 2020, Tru Optik operates as a subsidiary of TransUnion, further enhancing its capabilities in the digital marketing landscape.

Blutag

Seed Round in 2019
Blutag Inc., founded in 2015 and based in New York, specializes in providing online applications that facilitate voice shopping experiences for retailers and brands. The company focuses on developing a cloud-based platform that enables retailers to create branded voice assistants without the need for coding. This technology allows consumers to easily search and browse product catalogs using simple voice commands, enhancing the shopping experience. With over 20 years of combined expertise in eCommerce and advanced technology, Blutag aims to help retailers connect with their customers through innovative voice-first solutions.

Skyword

Venture Round in 2018
Skyword moves marketing leaders and those who create content for them forward. By embracing a sustainable, scalable approach to original storytelling, Skyword liberates brands from ineffective marketing practices and inspires them to create deeper connections with their audiences. The Skyword Platform makes it easy to produce, optimize, and promote content at any scale to create meaningful, lasting relationships. Skyword also provides access to a community of thousands of freelance writers and videographers, an editorial team, and program managers who help move clients’ content marketing programs to new levels of creative excellence. Skyword is a privately held company headquartered in Boston, Massachusetts, with offices in Palo Alto, CA, and New York City. The company’s technology center is located in Pittsburgh, PA. Investors include Cox Media Group, Allen & Company, Progress Ventures, and American Public Media Group.

Instreamatic

Seed Round in 2017
An AI-powered Voice Dialogue Marketing platform designed to power interactive, dialog-based advertisements on mobile platforms. The company offers an all-in-one solution with fast and easy integration, providing audio publishers and advertisers with the tools to manage, measure and monetize ad inventory with highly engaging dialog ads.

Tru Optik

Seed Round in 2015
Tru Optik Data Corp. is a digital media intelligence company based in Stamford, Connecticut, specializing in audience measurement and data management for the streaming media ecosystem. Founded in 2013, the company offers a comprehensive OTT marketing cloud that enables brand marketers and media companies to measure audience engagement and consumer demand. Tru Optik provides a range of services, including OTT data management, analytics, consumer activation, and measurement solutions. Its patented Household Graph™, which encompasses over 80 million homes, facilitates identity resolution, allowing leading brands, agencies, and media companies to connect with consumers across various platforms, including OTT, streaming audio, and gaming. As of October 1, 2020, Tru Optik operates as a subsidiary of TransUnion, further enhancing its capabilities in the digital marketing landscape.

Iris.TV

Series A in 2015
Iris.TV, Inc. is a cloud-based video programming platform that specializes in enhancing user engagement and increasing video views for publishers and content owners. Founded in 2009 and headquartered in Los Angeles, the company offers a suite of tools designed to optimize video streaming across various devices. Its core components include Adaptive Stream, which allows for real-time personalized streaming; Asset IQ, which automates data structuring and asset optimization; and IRIS Vision, which provides business intelligence and programming management capabilities. Iris.TV leverages artificial intelligence and machine learning to automate the delivery of personalized content based on audience preferences and behavioral insights. The platform is utilized by leading media and advertising technologies to create improved consumer experiences and drive better business outcomes. Additionally, the company maintains an office in New York City.

CraveLabs

Seed Round in 2014
CraveLabs, Inc., a software company, provides a real-time location intelligence and mobile advertising platform for brands and agencies, retailers, and Fortune 500 media companies. It offers DropIn, a software platform that uses location data to monitor locations and deliver ads at a time, and place when customers are likely to engage. The company’s DropIn delivers hyper-local ad campaigns and helps to reach location-based audiences. CraveLabs, Inc. is based in Boston, Massachusetts.

Pixability

Series B in 2014
Pixability, Inc. is a video advertising software company that specializes in optimizing campaigns across YouTube and Connected TV. Founded in 2008 and headquartered in Boston, Massachusetts, with additional offices in New York, San Francisco, Chicago, and London, Pixability offers a comprehensive cloud-based platform designed to enhance video marketing efforts. Its software includes tools for campaign creation, benchmarking, testing, and optimization, as well as features for channel management and insights into placements, keywords, and competitive dynamics. The company's PixabilityONE platform is specifically designed for running campaigns across various video advertising destinations, while BrandTrack allows marketers to measure brand performance on YouTube. Pixability serves a diverse clientele, including media buyers, agencies, in-house brand teams, and strategic marketers, leveraging data science to improve the effectiveness of complex advertising campaigns.

