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
Early Amazon Investor and Seattle Business Leader Tom Alberg Dies at 82
Tom Alberg, a pivotal Seattle investor and business leader known for his early investment in Amazon and role at Madrona Venture Group, died at age 82. His influential contributions spanned e-commerce, wireless industries, and the local startup ecosystem.
Tom Alberg, Amazon Early Investor and Madrona Co-Founder, Dies at 82 After Shaping Seattle Tech
Tom Alberg, co-founder of Madrona Venture Group and early investor in Amazon, is remembered for his significant yet understated contributions to Seattle's tech industry, including his mentorship and 23 years on Amazon's board. He died at 82, leaving a lasting legacy both publicly and through his personal impact on colleagues and entrepreneurs.
Tom Alberg Remembered as Influential Mentor and Venture Capitalist Who Empowered Seattle Entrepreneurs
Tom Alberg was a deeply curious, humble, generous, and kind mentor who profoundly influenced the Seattle tech community and venture capital world. He empowered young entrepreneurs with trust and wisdom, helping build Madrona and Perkins Coie LLP into industry leaders while delighting in others' successes.
Tom Alberg, Early Amazon Investor and Seattle Tech Champion, Dies at 82
Tom Alberg, a Seattle business leader and early Amazon investor who was pivotal in Pacific Northwest tech growth and co-founded Madrona Venture Group, died peacefully at 82. He was also notable for his roles in aerospace law, McCaw Cellular Communications, and helping launch the Alliance of Angels.
Rajat Bahri Named CFO of Icertis Amid $5 Billion Valuation; Pacific Northwest Tech Firms Announce Key Executive Hires
Rajat Bahri, former CFO of ID.me, has joined Icertis as CFO, replacing Curt Anderson, amid recent investments valuing Icertis at $5 billion. Additionally, several key tech and startup executives have taken new roles across Pacific Northwest companies including CommerceIQ, Waabi, Limeade, and AdaptX.
Spotnana Secures $75M Series B Led by Durable Capital to Build 'AWS for Travel Industry'
New York City startup Spotnana raised $75 million in a Series B funding led by Durable Capital Partners LP to develop an open platform for business travel technology, with investments from Madrona Venture Group and others. The company aims to rebuild travel industry infrastructure and anticipates a strong post-pandemic recovery in business travel.
Echodyne Secures $135M Funding Led by Bill Gates and Baillie Gifford to Expand Next-Gen Radar Production
Echodyne, a radar technology company backed by Bill Gates and Baillie Gifford, secured $135 million in funding to expand production of its advanced radar systems used in drones, law enforcement, and infrastructure monitoring. The funding boosts its total investment to $195 million as it prepares to launch its next-generation radar with triple the range of its current product.
GeekWire returns in person for 2022 Awards at Showbox SoDo, honoring 60+ finalists across 15 categories with 16,000+ votes
GeekWire held its first in-person GeekWire Awards in three years at Showbox SoDo in Seattle, honoring 60+ finalists across 15 categories with over 16,000 community votes and appearances by local tech leaders and entertainers.
Statsig Raises $43M Series B Led by Sequoia to Accelerate Real-Time Product Feature Testing
Seattle-based startup Statsig raised $43 million in a Series B round led by Sequoia Capital to enhance its real-time product feature testing technology. Founded by ex-Facebook engineer Vijaye Raji, Statsig helps companies run hundreds of product experiments in parallel using live data, boasting rapid growth and seven-figure revenues.
Madrona investors say ETHDenver shows surging Web3 momentum, talent exodus from Web2, and new startup opportunities
Madrona Venture Group investors Maria Gilfoyle and Chris Picardo report strong momentum for Web3 after attending ETHDenver, noting growing consumer behavior shifts, new app categories, and a large talent migration from Web2 to Web3. They highlight the Pacific Northwest's relevance to Web3 and identify talent movement, future Ethereum work, and startup opportunities as key takeaways.
Andreessen Horowitz, Madrona and other tech VCs ramp up bets on AI-driven biotech startups as founders from software enter life sciences
Tech venture capital firms like Andreessen Horowitz and Seattle’s Madrona Venture Group are increasingly investing in life-science startups that use AI, machine learning and data science to speed drug discovery and development. Investors are following founders who transitioned from software to biotech—such as Sujal Patel of Nautilus and Terry Myerson of Truveta—seeing reduced perceived risk and new opportunity at this intersection.
MontyCloud raises $3M from Raptor Group, Lytical Ventures and Madrona; total funding hits $6M
Seattle-based MontyCloud, a 22-person startup founded in 2018 that automates cloud operations and governance, raised $3 million from investors including Raptor Group, Lytical Ventures, and Madrona Venture Group, bringing total funding to $6 million.
