Firms, funds, partners, companies and rounds from sworn filings, firm sites and announcements, kept as a graph with a date and a source on every edge. Facts, inferences and estimates are labelled as such. A fund target is never a close, GAV is never dry powder, and a round size is never an investor’s check.

Firms / Progression Management, LLC

Progression Management, LLC

Micro VCSan Francisco, CASEC venture capital fund adviseremerging managerpart of Progression

One of 2 advisers that share ; the firm is Progression. Progression Partners LLC. Each keeps its own CRD, funds and filings; the grouping is the website each swore to on Form ADV and is recomputed every pass.

venture manager, reported GAV $1.0M across 1 vehicles

Importance
4
low
Active deployment
0
low
Emerging
92
high
Completeness
38
elevated
Freshness
97
high
Research priority
24
moderate
Identity and regulatory footprint
Headquarters
San Francisco, CAadviserinfo.sec.gov
Office address
2021 FILLMORE STREET STE #1157, San Francisco, CA, 94115adviserinfo.sec.gov
Business phone
347-609-2006adviserinfo.sec.gov
Website
unknown
SEC adviser type
exempt reporting adviseradviserinfo.sec.gov
SEC exemption claimed
venture capital fund adviseradviserinfo.sec.govItem 2.B(1): advises solely venture capital funds
Latest Form ADV
Jan 23, 2026
Private funds reported
1 (1 venture capital funds)adviserinfo.sec.gov
Private fund gross assets
$1.0Madviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
business phone
347-609-2006adviserinfo.sec.govpublished by the subject
Stated thesis versus observed behaviour
no observed deals yet
Stated (the firm’s website)
Sectors
not stated or not yet read
Stages
not stated or not yet read
Geography
not stated
Check size
not stated; DFX does not estimate checks from round sizes
Observed (from deals on record)
Stage at participation: no observed deals yet
Stage at first entry: no observed deals yet
Sectors: no observed deals yet
lead rate n/afollow-on rate n/anew logos, 12 months 0
Funds and vehicles
1 reported
VehicleTypeVintageLifecycleReported GAVOwnersForm D soldLatest Form D
Progression Fund III, L.P.FundunknownFundraising$1.0M
Sep 12, 2026
0$0Dec 3, 2025
GAV is the gross asset value the adviser reported on Form ADV for the vehicle, never the fund’s committed size and never dry powder. Form D sold is the amount sold as of the latest filing, never a final close.
Investment team
5 current, 0 departed
James Michael Veraldi
Member · since Jan 1, 2026
Partner
FactIAPD Form ADV Part 1 PDF per firm (current filing, Schedule D 7.B.(1) and Schedule A)
John Aguhob
Member · since Jan 1, 2026
Partner
FactIAPD Form ADV Part 1 PDF per firm (current filing, Schedule D 7.B.(1) and Schedule A)
Tomoya Ogawa
Member · since Jan 1, 2026
Partner
FactIAPD Form ADV Part 1 PDF per firm (current filing, Schedule D 7.B.(1) and Schedule A)
Vincent Nmn Diallo
Member · since Jan 1, 2026
Partner
FactIAPD Form ADV Part 1 PDF per firm (current filing, Schedule D 7.B.(1) and Schedule A)
Matthew Yen Shen Lee
Member & Chief Compliance Officer · since Jan 1, 2026
Platform and operations
FactIAPD Form ADV Part 1 PDF per firm (current filing, Schedule D 7.B.(1) and Schedule A)
Investments on record
0 edges, 0 companies, 0 partner-attributed
No investment on record yet. Edges arrive from the firm’s portfolio page, financing announcements, and Form D board seats.
Co-investors
0 relationships from shared deals, counted for the whole firm
No co-investor relationship yet: these are derived only from rounds and portfolio listings the graph has seen both investors on.
Limited partners
0 disclosed
No LP commitment on record. An LP edge needs a public disclosure with a quote: a pension report (see Limited partners for the plans read), a fund announcement naming the LP, or a Form ADV owner. The fund page carries the LP’s reported performance.
Timeline
1 dated events
  1. Jan 23, 2026
    Progression Management, LLC appears on the SEC adviser roster (ERA, venture capital fund adviser exemption)
    First SEC adviser filingOrganizationFactSEC Form ADV monthly roster (registered + exempt reporting advisers)
Classification history
  1. Sep 12, 2026
    Micro VC (confirmed, 95%, cls-1)
    venture manager, reported GAV $1.0M across 1 vehicles
Evidence
14 observations from 2 sources
Every observation behind this profile, with its source, date and class
FactValueEffectiveClassSource
Why admittedvc_exemption,vc_funds_reportedJan 23, 2026FactSEC Form ADV monthly roster (registered + exempt reporting advisers)
SEC exemption claimedventure_capital_fund_adviserJan 23, 2026FactSEC Form ADV monthly roster (registered + exempt reporting advisers)
SEC adviser typeexempt_reporting_adviserJan 23, 2026FactSEC Form ADV monthly roster (registered + exempt reporting advisers)
Latest Form ADV filing2026-01-23Jan 23, 2026FactSEC Form ADV monthly roster (registered + exempt reporting advisers)
Adv pdf loadedadv-pdf-1Sep 12, 2026FactIAPD Form ADV Part 1 PDF per firm (current filing, Schedule D 7.B.(1) and Schedule A)
SEC statusERA - ActiveJan 23, 2026FactSEC Form ADV monthly roster (registered + exempt reporting advisers)
SEC status effective2026-01-23Jan 23, 2026FactSEC Form ADV monthly roster (registered + exempt reporting advisers)
Business phone347-609-2006Jan 23, 2026FactSEC Form ADV monthly roster (registered + exempt reporting advisers)
HeadquartersSan Francisco, CAJan 23, 2026FactSEC Form ADV monthly roster (registered + exempt reporting advisers)
Office address2021 FILLMORE STREET STE #1157, San Francisco, CA, 94115Jan 23, 2026FactSEC Form ADV monthly roster (registered + exempt reporting advisers)
Legal formLimited Liability CompanyJan 23, 2026FactSEC Form ADV monthly roster (registered + exempt reporting advisers)
Private funds reported1Jan 23, 2026FactSEC Form ADV monthly roster (registered + exempt reporting advisers)
Private fund gross assets (reported)$1.0MJan 23, 2026FactSEC Form ADV monthly roster (registered + exempt reporting advisers)
Venture funds reported1Jan 23, 2026FactSEC Form ADV monthly roster (registered + exempt reporting advisers)