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Company type | Private |
---|---|
Industry | Venture capital |
Founded | 1995 |
Founders |
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Headquarters |
Seattle, Washington, US |
Website |
madrona |
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]
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]