Acceleration Fund
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TaxBit raises $130M at $1.33B valuation after opening Seattle HQ, led by IVP and Insight Partners
Cryptocurrency tax and accounting startup TaxBit raised $130 million at a $1.33 billion valuation after opening a second headquarters in Seattle; the company plans to double its workforce, expand U.S. and U.K. offices, and recently partnered with the IRS. The Series round was led by IVP and Insight Partners with participation from Madrona Venture Group.
Madrona hires John Torrey as first partner outside Pacific Northwest, expands Acceleration Fund investing to Texas and Utah
Seattle-based Madrona Venture Group hired John Torrey, its first investment partner based outside the Pacific Northwest, to help source and support Acceleration Fund investments from Texas and Utah as the firm expands geographically. Madrona also raised $161 million for its Acceleration Fund II and hired Katie Chiupka as manager of business development and partnerships.
Madrona, Microsoft Ventures and Salesforce Ventures lead $40M Series C for online training platform GO1
Madrona Venture Group, Microsoft’s and Salesforce’s venture arms joined a $40 million Series C for online training platform GO1, which serves 3,000+ organizations and has seen engagement triple amid the COVID-19 remote-learning surge.
