Facts
- HQ
- Madrona
- Sectors
- Financial Services
- Founded
- 1995
- Employees
- 135
- Stage
- Seed
- Last fund
- MADRONA VENTURE FUND X, L.P. · $489.6M · 2025 SEC Form D
- Funds raised
- 10 funds SEC Form D filings
- Total capital
- $1.7B SEC Form D filings
From Microsoft Exit to Building the NFL Draft for AI Talent
Send us Fan Mail Serial entrepreneur Nikesh (Niki) Parekh joins us to share lessons from building Suplari, an AI-powered procurement intelligence company acquired by Microsoft in 2021, and his newest venture, Provn. Niki takes us behind the scenes of Suplari—from validating the idea with customers and finding product-market fit to scaling enterprise sales, navigating setbacks, and ultimately selling the company to Microsoft. He also shares what he would do differently and offers practical lessons for founders building enterprise software. We then explore Provn, which Niki describes as the “NFL Draft for AI talent.” Instead of relying on resumes, prestigious universities…
Truveta CEO Terry Myerson to Retire End of September; Co-founders Ryan Ahern and Jay Nanduri Named Interim Co-CEOs
Terry Myerson will retire as Truveta CEO at the end of September after leading the Bellevue-based health data company since its 2020 launch, and two co-founders will serve as interim co-CEOs while the board searches for a permanent successor. Truveta, valued at over $1 billion after a $320 million funding round in January 2025, stores and categorizes electronic health records for research and counts 30 health system members.
Buywander Raises $21M Series A Led by Madrona Venture Group and Inspired Capital, Total Funding Now $28M
Buywander, a Seattle auction marketplace for returned and overstock retail inventory, raised $21 million in a Series A round co-led by Madrona Venture Group and Inspired Capital, bringing total funding to $28 million. The company will use the funds to expand nationally, invest in technology, and grow its leadership team.
By Madrona
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Madrona Leads Buywander’s Series A to Turn $900B in U.S. Retail Returns into Discounted Deals for Value-Shopping Consumers
Madrona led Buywander’s Series A because the company repackages retail returns into discounted discoveries for value-focused shoppers, addressing a growing structural market driven by rising returns and affordability-driven consumer behavior.
Highspot closes multi‑billion‑dollar merger with Seismic on August 18 after regulatory approval
Highspot completed its multi-billion-dollar merger with Seismic on August 18 after regulatory approval, capping a journey since 2012 that built a leading AI-driven sales enablement platform used by over a million users and 1,000 customers.
Fund History
People
See all 16-
Bill Ruckelshaus Founder, Founder and Strategic Director
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Paul Goodrich Founder
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Steve Singh Founder, Co-founder of Concur and Managing Director
