Progression Fund

Progression Fund is a venture capital firm based in Los Angeles, California, founded in 2020 by Alex Hofmann and JJ Aguhob. The fund focuses on early-stage investments, particularly in the pre-seed and seed stages, and targets consumer-driven sectors such as gaming and entertainment, commerce and marketplaces, wellness, and education. Progression Fund is known for its strategic investments in companies that cater to emerging generational trends and innovations. The firm has made notable investments in companies like Drone Racing League, FaZe Clan, and Popshop Live. With a keen interest in startups that align with generational shifts and consumer behavior, Progression Fund aims to support the next wave of influential consumer brands​. Led by a team of experienced partners, including Matthew Lee and Mark Linao, Progression Fund provides not only capital but also strategic guidance and support to help startups achieve product-market fit and scale effectively. The firm operates with a global perspective, although most of its investments are based in the United States​.