Misplaced Pages

This article has multiple issues. Please help improve it or discuss these issues on the talk page. (Learn how and when to remove these messages) A major contributor to this article appears to have a close connection with its subject. It may require cleanup to comply with Misplaced Pages's content policies, particularly neutral point of view. Please discuss further on the talk page. (October 2018) (Learn how and when to remove this message) The topic of this article may not meet Misplaced Pages's notability guidelines for companies and organizations. Please help to demonstrate the notability of the topic by citing reliable secondary sources that are independent of the topic and provide significant coverage of it beyond a mere trivial mention. If notability cannot be shown, the article is likely to be merged, redirected, or deleted. Find sources: "Madrona Venture Group" – news · newspapers · books · scholar · JSTOR (October 2018) (Learn how and when to remove this message) (Learn how and when to remove this message)

Madrona Venture Group

Company type	Private
Industry	Venture capital
Founded	1995; 29 years ago (1995)
Founders	Tom Alberg Paul Goodrich Gerald Grinstein William Ruckelshaus
Headquarters	Seattle, Washington, US
Website	madrona.com

Madrona Venture Group is an American venture capital firm, founded in 1995 and based in Seattle, Washington. Madrona specializes in seed, startup, Series A and early stage investments.

Company

Madrona was founded in 1995 by Tom Alberg, Paul Goodrich, Gerald Grinstein, and William Ruckelshaus. 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. As of 2015, more than 90% of the firms investments were in companies based in the Pacific Northwest.

In 2012, Madrona raised a $300 million fund.

In 2014, Madrona Venture Group launched a startup studio, Madrona Venture Labs, as an in-house startup incubator.

In 2018, Madrona raised Madrona Fund VII of $300 million.

In October 2020, Madrona Venture Group invested in Temporal, a Seattle-based company that is developing microservice orchestration platform.

At the end of 2020, the Group announced that it had raised over $500 million in new capital. 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.

In September 2022, Madrona Venture Group raised its largest fund ever, $690 million.

Companies invested in include Apptio, Impinj, Redfin, The Riveter, Rover.com, and Smartsheet.

References

1. "Madrona Venture Group Has Big Plans for the Seattle Area Tech Industry". Seattle Business Magazine. 2018-10-02. Retrieved 2018-12-04.
2. "Madrona Venture Group". Businessweek. Archived from the original on February 16, 2010. Retrieved 4 November 2014.
3. ^ Rosenblatt, Lauren (August 31, 2022). "Leading Seattle VC firm Madrona Venture Group expands to Palo Alto". The Seattle Times.
4. "Company Overview of Madrona Venture Group, LLC". Bloomberg. Retrieved 24 January 2019.
5. "Madrona Venture Group: Private Company Information - Businessweek". www.bloomberg.com. Retrieved 2016-07-25.
6. "New Madrona $300M fund to be invested in tech companies". 2015-06-04. Retrieved 2016-07-25.
7. "The mighty Madrona: Why one VC firm is so critical to Seattle (and why that's a little scary)". 2015-03-30. Retrieved 2016-07-25.
8. Wall Street Journal Madrona Venture Group Launches Studio to Build New Startups December 10, 2014
9. "Madrona Venture raises another $300 million fund to invest in Northwest startups". The Seattle Times. 2018-05-22. Retrieved 2018-10-07.
10. "Temporal raises $18.75M for its microservices orchestration platform". techcrunch. 16 October 2020. Retrieved 17 October 2020.
11. "Seattle-based Madrona raises $345M for its eighth early-stage fund". 29 December 2020.
12. "Madrona Venture Group raises $345M for 8th fund, its largest ever, and $161M for 2nd later-stage fund". GeekWire. 2020-12-30. Retrieved 2021-07-05.
13. Soper, Taylor (2022-09-13). "Madrona Venture Group raises $690M for two new funds to back startups in Seattle and elsewhere". GeekWire. Retrieved 2022-11-18.
14. ^ "Madrona Venture Group Has Big Plans for the Seattle Area Tech Industry | Seattle Business Magazine". www.seattlebusinessmag.com. 2 October 2018. Retrieved 2018-10-07.

External links

• Official website

This article about a private equity or venture capital firm based in the United States is a stub. You can help Misplaced Pages by expanding it.

• v
• t
• e

• Financial services companies established in 1995
• Venture capital firms of the United States
• Private equity firms of the United States
• Companies based in Seattle
• United States private equity firm stubs