VC  Progress Ventures

     Office Locations:

50 Milk Street, 16th Floor
Boston, MA 02109
Phone: 617-401-2700

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  • Early



  • Media & Digital Media
  • Software & Internet



    Progress Ventures focuses exclusively on the burgeoning markets in media and marketing technology, targeting ad tech, social, mobile, search, and analytics. The partners' first investment structure, TWG Media Fund, started in 2008 as a sponsorless venture fund including M6D, MediaMath, AdSafe, Milabra, ClickFacts, and SalesCrunch. These six investments are all early stage companies that fall into the advertising technology and digital media sectors. Progress Ventures Fund I, officially launched Q4 2010, concentrates on the same verticals with a focus on early-stage investments. Currently, funds of Progress Ventures have just over $4 million of committed capital in eight portfolio companies managed from offices in Boston and New York. For over 15 years, Progress Partners has advised in mergers and acquisitions in addition to raising capital for dozens of digital marketing and media companies across the US and abroad.



      Fund Name



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    Investment Firm Key

       VC = Venture Capital
       PE = Private Equity
       A = Angel
       I = Incubator
       MB = Merchant Bank
       VD = Venture Debt
       FI = Family Investment Office
       FOF = Fund of Funds
       ED = Economic Development Office   
       TT = Technology Transfer Office
       CVC = Corporate Venture Capital
       SEC = Secondary Purchaser
       HF = Hedge Fund/Mutual Fund
    Venture Capital
    Seed Stage
    (includes "pre-seed," or
    concept stage)
    No Revenue
    Early StageMinimal
    Growth Stage
    (also called Mid-stage)
    Expansion Stage
    (also called Late-stage)
    $7M and greater
    Private Equity
    Lower Middle Market$10M-$249M
    Middle Market$250M-$499M
    Upper Middle Market$500M-$1B
    Large Cap>$1B

    Investment Team:

    Name   Title
    Get the complete investment team + individual email addresses for investment team partners. Get personal images, LinkedIn links, investment specialties, office locations and more with a National Database subscription or New York Database subscription.
    Adriaan Zur Muhlen Managing Partner
    Chris Legg Partner
    Nick MacShane Founding Partner
    Rick Gallagher CFO and Founding Partner
    Sam Thompson Founding Partner


    Recent Funding Events (trailing 12 months):










      Series A-1





      Series A


    Portfolio companies include:

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      Tru Optik
        web link


    Recent News: