Madrona Venture Group

1995

Founded

450

Investments

United States

Offices

Venture Fund

Investor Type

About

Madrona Venture Group is a Seattle-based venture capital firm specializing in seed, startup, Series A, and early-stage investments. Founded in 1995 by Tom Alberg, Paul Goodrich, Gerald Grinstein, and William Ruckelshaus, the firm has a strong focus on the Pacific Northwest, particularly Seattle and the broader region. Madrona's investment portfolio spans various sectors within information technology, including consumer internet, commercial software and services, cloud computing, digital media and advertising, wireless, networking, mobile, and infrastructure.

Notable companies in their portfolio include Amazon, Smartsheet, Isilon Systems, Redfin, and Snowflake. Over the years, Madrona has raised several funds to support its investment activities. In 2012, they raised a $300 million fund, followed by a $300 million fund in 2018.

In 2020, they raised over $500 million across two funds: $345 million for their eighth fund focused on early-stage investments and $161 million for their second later-stage fund. In 2022, they raised $690 million across two new funds: $430 million for Madrona Venture Fund 9 and $260 million for Acceleration Fund 3. These funds are aimed at supporting startups in Seattle and beyond, with a particular emphasis on intelligent applications leveraging data and cloud computing.

Madrona's investment strategy includes supporting entrepreneurs from seed and Series A stages, helping them build and scale their companies. They also launched Madrona Venture Labs in 2014, an in-house startup incubator designed to assist early-stage companies in their development. The firm has expanded its geographic focus by opening an office in Silicon Valley in 2022, reflecting its commitment to investing in tech ecosystems beyond the Pacific Northwest.

Madrona's team comprises experienced professionals dedicated to partnering with founders to turn visionary ideas into transformational businesses.

Portfolio Companies

Amazon, Smartsheet, Isilon Systems, Redfin, Snowflake, Apptio, Impinj, Rover.com, The Riveter, Temporal

Gepgraphic Focus

Seattle, Silicon Valley, Pacific Northwest, North America

Key Differentiators

Strong focus on the Pacific Northwest, In-house startup incubator (Madrona Venture Labs), Expansion into Silicon Valley, Support for both early and later-stage companies

Thypical Investment Size

Varies by fund and stage

Total Funds Raised

$690 million

Visit Website

Marketing (MarTech)

Advertising (AdTech)

Apps

Software

Big Data & Analytics

FinTech

Seattle

Pre-Seed

Seed

Series A

Series B

Series C

Series D

United States