LISNR

Series A in 2014
LISNR, Inc. specializes in ultrasonic communication technology that enables data transmission over audio signals. Founded in 2012, the company offers various solutions for different ranges of data transfer, including LISNR Point for close range, LISNR Zone for mid-range, and LISNR Radius for long range, along with an Acceptance Device for sending and receiving data. Their innovative platform is utilized by notable clients such as Jaguar Land Rover, Ticketmaster, and Visa, facilitating secure and seamless transactions. LISNR's technology is designed to enhance mobile applications and improve customer interactions across various sectors, including retail and mobility. With a presence in Oakland, California, and Cincinnati, Ohio, LISNR has formed strategic partnerships with major companies like Cisco and AEG, further solidifying its position in the market.

Massive Interactive

Post in 2014
Massive Interactive, Inc. is a software and design services provider specializing in the management and distribution of Internet protocol-based video and media assets in the UK and Australia. The company offers a comprehensive software platform that enables enterprise customers, including telecommunications, media, and content distribution companies, to efficiently manage and deliver video content across a wide range of consumer devices such as smart TVs, smartphones, and set-top boxes. Its product suite includes the Multiscreen Development Kit, which facilitates quick deployment of applications, and the Managed Video Platform, providing end-to-end video management from ingest to playback. Massive Interactive operates on both a subscription and enterprise licensing model, and also offers design and technical services to enhance user engagement. Established in 1996 and headquartered in London, the company has served notable clients such as the BBC, Deutsche Telekom, and various airlines, reflecting its strong presence in the media and technology sectors. Massive Interactive became a subsidiary of Deltatre Limited in 2018.

Capture Higher Ed

Seed Round in 2013
Capture Higher Ed is an enrollment management and marketing firm that assists universities in tracking, analyzing, and reporting on students' real-time behavior. By leveraging demographic, socio-economic, and behavioral data, Capture provides valuable insights aimed at enhancing student recruitment efforts. The company employs a predictive engine to help partner institutions identify the best strategies for attracting prospective students, maximizing engagement during critical decision-making periods. Its proprietary technology, designed specifically for enrollment professionals, offers real-time analytics and data visualization tools, enabling institutions to monitor their recruitment progress and measure the effectiveness of their campaigns. Headquartered in Louisville, Kentucky, Capture Higher Ed has collaborated with nearly 75 higher education institutions nationwide and has been recognized for its rapid growth in the sector.

Trust Metrics

Angel Round in 2011
Trust Metrics is a brand safety planning tool that measures standards for publisher transparency, effectiveness, and quality. Its Trust Management Platform delivers data, technology, and consulting services enabling the industry to solve the misinformation/disinformation crisis. The Trust Management Platform consolidates a growing corpus of raw, statistical, modeled, and judgment data, ranging from publisher reputation and transparency, source quality, brand safety, traffic & circulation, political bias, and mis/disinformation indicators. It was founded in 2009 and is headquartered in New York, New York.

Qualia

Venture Round in 2011
Qualia empowers organizations to deliver seamless consumer experiences across all devices, from intent to conversion. The Qualia Data Intelligence Platform combines its IQ Decision Engine™ with cross-device technology to create a closed-loop, device agnostic, audience insights solution. Trusted by leading brands, agencies and marketing technology providers, Qualia’s cloud-based platform continuously identifies in-market consumers on all of their devices and digital touchpoints, enabling real-time, omni-channel targeting, reach, measurement and attribution. Qualia is led by Kathy Leake, CEO (also co-founder of Dstillery) who is committed to defining the next generation of consumer targeting through data integrity and quality. The company is headquartered in NYC and has offices in Chicago, Irvine, Los Angeles, San Francisco and Atlanta. For additional information, visit www.qualia-media.com

Skyword

Debt Financing in 2011
Skyword moves marketing leaders and those who create content for them forward. By embracing a sustainable, scalable approach to original storytelling, Skyword liberates brands from ineffective marketing practices and inspires them to create deeper connections with their audiences. The Skyword Platform makes it easy to produce, optimize, and promote content at any scale to create meaningful, lasting relationships. Skyword also provides access to a community of thousands of freelance writers and videographers, an editorial team, and program managers who help move clients’ content marketing programs to new levels of creative excellence. Skyword is a privately held company headquartered in Boston, Massachusetts, with offices in Palo Alto, CA, and New York City. The company’s technology center is located in Pittsburgh, PA. Investors include Cox Media Group, Allen & Company, Progress Ventures, and American Public Media Group.

