Madrona Venture Group

From Justapedia, unleashing the power of collective wisdom
Jump to navigation Jump to search
Madrona Venture Group
TypePrivately held company
IndustryPrivate Equity
FounderTom Alberg
Paul Goodrich
Gerald Grinstein
William Ruckelshaus
Headquarters
Seattle, Washington, US
Websitehttps://www.madrona.com/

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]

Company

Madrona was founded in 1995 by Tom Alberg, Paul Goodrich, Gerald Grinstein, and William Ruckelshaus.[3] 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.[4] As of 2015, more than 90% of the firms investments were in companies based in the Pacific Northwest.[5]

In 2012, Madrona raised a $300 million fund.[6]

In 2014, Madrona Venture Group launched a startup studio, Madrona Venture Labs, as an in-house startup incubator.[7]

In 2018, Madrona raised Madrona Fund VII of $300 million.[8]

In October 2020, Madrona Venture Group invested in Temporal, a Seattle-based company that is developing microservice orchestration platform.[9]

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.[10]

Investments

The companies that Madrona has invested in include:

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. Retrieved 4 November 2014.
  3. ^ "Company Overview of Madrona Venture Group, LLC". Bloomberg. Retrieved 24 January 2019.
  4. ^ "Madrona Venture Group: Private Company Information - Businessweek". www.bloomberg.com. Retrieved 2016-07-25.
  5. ^ "New Madrona $300M fund to be invested in tech companies". 2015-06-04. Retrieved 2016-07-25.
  6. ^ "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.
  7. ^ Wall Street Journal Madrona Venture Group Launches Studio to Build New Startups December 10, 2014
  8. ^ "Madrona Venture raises another $300 million fund to invest in Northwest startups". The Seattle Times. 2018-05-22. Retrieved 2018-10-07.
  9. ^ "Temporal raises $18.75M for its microservices orchestration platform". techcrunch. 16 October 2020. Retrieved 17 October 2020.{{cite web}}: CS1 maint: url-status (link)
  10. ^ "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.
  11. ^ a b c "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.
  12. ^ Mike, Rogoway (December 3, 2018). "Intel-backed cybersecurity startup Eclypsium raises $8.75 million". oregonlive.com. Retrieved 2018-12-04.

External links


Stub icon 1 Stub icon 2

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

Retrieved from "https://justapedia.org/index.php?title=Madrona_Venture_Group&oldid=1116085031"