The Progressive Corporation
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Investment Firm
Overview
Progressive is a place where innovation and collaboration are a way of life. Each of our employees has a role in our success and together, we continue to find new and better ways to satisfy our customers and move the insurance industry forward.
Highlights
Founded
1937
Industry
Financial Services
Employees
10001+
Investment
2
Lead Investment
2
Exits
1
Stages
Late Stage Venture
Investor Type
N/A
Location
United States, North America
Contact Information
Social
Profile Resume
The Progressive Corporation, established in 1937 and headquartered in United States, North America., specializes in Late Stage Venture investments across Internet, Banking, Internet of Things, Financial Services, FinTech, Artificial Intelligence (AI), Machine Learning, Personal Finance, Lending, Automotive. The organization boasts a portfolio of 2 investments, with an average round size of $45.0M and 1 successful exits. Their recent investments include G & L Internet Bank, Upstart, First National Bank Of Omaha, Healthcare of Ontario Pension Plan (HOOPP). The highest investment round they participated in was $3.9B. Among their most notable exits are G & L Internet Bank and Upstart. Explore their portfolio in detail, see who is connected to them, and find their contact information on our platform.
Investment portfolio
The Progressive Corporation has made 2 investments. Their most recent investment was on Apr 24, 2000, when G & L Internet Bank raised $40.0M.
The Progressive Corporation has made 1 diversity investments. Their most recent diversity investment was on Apr 08, 2019, when Upstart raised $50.0M.
investments
2
Diversity investments
1
Lead investments
2
Number of exits
1
Investments
2
| Annouced Date | Organization Name | Industry | Money Raised |
|---|---|---|---|
| Apr 24, 2000 | G & L Internet Bank | Internet | 40.0M |
| Apr 08, 2019 | Upstart | Financial Services | 50.0M |
G & L Internet BankExits
1
Funding Timeline
Funding rounds
2
Investors
0
Funds
0
Funding Rounds
2
The Progressive Corporation has raised 2 rounds. Their latest funding was raised on Apr 08, 2019 from a Series D - Upstart round.
| Annouced Date | Transaction Name | Number of Investors | Money Raised | Lead Investor |
|---|---|---|---|---|
| Apr 24, 2000 | Venture Round - G & L Internet Bank | - | 40.0M | - |
| Apr 08, 2019 | Series D - Upstart | - | 50.0M | - |
Investors
1
| Investor Name | Lead Investor | Funding Round | Money Raised |
|---|---|---|---|
| - | No | Post-IPO Debt - Progressive | 500.0M |
Fund raised
2
Susa Ventures has raised a total of $590M across 6 funds, their latest being Susa Ventures Opportunities II. This fund was announced on Aug 30, 2021 and raised a total of $250M.
| Annouced Date | Fund Name | Money Raised |
|---|---|---|
| May 10, 2013 | OTPPLESS | 1.0M |
| May 11, 2013 | OTPPLESS | 1.0M |
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Recent Activity
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