Madrona Venture Group
American venture capital firm From Wikipedia, the free encyclopedia
Madrona Venture Group is an American venture capital firm, founded in 1995 and based in Seattle, Washington.[1] Madrona specializes in seed, startup, Series A and early stage investments.[2]
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| Company type | Private |
|---|---|
| Industry | Venture capital |
| Founded | 1995 |
| Founders |
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| Headquarters | Seattle, Washington, US |
| Website | madrona |
Madrona was founded in 1995 by Tom Alberg, Paul Goodrich, Gerald Grinstein, and William Ruckelshaus.[3][4] Madrona has invested in the information technology sector including consumer internet commercial software and services, cloud computing, digital media and advertising, wireless, networking, mobile, and infrastructure sectors.[5] As of 2015, more than 90% of the firms investments were in companies based in the Pacific Northwest.[6]
In 2012, Madrona raised a $300 million fund.[7]
In 2014, Madrona Venture Group launched a startup studio, Madrona Venture Labs, as an in-house startup incubator.[8]
In 2018, Madrona raised Madrona Fund VII of $300 million.[9]
In October 2020, Madrona Venture Group invested in Temporal, a Seattle-based company that is developing microservice orchestration platform.[10]
At the end of 2020, the Group announced that it had raised over $500 million in new capital.[11] Over $345 million of that figure was raised for its eighth fund, its largest to date, and $161 million for a second later-stage fund.[12]
In September 2022, Madrona Venture Group raised its largest fund ever, $690 million. [13]
Companies invested in include Apptio,[3] Impinj,[3] Redfin,[3] The Riveter,[14] Rover.com,[14] and Smartsheet.[14]
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