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    Progressive Insurance logo

    Progressive Insurance

    Mayfield Village, Ohio, United StatesFounded 1937
    www.progressive.com
    Fintech

    Progressive Insurance's investment focus and strategy in venture capital are primarily strategic, supporting innovation and technological advancements relevant to its core insurance business. This includes collaborating with early-stage ventures through programs like Level 20 and investing in companies that align with their offerings, such as an AI-enabled renovation financing platform. The company also invests significantly in technology like AI and machine learning to enhance underwriting, claims, and customer experience.

    100% of their portfolio is in Fintech. Their most common stage is series-b (67% of deals). Average disclosed round size is $94.3M (across 3 rounds with reported amounts).

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    Portfolio

    3

    Fund Size

    —

    Top Stage

    Series B

    Last 12 Mo

    1

    Portfolio Breakdown

    Stage Distribution

    Investment Activity

    DealsAvg Round Size

    Portfolio

    3 investments
    CompanyRoundAmountDate
    RRenoFiSeries B$22MMar 2026
    Tomo Mortgage logoTomo MortgageSeries B$20MMar 2025
    VVaro MoneySeries D$241MJun 2020

    Top Co-Investors

    Fifth Wall1 shared
    HighSage Ventures1 shared
    Alumni Ventures Group1 shared
    Gaingels1 shared
    Canaan Partners1 shared
    First Round Capital1 shared
    TruStage1 shared
    Ribbit Capital1 shared
    NFX1 shared
    DST Global1 shared
    Gallatin Point Capital1 shared
    The Rise Fund1 shared
    HarbourVest Partners1 shared
    Warburg Pincus1 shared

    Last updated: 10 April 2026