Localytics

Series A in 2011
Localytics is a mobile app analytics and marketing platform that helps businesses enhance their mobile app acquisition, engagement, and retention strategies. It offers a suite of tools that integrate marketing capabilities—such as push notifications, in-app messaging, and email marketing—with robust analytics features. This allows companies to utilize real-time user data for personalized and automated marketing campaigns. Localytics serves over 6,000 apps across more than 2 billion devices, catering to notable clients like Live Nation, HSN, Comcast, and The New York Times. By focusing on mobile and web app engagement, Localytics equips organizations with the insights and tools necessary for improving user interaction and loyalty.

Simpli.fi

Seed Round in 2011
Simpli.fi is an advertising technology company that specializes in local programmatic advertising. Established in 2010, it offers the In.finity™ Programmatic Marketing Platform, which allows marketers to leverage unstructured data for enhanced targeting and optimization in real-time bidding advertising exchanges. This platform enables advertisers to manage their campaigns at a granular level, including targeting, bidding, and reporting on individual data elements. Simpli.fi has experienced significant growth, evidenced by its 242% compound annual growth rate and the successful launch of over 50,000 advertising campaigns. The company's focus on simplifying the digital advertising process positions it as a leader in the programmatic advertising space.

Crunched

Seed Round in 2011
Crunched is an online platform designed for presentations and analytics, primarily aimed at helping business professionals enhance their sales efforts. The platform offers insights into customer behavior, enabling users to identify their most valuable customers and prioritize engagement effectively. Crunched facilitates connections between sales professionals and clients, allowing for real-time monitoring of engagement during meetings. Additionally, it supports collaboration within organizations and streamlines the sales process by reducing the need for data entry. Through these features, Crunched empowers users to close deals more efficiently by providing the necessary tools to understand and respond to customer needs.

Gather

Series E in 2010
Gather is a demand-driven media company. The company is a wholly-owned subsidiary of Skyword, the leader in Search-Driven Media (SDM). The site is powered by content created by Skywriters, who create more than 8,000 pieces of content that reach more than 9M people worldwide. Gather is the place where millions and millions of people come for fresh perspective on what's happening now. Gather members can share their own views and join in conversation with others who share their interests. The Gather site offers thousands of pieces of content in the following categories: Entertainment, Sports, Politics, Celebs, Business and Technology.

Integral Ad Science

Seed Round in 2009
Integral Ad Science operates as a global technology and data company focused on digital advertising verification and optimization. Its media valuation platform enables buyers and sellers in the advertising ecosystem to assess the value of advertising opportunities across various channels and devices. The company offers a range of solutions for marketers, traders, and sellers, including customizable verification tools that help advertisers eliminate wasted spend, dynamic data solutions for informed programmatic buying, and real-time inventory scoring metrics. By leveraging data science and engineering, Integral Ad Science provides insights that enhance the effectiveness of advertising strategies and optimize consumer engagement. Headquartered in New York, the company has a significant presence in multiple countries, serving brands, agencies, publishers, and technology firms. Established in 2008, Integral Ad Science has gained recognition for its innovation and growth within the advertising industry.

MediaMath

Pre Seed Round in 2008
MediaMath, Inc. is a provider of digital advertising media and data management technology solutions for advertisers globally. The company's TerminalOne platform facilitates the activation of data, automates execution, and optimizes advertising interactions across various addressable media. Additionally, MediaMath offers an Omnichannel programmatic marketing platform that enhances personalized customer engagement, accesses media at scale, and utilizes machine learning for measurement and optimization. Beyond technology, MediaMath provides professional services in programmatic strategy, analytics, technology support, and advertising operations, as well as training and certification programs in digital marketing. Founded in 2007, MediaMath is headquartered in New York City and operates additional offices in various locations, including California, Massachusetts, Illinois, Florida, North Carolina, the United Kingdom, Spain, Germany, Singapore, Japan, Brazil, Australia, and India.

Dstillery

Pre Seed Round in 2008
Dstillery, Inc. is a digital intelligence platform that specializes in custom audience solutions for brands and their media partners. Founded in 2008 and based in New York, the company offers a range of marketing solutions designed to enhance brand awareness, consideration, and customer retention. Dstillery's premier product, Custom AI Audiences, utilizes tailored artificial intelligence models to deliver accurate and scalable audience targeting. The platform integrates mobile location insights with desktop behaviors, optimizing marketing efforts across various channels, including mobile, desktop, and video. Dstillery also provides geospatial insights through its Dscover Maps tool, allowing brands to analyze market composition by geography. The company serves a diverse clientele across multiple sectors, including retail, finance, and technology, helping them leverage customer data to drive revenue growth and improve audience engagement.
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