Chatitive
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- Startup
Seattle’s Madrona Venture Firm Absorbs Madrona Venture Labs After 10 Years, Following $770M Fundraise
Seattle’s Madrona venture firm has absorbed its startup studio Madrona Venture Labs after over 10 years of independent operation and 30 incubated startups. This restructuring aligns with Madrona’s recent $770 million fundraise to consolidate efforts under one organization amid Seattle’s growing startup ecosystem.
Unlock Venture Partners raises $60M second fund to back Seattle and L.A. startups, bringing total raised to $85M
Unlock Venture Partners, a seed-stage firm focused on Seattle and Los Angeles startups, raised a $60 million second fund and has now raised more than $85 million total to back early-stage companies including gaming, Web3 and metaverse plays.
Unlock Venture Partners Raises $60 Million for Second Fund Focused on LA and Seattle Startups
Unlock Venture Partners, founded by Sanjay Reddy, Andy Liu, and Raazi Imam, has raised $60 million for its second fund targeting early-stage startups in Los Angeles and Seattle, bringing its total capital to $85 million. The fund focuses on pre-seed and seed-stage investments to support entrepreneurial talent in these cities, which lack sufficient early-stage venture capital despite their strong startup communities.
Madrona Venture Labs’ Pendulum, led by Sam Clark and Mark Ledwich, launches tech to identify QAnon videos across YouTube, BitChute and Rumble
Pendulum, a Madrona Venture Labs startup led by Sam Clark and Mark Ledwich, builds technology to classify publicly available video content and identify harmful narratives like QAnon across platforms including YouTube, BitChute, and Rumble. The company released a report on QAnon videos, has interest from advertisers and government groups, and analyzes audio and image content though its business model remains undisclosed.
Mailchimp acquires Chatitive; CEO Andy Hollenbeck to lead conversational SMS at Mailchimp
Mailchimp has acquired Seattle SMS-marketing startup Chatitive, a Madrona Venture Labs spinout, integrating its team (fewer than 10 employees) and naming CEO Andy Hollenbeck head of conversational SMS; terms were not disclosed.
