Investments
566Portfolio Exits
115Funds
28Partners & Customers
1Service Providers
3About Madrona Venture Group
Madrona Venture Group funds technology companies primarily in the Northwest, specializing in seed and early-stage investments. The firm is an active investor, dedicated to partnering with entrepreneurs and leveraging its team's relationships and business, technology, and financial experience to create long-term value. Madrona seeks out companies that solve customer problems in groundbreaking ways and offer opportunities for significant financial return. The firm invests early and prefers to lead financings. Madrona has a long-term approach and works closely with portfolio companies as they move from product development to early customers and revenue traction, and then to profitability and liquidity. It was founded in 1995 and is based in Seattle, Washington.
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Expert Collections containing Madrona Venture Group
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Find Madrona Venture Group in 2 Expert Collections, including HR Tech.
HR Tech
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The Edge Computing Landscape
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Edge computing companies facilitate workload deployment in addition to providing data processing and storage at the farthest reaches of the network. These edge computing companies range from data centers at the edge to workload management tools designed to orchestrate edge deploy
Latest Madrona Venture Group News
May 30, 2023
Submissions: [email protected] La Cava. (Trilogy Photo)— Elisa La Cava joined Seattle-area venture capital firm Trilogy Equity Partners as principal.La Cava spent the past five years at Seattle firm Madrona Venture Group, where she was a principal.“As we all know, the markets are tumultuous right now, but that is where Trilogy shines,” La Cava said in a statement. (Gamesight Photo)— Seattle video game marketing startup Gamesight hired Dan Laughlin as chief revenue officer. Disclaimer: This story is auto-aggregated & summarized by a computer program and has not been created by StartupAround.
Madrona Venture Group Investments
566 Investments
Madrona Venture Group has made 566 investments. Their latest investment was in Strike Graph as part of their Series A - II on May 5, 2023.
Madrona Venture Group Investments Activity
Date | Round | Company | Amount | New? | Co-Investors | Sources |
|---|---|---|---|---|---|---|
5/22/2023 | Series A - II | Strike Graph | $7M | No | 3 | |
5/16/2023 | Seed VC | Visual Layer | $7M | Yes | 7 | |
4/25/2023 | Series A | Bobsled | $17M | Yes | 2 | |
4/19/2023 | Series B | |||||
4/19/2023 | Seed VC |
Date | 5/22/2023 | 5/16/2023 | 4/25/2023 | 4/19/2023 | 4/19/2023 |
|---|---|---|---|---|---|
Round | Series A - II | Seed VC | Series A | Series B | Seed VC |
Company | Strike Graph | Visual Layer | Bobsled | ||
Amount | $7M | $7M | $17M | ||
New? | No | Yes | Yes | ||
Co-Investors | |||||
Sources | 3 | 7 | 2 |
Madrona Venture Group Portfolio Exits
115 Portfolio Exits
Madrona Venture Group has 115 portfolio exits. Their latest portfolio exit was LumaTax on April 12, 2023.
Date | Exit | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Acquirer | Sources |
|---|---|---|---|---|---|
4/12/2023 | Acquired | 3 | |||
3/6/2023 | Acquired | 1 | |||
12/5/2022 | Acquired | 3 | |||
Date | 4/12/2023 | 3/6/2023 | 12/5/2022 | ||
|---|---|---|---|---|---|
Exit | Acquired | Acquired | Acquired | ||
Companies | |||||
Valuation | |||||
Acquirer | |||||
Sources | 3 | 1 | 3 |
Madrona Venture Group Fund History
28 Fund Histories
Madrona Venture Group has 28 funds, including Madrona Venture Fund IX.
Closing Date | Fund | Fund Type | Status | Amount | Sources |
|---|---|---|---|---|---|
9/13/2022 | Madrona Venture Fund IX | $430M | 1 | ||
9/13/2022 | Madrona Acceleration Fund III | $260M | 1 | ||
12/16/2021 | Madrona Fund VII Extension Fund | $120M | 1 | ||
12/31/2020 | Madrona Venture Fund VIII | ||||
12/31/2020 | Madrona Acceleration Fund II |
Closing Date | 9/13/2022 | 9/13/2022 | 12/16/2021 | 12/31/2020 | 12/31/2020 |
|---|---|---|---|---|---|
Fund | Madrona Venture Fund IX | Madrona Acceleration Fund III | Madrona Fund VII Extension Fund | Madrona Venture Fund VIII | Madrona Acceleration Fund II |
Fund Type | |||||
Status | |||||
Amount | $430M | $260M | $120M | ||
Sources | 1 | 1 | 1 |
Madrona Venture Group Partners & Customers
1 Partners and customers
Madrona Venture Group has 1 strategic partners and customers. Madrona Venture Group recently partnered with Microsoft, and Notion Capital on October 10, 2017.
Date | Type | Business Partner | Country | News Snippet | Sources |
|---|---|---|---|---|---|
10/10/2017 | Partner | Microsoft, and Notion Capital | United States, and United Kingdom | Microsoft Ventures announces Innovate.AI, a global search for startups shaping the future of AI `` Through this partnership with Microsoft , we are excited to meet entrepreneurs who are harnessing AI to redefine entire industries on a massive scale . '' | 2 |
Date | 10/10/2017 |
|---|---|
Type | Partner |
Business Partner | Microsoft, and Notion Capital |
Country | United States, and United Kingdom |
News Snippet | Microsoft Ventures announces Innovate.AI, a global search for startups shaping the future of AI `` Through this partnership with Microsoft , we are excited to meet entrepreneurs who are harnessing AI to redefine entire industries on a massive scale . '' |
Sources | 2 |
Madrona Venture Group Service Providers
3 Service Providers
Madrona Venture Group has 3 service provider relationships
Service Provider | Associated Rounds | Provider Type | Service Type |
|---|---|---|---|
Counsel | General Counsel | ||
Service Provider | |||
|---|---|---|---|
Associated Rounds | |||
Provider Type | Counsel | ||
Service Type | General Counsel |
Partnership data by VentureSource
Madrona Venture Group Team
15 Team Members
Madrona Venture Group has 15 team members, including current Founder, Managing Director, Paul Goodrich.
Name | Work History | Title | Status |
|---|---|---|---|
Paul Goodrich | Founder, Managing Director | Current | |
Name | Paul Goodrich | ||||
|---|---|---|---|---|---|
Work History | |||||
Title | Founder, Managing Director | ||||
Status | Current |
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