Madrona Venture Group
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 has made over 300 investments in 110 companies since its inception.[3]
Privately held company | |
Industry | Private Equity |
Founder | Tom Alberg Paul Goodrich Gerald Grinstein William Ruckelshaus |
Headquarters | Seattle, Washington, US |
Website | https://www.madrona.com/ |
Company
Madrona was founded in 1995 by Tom Alberg, Paul Goodrich, Gerald Grinstein, and William Ruckelshaus.[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 2018, Madrona raised Madrona Fund VII of $300 million.[7]
In 2012, Madrona raised a $300 million fund.[8]
In 2014, Madrona Venture Group launched a startup studio, Madrona Venture Labs, as an in-house startup incubator.[9]
Investments
The companies that Madrona has invested in include:
- The Riveter[10]
- Rover.com[10]
- Smartsheet[10]
- Eclypsium[11]
References
- "Madrona Venture Group Has Big Plans for the Seattle Area Tech Industry". Seattle Business Magazine. 2018-10-02. Retrieved 2018-12-04.
- "Madrona Venture Group". Businessweek. Retrieved 4 November 2014.
- "Madrona Venture Group". Crunchbase. Retrieved 24 January 2019.
- "Company Overview of Madrona Venture Group, LLC". Bloomberg. Retrieved 24 January 2019.
- "Madrona Venture Group: Private Company Information - Businessweek". www.bloomberg.com. Retrieved 2016-07-25.
- "New Madrona $300M fund to be invested in tech companies". 2015-06-04. Retrieved 2016-07-25.
- "Madrona Venture raises another $300 million fund to invest in Northwest startups". The Seattle Times. 2018-05-22. Retrieved 2018-10-07.
- "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.
- Wall Street Journal Madrona Venture Group Launches Studio to Build New Startups December 10, 2014
- "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.
- Mike, Rogoway (December 3, 2018). "Intel-backed cybersecurity startup Eclypsium raises $8.75 million". oregonlive.com. Retrieved 2018-12-04.