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Madrona

Madrona backs new startup tackling corporate guest travel

Juno, a platform designed to help manage corporate guest travel, raised $2 million in seed funding, the company announced Tuesday. The round was led by Seattle-based Madrona and Bungalow Ventures.… Read More

Even VC firms are getting in on the viral hype around ChatGPT’s updated image generator

You might not remember seeing Matt McIlwain or S. “Soma” Somasegar in “Spirited Away,” but the managing directors of Seattle VC firm Madrona are among the latest “characters” to get the… Read More

As Madrona turns 30, longtime Seattle firm keeps investing in its backyard — and beyond

When four friends got together in 1995 to launch Madrona Investment Group, the internet was just getting started. After three decades and hundreds of investments in budding startups — including… Read More

Madrona backs Spangle, a new e-commerce company led by former Bolt CEO Maju Kuruvilla

Spangle wants to shake up digital shopping. The new startup, founded by former Bolt CEO Maju Kuruvilla, came out of stealth mode Tuesday and announced a seed investment from Seattle… Read More

Seattle startup Gradial raises $13M for AI marketing tech that automates content operations

Gradial, a Seattle startup that uses AI agents to help marketing operations teams increase productivity, raised $13 million in new funding, the company announced Monday. The Series A round was led… Read More

Return to the ‘mother ship’: Seattle startup studio Madrona Venture Labs absorbed by Madrona

Madrona Venture Labs is being absorbed into Seattle’s Madrona venture firm after operating for more than 10 years as an independent startup studio. The news comes one week after Madrona… Read More

Madrona raises $770M for new funds — here’s what the Seattle VC firm is betting on

Madrona, the largest venture firm in the Pacific Northwest, raised $770 million for two new funds as the longtime Seattle-based investor looks to back a new batch of tech startups.… Read More

Tech Moves: Flexe taps new CTO; Talus adds head of biology; Vouched names a sales VP

— Pirasenna Thiyagarajan joined Seattle warehousing logistics and shipping startup Flexe as its chief technology and product officer. Thiyagarajan in recent years held multiple CTO roles at Bay Area startups.… Read More

Tech Moves: Madrona expands Bay Area team, Microsoft vet returns, Veeam adds tech experts

Anna Chen is joining Madrona’s Bay Area office as the longtime Seattle investment firm strengthens its presence in Silicon Valley. Chen is taking the role of investor and focusing on… Read More

AI at the forefront of inaugural ‘Seattle Tech Week’ that spotlights city’s tech ecosystem

Seattle’s venture capital firms, startups, and tech leaders are gearing up for the inaugural Seattle Tech Week — a 4-day marathon scheduled from July 31 to Aug. 4 featuring everything… Read More

Despite venture capital slowdown, these investors remain bullish on Seattle

There are parallels between the recent tech market downturn and the dot-com bubble. But Seattle venture capitalists remain bullish on the region’s future, inspired by the abundant talent pool and… Read More

Madrona backs new visual dataset startup co-founded by former Turi CEO

Visual Layer on Tuesday announced a $7 million seed round co-led by Seattle’s Madrona Venture Group. The Tel Aviv-based startup helps machine learning developers automatically catch errors in large-scale image… Read More

Madrona backs WaFd Bank spinout developing consumer software for regional banks

A new banking software startup spun out of Washington Federal Bank (WaFd) wants to help digitize consumer-facing products used by regional banks across the U.S. Archway has a unique founding… Read More

Tech Moves: Madrona hires former Bezos technical advisor; Seattle Children’s names COO

— Seattle-based firm Madrona Venture Group appointed Wei Gao as venture partner and Anna Baird as operating partner. Gao was most recently chief operating officer at Hopin, a London-based event… Read More

Seattle startup helping teens learn about and invest in crypto raises $2.7M

Stack, a Seattle-based startup building a platform that enables teens to invest in and learn about cryptocurrencies, has raised $2.7 million to boost its content production arm. The funding comes… Read More

