The Progressive
The Progressive Corporation, founded in 1937 and headquartered in Mayfield, Ohio, is a leading provider of personal and commercial auto insurance, residential property insurance, and specialty property-casualty insurance in the United States. The company's Personal Lines segment focuses on personal auto insurance as well as coverage for recreational vehicles such as motorcycles, ATVs, and watercrafts. Its Commercial Lines segment offers a variety of auto-related insurance products tailored for small businesses and specialized commercial vehicles, including liability and physical damage coverage. Additionally, Progressive provides residential property insurance for homes, condos, and renters, along with personal umbrella and flood insurance. The company markets its insurance products through independent agencies and directly via the internet and telephone, maintaining a balanced distribution strategy. With nearly 20 million personal auto policies in force, Progressive is recognized as one of the largest auto insurers in the country, emphasizing financial stability and innovation to meet customer needs effectively.
Top Stages
7 past transactions
Tomo
Series B in 2025
Tomo is a fintech startup dedicated to transforming the residential mortgage and home-buying experience through its subsidiaries, Tomo Mortgage and Tomo Real Estate. The company aims to simplify the complexities associated with homeownership by leveraging data, automation, and third-party API integrations. Tomo Real Estate serves as a modern real estate portal that enhances the home-buying journey by utilizing artificial intelligence and visual insights. Through its innovative platform, Tomo enables clients to complete real estate transactions more efficiently than the industry average, thus streamlining the overall process of purchasing a home.
Octane
Series D in 2021
Octane is a financing platform designed to facilitate lifestyle purchases, such as powersports vehicles, RVs, and outdoor power equipment, by enhancing the buying experience for consumers. The company employs advanced technology and innovative risk strategies to create a seamless, end-to-end process that supports customers throughout their purchasing journey. Octane inspires enthusiasts through its editorial brands, prequalifies consumers for financing online using its e-commerce tools, and connects customers with partner dealerships for efficient closing. Additionally, Octane provides comprehensive loan servicing to assist customers during the life of their loans. Operating as a remote-first organization, Octane maintains offices in New York, Irving, Irvine, and Knoxville, and collaborates with over 35 original equipment manufacturers and 4,000 dealer partners across the United States. The company has been recognized for its rapid growth, earning a spot on the 2022 Inc 5000 list of America's Fastest Growing Private Companies and being certified as a great place to work.
Protective Insurance
Acquisition in 2021
Protective Insurance is an insurance company that specializes in providing insurance solutions for the transportation industry. It offers a range of products, including fleet truck insurance, workers' compensation services, and compensation insurance. By focusing on the unique needs of transportation businesses, Protective Insurance aims to deliver tailored coverage and support to its clients, ensuring they are well-protected in their operations.
Varo Bank
Series D in 2020
Varo Money, Inc. is a digital bank based in San Francisco, California, that offers a range of online banking products and services, including bank and savings accounts, checking accounts, and overdraft protection. Established in 2015 and known for being the only U.S. consumer fintech with a national bank charter, Varo aims to serve as a comprehensive banking partner for millions of Americans, especially those seeking better financial solutions. The company combines fintech innovation with the security of a chartered bank, providing tools and insights to enhance financial resilience for its customers. Varo's platform also includes features such as spending analysis, real-time budgeting, cash flow forecasts, direct deposits, and online bill payments, all designed to empower users to make informed financial decisions and improve their overall financial well-being.
Upstart
Series D in 2019
Upstart is a peer-to-peer online lending platform that utilizes artificial intelligence and machine learning to enhance the lending process. Founded in 2012 and based in San Mateo, California, the company focuses on providing fixed-rate personal loans by employing a proprietary underwriting model that evaluates factors such as education, area of study, and employment history, allowing it to identify borrowers with limited credit backgrounds. Upstart connects consumer loan demand with its network of AI-enabled bank partners, facilitating a streamlined borrowing experience. The platform supports a variety of loan offerings, including personal loans, automotive financing, home equity lines of credit, and small-dollar loans, enabling banks to achieve higher approval rates and reduced loss rates while enhancing customer satisfaction through a digital-first approach.
ARX Holding
Acquisition in 2015
ARX Holding Corp Offers property and liability coverage services.
G & L Internet Bank
Venture Round in 2000
G & L Internet Bank, a gay and lesbian Internet bank.
Spot something off? Help us improve by flagging any incorrect or outdated information. Just email us at support@teaserclub.com. Your feedback is most welcome.