Progressive Ventures Fund I, LP is a venture capital fund based in Palo Alto, California. According to its most recent Form D, filed Oct 6, 2026, it has sold $12,025,000 of interests to 92 investors since its first sale in Aug 2024. The filing does not set a minimum investment. It relies on the Section 3(c)(1) exclusion, which limits it to 100 beneficial owners, typically accredited investors. The offering uses Rule 506(b), which does not permit general solicitation. Based on its first sale date and the amount raised, AltMountain classifies it as an emerging manager. Related persons named in the filing include Progressive Ventures GP, LLC; Progressive Ventures Management, LLC; Mala Ramakrishnan.
- Total raised
- $12,025,000Cumulative sales reported on Form D
- Investors
- 92
- First sale
- Aug 8, 2024
- Minimum investment
- None set
- Who can invest
- Accredited investorsSection 3(c)(1): up to 100 beneficial owners
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- Progressive Ventures GP, LLC; Progressive Ventures Management, LLC; Mala Ramakrishnan
- Latest Form D
- Oct 6, 2026
From SEC filings, not verified. This page republishes the fund's Form D as filed. It is not an offer, solicitation or recommendation, and AltMountain has not reviewed the fund. “Raised” is cumulative sales, not current assets or performance. Returns are not part of SEC filings. Private funds are speculative, illiquid and generally limited to accredited investors or qualified purchasers. Full disclosures · Request a correction
Questions about Progressive Ventures Fund I, LP
What is the minimum investment for Progressive Ventures Fund I, LP?
Progressive Ventures Fund I, LP's latest Form D, filed Oct 6, 2026, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in Progressive Ventures Fund I, LP?
Progressive Ventures Fund I, LP is generally open only to accredited investors, and it may have no more than 100 beneficial owners because it relies on Section 3(c)(1). It uses Rule 506(b), which does not allow general advertising.
How much has Progressive Ventures Fund I, LP raised?
Progressive Ventures Fund I, LP reports $12,025,000 sold from 92 investors on its Form D filed Oct 6, 2026. This is cumulative sales since the offering began, not current assets or performance.
Where is Progressive Ventures Fund I, LP based?
Progressive Ventures Fund I, LP is based in Palo Alto, California.
When did Progressive Ventures Fund I, LP launch?
Progressive Ventures Fund I, LP reports its first sale in Aug 2024, which makes it an emerging manager by AltMountain's definition (first sale in 2021 or later and under $50 million raised).
Size compared with every venture capital fund
Raised more than 77% of the 2,268 venture capital funds based in California, and more than 89% of all 15,160 that report sales.