Madrona Venture Group

VC · Seattle (United States)

Pre-Seed

Seed

Cloud/SaaS

About

Madrona Venture Group is a Seattle-based venture capital firm specializing in seed, startup, Series A, and early-stage investments. Founded in 1995 by Tom Alberg, Paul Goodrich, Gerald Grinstein, and William Ruckelshaus, the firm has a strong focus on the Pacific Northwest, particularly Seattle and the broader region. Madrona's investment portfolio spans various sectors within information technology, including consumer internet, commercial software and services, cloud computing, digital media and advertising, wireless, networking, mobile, and infrastructure. Notable companies in their portfolio include Amazon, Smartsheet, Isilon Systems, Redfin, and Snowflake. Over the years, Madrona has raised several funds to support its investment activities. In 2012, they raised a $300 million fund, followed by a $300 million fund in 2018. In 2020, they raised over $500 million across two funds: $345 million for their eighth fund focused on early-stage investments and $161 million for their second later-stage fund. In 2022, they raised $690 million across two new funds: $430 million for Madrona Venture Fund 9 and $260 million for Acceleration Fund 3. These funds are aimed at supporting startups in Seattle and beyond, with a particular emphasis on intelligent applications leveraging data and cloud computing. Madrona's investment strategy includes supporting entrepreneurs from seed and Series A stages, helping them build and scale their companies. They also launched Madrona Venture Labs in 2014, an in-house startup incubator designed to assist early-stage companies in their development. The firm has expanded its geographic focus by opening an office in Silicon Valley in 2022, reflecting its commitment to investing in tech ecosystems beyond the Pacific Northwest. Madrona's team comprises experienced professionals dedicated to partnering with founders to turn visionary ideas into transformational businesses.

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