Madrona Venture Group opens Silicon Valley office as it looks beyond Seattle for new investments

Seattle-based Madrona Venture Group is doubling down on a recent push to invest beyond the Pacific Northwest, opening its first office outside the region in Silicon Valley. Founded in 1995,… Read More

Seattle startup Tangibly, which manages trade secrets and NDAs, raises $1.3M

The news: Tangibly raised $1.3 million, providing the Seattle-based trade secret management startup fresh cash to boost its product development as well as its sales and marketing teams.  The team:… Read More

Seattle venture capitalist dies in Oregon ski accident

Birkan Uzun, a former software engineer at Amazon who joined Seattle’s Madrona Venture Group last year and was on a quest to summit the seven highest peaks on seven continents,… Read More

Frothy fundraising climate causes Madrona to raise $120M ‘extension fund’ for portfolio companies

It’s a wild time in the venture world. Valuations, deal sizes, and investment funds have blown past records set in 2020. Many startups are raising two rounds within a year;… Read More

Former Concur, Expedia execs back Spotnana, a startup aiming to rethink business travel software

It’s unclear if business travel will bounce back to pre-pandemic levels. But that isn’t stopping investors from betting on a startup with a new take on business travel software. New… Read More

Madrona Venture Labs raises $8M, unveils plan to turn its investors into co-founders of spinouts

The news: Madrona Venture Labs, the startup studio associated with Madrona Venture Group, has raised $8 million for its fourth fund. The Seattle-based studio also unveiled a new model that… Read More

Boise-based PlexTrac raises $10M for cybersecurity collaboration and workflow software

New funding: PlexTrac, a Boise, Id.-based cybersecurity software startup, raised a $10 million Series A round led by Madrona Venture Group and Noro-Moseley Partners, with participation from StageDot0. Total funding is… Read More

Seattle venture capitalist Daniel Li leaves Madrona to launch new startup Plus, which just raised $5.5M

Daniel Li is leaving Seattle venture capital firm Madrona Venture Group to launch a new startup. Li, who joined Madrona in 2015 and was promoted to partner in January, is… Read More

Hello, Texas: Seattle venture capital firm Madrona hires first partner outside of the Pacific Northwest

Madrona Venture Group has hired its first investment partner based outside of the Pacific Northwest as the firm broadens its geographical reach. Former Qualtrics executive John Torrey is Madrona’s newest… Read More

Podcast

Roblox, GitHub and the power of online communities: A discussion with Madrona’s Dan Li

Online communities have existed since the dawn of the Internet age. And yet over the past 15 years as massive communities such as Facebook, Pinterest, Reddit and Twitter took root,… Read More

Ally raises $50M as remote work drives demand for goal-setting collaboration software

Investors are going all in on Ally. The Seattle startup just landed a $50 million Series C round led by Green Oaks Capital, Tiger Global, and Madrona Venture Group. Total… Read More

Madrona Venture Group raises $345M for 8th fund, its largest ever, and $161M for 2nd later-stage fund

Madrona Venture Group has raised more than $500 million in fresh capital that the 25-year-old Seattle venture capital firm will use to bankroll both early and later-stage startups. It marks… Read More

Madrona leads $2.6M round for OthersideAI, a startup using GPT-3 tech to write automated emails

The average U.S. worker spends more than five hours per day checking email. A new startup wants to help people save time with a tool that composes emails automatically using… Read More

Tech Moves: Expedia and F5 Networks add board members; Madrona principal departs; and more

— Expedia Group appointed Equifax President of Global Consumer Solutions Beverly Anderson as its newest board member. Prior to Equifax, Anderson was executive vice president of cards and retails services… Read More

Amazon vets raise $4M from Madrona, Bezos Expeditions, others for AI2 spinout WhyLabs

Company leaders know they need to implement artificial intelligence and machine learning technologies within their businesses to stay ahead of the competition. But studies show that most organizations aren’t yet… Read More

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