Madrona Venture Labs Raises $11M for Fifth Fund to Accelerate AI Startups, Including Generative AI

Madrona Venture Labs raised $11 million for its fifth fund to support AI startups, planning to back 12 new companies with a focus on intelligent applications and generative AI. Since its 2014 founding, the Seattle-based studio has raised $40 million, backed 32 companies, and offers funding and advisory services to early-stage startups.

MMike Fridgen MMadrona Venture Labs