Progression Fund

Perplexity is AI for people who expect more. Our products serve those whose questions spark change and whose decisions bend the world toward progress. We obsess over the details so our users can obsess over what comes next.

Luma is an event management platform that allows users to set up event pages, invite friends, and sell tickets, making it easy to host memorable events.

Palmstreet is a live shopping platform that specializes in plants, handmade goods, and vintage items. It features live sales and streams, offering special promotions and significant deals during events like Cyber Monday.

TourHero is a platform that allows individuals to host trips by connecting them with local experts who handle logistics, ensuring seamless travel experiences for groups. Hosts can customize their trips and earn a margin while promoting their adventures to their communities.

Nimbus is a platform offering a simple and safe way to buy domain names, providing secure transactions and fast transfers.

Omeda Studios is a platform that provides audience data solutions aimed at driving revenue and growth for media, audience, and marketing professionals. It features an integrated audience engagement platform that consolidates siloed databases and simplifies tech stacks, while also offering tailored solutions for sports coaching and event experiences.

Inclusive investors offering hands-on support and access to a powerful network.

$$175M early-stage fund focused on consumer technology and the consumerization of enterprise technology.

Pre-seed–Series A accelerator investing in consumer-behavior technologies with small 10–15 cohorts, 330+ mentors acting as team extensions, and corporate partners (Mastercard, Estée Lauder, TJX) driving commercial outcomes. XRC Labs operates as both a venture fund and startup accelerator, maintaining an unusually deep corporate network that drives direct commercial outcomes for portfolio companies. The firm focuses on "technologies that change and are changed by consumer behavior" through four investment pillars detailed in public whitepapers.