Boston VC firm settles on Cincinnati after two-year search

Story excerpt provided by Cincinnati Business Courier.

Written by Andy Brownfield.

Boston-based investment firm Progress Ventures spent the last five years investing in companies in its hometown and in New York, but after a two-year search, the firm chose to branch out and landed on Cincinnati as a city ripe for investment.

The firm made its first investment in a Cincinnati startup last month, leading a $3.5 million Series A round for Lisnr, a startup that embeds inaudible tones in media that are picked up by a smartphone’s microphone and unlock additional content.

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Originally published August 5, 2014.