Matthew Lee is a former TikTok and musical.ly operator who co-founded Progression Fund with other alumni from those platforms, bringing direct experience from building one of the defining Gen Z consumer products into his investing approach. He focuses specifically on Gen Z and Gen Alpha consumers, whom he views as hackers who grew up talking to Alexa and Google, and invests in products that feel more human, simple, beautiful, and inherently shareable for these digital natives.
About their Fund
Progression Fund
Sectors
Consumer, AI, Gaming / VR, Health, Marketplaces
Rounds
Pre-Seed - Series A
Avg Check Size
$100K - $1M
Notable Investments
Progression Fund is founded and led by musical.ly/TikTok alumni Alex Hofmann and JJ Aguhob, giving the fund unusually deep operator-level experience building one of the world's fastest-growing Gen Z social entertainment networks. The fund concentrates on breakthrough consumer experiences across social connection, play, VR/AR, gaming and entertainment, creator/crypto social, and immersive experiences, with a portfolio including culturally resonant and youth-centric brands like Drone Racing League, FaZe Clan, and Popshop Live where youth culture, gaming, and creator economies intersect.
Notable Fund
Investments
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investor name
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Avg. Check
Links
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