Temporal raises $103M Series B at $1.5B valuation as 55-person startup reaches unicorn status
Temporal, a 55-person Seattle startup that provides an open-source microservices orchestration platform, raised $103 million at a $1.5 billion valuation, becoming a unicorn three years after launch with total funding over $120 million. The company—founded by former Uber engineers Maxim Fateev (CEO) and Samar Abbas (CTO)—says adoption is growing 25–50% month-over-month and counts customers like Snap, Netflix, Instacart, and Qualtrics.
Madrona Venture Group leads $60M Series A in Terray Therapeutics to fund AI‑powered drug discovery
Pasadena-based Terray Therapeutics raised $60 million in a Series A led by Seattle’s Madrona Venture Group to advance its nanotechnology chips and AI-driven drug discovery screening.
Former Amperity CEO Kabir Shahani Resigned From CEO Role and Board Last Week, Says He Left Voluntarily
Kabir Shahani unexpectedly resigned as CEO of Seattle marketing tech startup Amperity last week and has also left the company’s board; he told GeekWire he left voluntarily for personal reasons while Amperity executives have not publicly commented.
Amperity CEO and co-founder Kabir Shahani steps down; Barry Padgett named CEO as company scales after $100M round
Amperity CEO and co-founder Kabir Shahani has relinquished the CEO title seven months after the company raised $100 million and reached unicorn status; president and COO Barry Padgett becomes CEO and Monica Pool Knox is named chief people officer. The company called 2021 a record year, offered no explanation for Shahani's departure, and said it will focus on scaling its customer-data software business.
Brightcove acquires Seattle video-audience startup Wicket Labs; all 13 employees join
Brightcove has acquired Seattle-based Wicket Labs, a 13-person startup founded in 2016 that provides audience insights and a 'Wicket Scorecard' for streaming video; terms were not disclosed and Wicket raised about $7 million from investors including WestRiver, Madrona, and Divergent.
Vulcan Capital renamed Cercano Management and spun off as independent firm managing Allen-era assets
Vulcan Capital, the investment arm created to manage late Microsoft co-founder Paul Allen’s holdings, has been spun off and renamed Cercano Management, a privately held firm working with multiple investors and family foundations. Cercano, based in Bellevue, will remain connected to Allen’s estate, continues Vulcan’s low-profile approach, and was recently disclosed as an investor in a $5.9 million round for Seattle startup Pendulum.
Move Inc., operator of Realtor.com, leads $12M Series A in Seattle–Austin marketing startup Evocalize
Evocalize, a Seattle and Austin startup that helps brands with paid digital marketing, raised $12 million in a Series A led by Move Inc., operator of Realtor.com, which has been a customer for over five years. The company was founded in 2013 by CEO Matthew Marx and co-founder Kumar Srinivasan; additional investors include Second Century Ventures, Habanero Ventures and Madrona Venture Group.
Highspot raises $248M Series F at $3.5B valuation as remote-selling demand surges
Seattle-based sales enablement startup Highspot raised $248 million in a Series F at a $3.5 billion valuation, driven by increased demand for remote-selling tools as the pandemic shifted sales work online.
Doorstead launches Seattle service as SF-based property-management startup with $12.5M Series A expands nationally
Doorstead, a San Francisco property-management startup founded by former Uber employees, has launched service in the Seattle region as it expands nationally; the company raised $12.5 million in a 2022 Series A and manages just under $1 billion in assets.
SeekOut raises $115M, valuation tops $1B to expand recruiting and internal-employee products
Seattle startup SeekOut raised $115 million to push its valuation past $1 billion, becoming a unicorn, and will use the funds to expand recruiting and internal-employee products. Its recruiting platform, used by over 1,000 companies, aggregates data on 700+ million candidates, has built-in diversity filters, and reports ARR of $25–$50 million after tripling in nine months.
Rec Room raises $145M led by Coatue, valuing the Seattle VR startup at $3.5B
Seattle-based Rec Room raised $145 million in a funding round led by Coatue Management, bringing its valuation to $3.5 billion after a prior $100 million raise in March 2021; the cross-platform social VR app saw rapid user growth during the COVID-19 pandemic.
Brian Goldfarb named Tenable CMO; Elizabeth Hamren becomes Discord COO; Kurt DelBene confirmed as VA CIO; Madrona adds three strategic directors
Several tech industry hires and appointments: Brian Goldfarb is CMO at Tenable; Elizabeth Hamren is COO at Discord; Kurt DelBene confirmed as VA CIO; Madrona Venture Group added three strategic directors; Christina Mautz joined Panopto.
Madrona Venture Group raises $120M Fund VII Extension to support 10–12 portfolio companies from its 2018 $300M fund
Madrona Venture Group has raised a $120 million Fund VII Extension Fund from prior investors to provide follow-on capital for 10–12 companies from its 2018 $300 million Fund VII, responding to larger, faster rounds in today’s frothy venture market.
Fund History
People
See all 15-
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
