Progressive Insurance is a major American insurance company that operates a corporate venture arm, Progressive Investment Company, Inc., which has participated in startup funding rounds such as Upstart and ONE Finance. The parent company was co-founded in 1937 and is headquartered in Mayfield Village, Ohio.
60% of their portfolio is in Fintech. Their most common stage is series-d (60% of deals). Average disclosed round size is $206.8M (across 5 rounds with reported amounts).
Portfolio
4
Fund Size
—
Top Stage
Series D
Last 12 Mo
1
Portfolio Breakdown
Stage Distribution
Investment Activity
DealsAvg Round Size
Portfolio
5 investments
Top Co-Investors
TPG Rise3 shared
Warburg Pincus LLC3 shared
Gallatin Point Capital3 shared
HarbourVest Partners3 shared
DST Global1 shared
NFX1 shared
Ribbit Capital1 shared
Curql1 shared
Alumni Ventures1 shared
HighSage Ventures1 shared
CMFG Ventures Discovery Fund1 shared
Gaingels1 shared
First Round Capital1 shared
Canaan Partners1 shared
Fifth Wall1 shared
Eldridge1 shared
Berkshire Partners1 shared
Lone Pine Capital1 shared
Last updated: 7 October 2026