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
Pro.com lays off 52 employees as COVID-19 halts construction; CEO Matt Williams confirms WARN filing
Seattle-based Pro.com laid off 52 employees after COVID-19 halted its construction work, and the company is resuming jobs with new safety and contact-tracing measures. CEO Matt Williams said the cuts were disclosed in a Washington WARN filing and affect a company that employs about 150 people on LinkedIn.
Nautilus Biotechnology raises $76M Series B led by Vulcan Capital; Bezos Expeditions among investors, total funding tops $100M
Nautilus Biotechnology, co-founded by Stanford scientist Parag Mallick and Isilon co-founder Sujal Patel, revealed a platform to study the human proteome and announced a $76 million Series B led by Vulcan Capital with participation from Bezos Expeditions, Perceptive Advisors and others. The round brings total funding above $100 million for the 50-person startup as it exits stealth to accelerate proteomics-driven therapeutics development.
Madrona Venture Labs spinout StrikeGraph launches to automate SOC 2 compliance, led by Justin Beals and Brian Bero
Madrona Venture Labs has launched StrikeGraph, a Seattle startup led by Justin Beals and Brian Bero that automates and simplifies the SOC 2 cybersecurity compliance process to reduce time and cost for companies seeking certification.
Leg Up and Seattle tech HR leaders publish employer guide to support working parents during COVID-19
Seattle startup Leg Up and local tech HR leaders released a new guide to help small and medium-sized employers support working parents and caregivers during COVID-19, offering resources, policy suggestions and executive insights. The guide compiles parent experiences, discounts and HR program changes and complements other toolkits like Madrona Venture Group’s Back to Work Toolkit.
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.
Smartsheet CFO Jennifer Ceran joins Auth0 board; Auth0 hires three execs; Outreach opens NYC office led by David Rubinstein
Smartsheet CFO Jennifer Ceran joined the board of Bellevue identity provider Auth0 as she prepares to retire, and Auth0 added three senior hires: Holly Files (SVP customer success), Cassio Sampaio (VP product) and Ken Oestreich (VP product marketing). Separately, Seattle sales-engagement firm Outreach is opening a New York City office led by David Rubinstein as part of its U.S. and international expansion.
Ex-Docker CFO Brian Camposano launches stealth Seattle fintech Stratify; Concur founder Steve Singh named chairman
Former Docker CFO Brian Camposano launched a stealth Seattle fintech called Stratify after spinning out from Madrona Venture Labs, with Concur co-founder Steve Singh serving as chairman. The early-stage company — currently one employee and no public website — aims to use machine learning and AI to modernize corporate finance and deliver real-time insights for CFOs and finance teams.
Pioneer Square Labs and Fortive launch joint innovation studio to build spinout companies, starting with a COVID-19 workplace-safety concept
Seattle startup studio Pioneer Square Labs (PSL) has partnered with publicly traded industrial company Fortive to form a joint innovation studio that will build and spin out new companies and products, starting with a confidential workplace-safety concept prompted by COVID-19. PSL will apply its in-house startup studio model to create standalone venture-backed businesses or concepts Fortive may acquire, while Fortive aims to accelerate innovation and cultural change.
Madrona Venture Labs spinout Simplata launches targeted encryption for sensitive cloud app data, plans seed raise
Madrona Venture Labs spinout Simplata, led by CEO Steve Banfield and CTO Bruce Roberts, is building a targeted encryption solution to protect sensitive data in cloud applications and plans to hire and raise a seed round later this year.
Ben Elowitz launches stealth Seattle startup Zeitworks, spun out of Madrona Venture Labs to optimize people and time
Veteran Seattle entrepreneur Ben Elowitz has launched a stealth startup called Zeitworks, spun out of Madrona Venture Labs, aiming to help organizations maximize people and time using data science and AI. The company is hiring, Elowitz is supporting the team, and further details remain confidential.
Knock raises $12M Series B led by Madrona as COVID-19 drives surge in remote apartment-management tool usage
Seattle rental-software startup Knock raised $12 million in a Series B led by Madrona Venture Group as demand for its apartment management tools and remote leasing features surged during the COVID-19 crisis.
Madrona Venture Group Leads $8.5M Investment in Vendor Management Startup VNDLY; Steve Singh Joins Board
Seattle-based Madrona Venture Group led an $8.5 million investment round in VNDLY, a Cincinnati-based vendor management startup, with Steve Singh joining VNDLY's board. VNDLY, founded in 2017, has raised a total of $57.5 million to help companies manage and pay their non-employee workforce.
GeekWire Podcast: Amazon reports 26% Q1 sales growth but 30% profit drop, pledges $4B for COVID response; Bezos warns shareholders
The GeekWire Podcast discusses Amazon’s Q1 results and pandemic response — including $4 billion in COVID-19-related spending and CEO Jeff Bezos warning of costly challenges — plus worker safety concerns and calls for his Congressional testimony. The episode also covers a Madrona-led workplace-reopening toolkit (with input from Amazon, Microsoft, Starbucks) and a COVID-19-driven decline in Pacific Northwest startup funding through April.
U.S. VC Investments Total $34.2B in Q1 2020 as COVID-19 Threatens Decade-Long Growth
U.S. venture capitalists invested $34.2 billion across 2,298 deals in Q1 2020, slightly down from the prior year, but analysts expect investment pace and valuations to slow as COVID-19 disrupts the startup ecosystem and deal pipelines.
Madrona Venture Labs launches Founders Unite to connect startup founders with veteran execs through AMAs during pandemic
Seattle-based Madrona Venture Labs launched Founders Unite, a community and AMA series connecting startup founders with veteran tech leaders for advice and peer support during the pandemic. MVL — which raised $11 million for its third fund last year and has launched around ten companies — organized the initiative after polling 100+ founders about what they value most.
Sila raises $7.7M seed led by Madrona and Oregon Venture Fund to scale fintech infrastructure
Portland fintech startup Sila raised $7.7 million in a seed round led by Madrona Venture Group and Oregon Venture Fund to expand its API that lets developers add compliant banking and payment features. Led by CEO and Simple co-founder Shamir Karkal, Sila offers ACH processing, transfers, digital wallets, a built-in SILA stablecoin, tiered pricing, and partnerships with Plaid, Evolve Bank & Trust, and Alloy.
OctoML raises $15M from Amplify and Madrona to scale TVM-based ML deployment tools
Seattle startup OctoML, spun out of the University of Washington and led by Apache TVM creators, raised $15 million from investors including Amplify and Madrona to expand its ML deployment software. The company, which launched a TVM-based SaaS called Octomizer, will use the funding to grow hiring and scale its optimizer for edge and cloud model deployment.
Rover lays off 41% of staff (194 people) amid COVID-19, extends health benefits for six months
Seattle-based pet care startup Rover laid off 41% of its workforce (194 employees impacted) and put an additional 9% on standby due to revenue declines from COVID-19; about 275 employees remain and affected staff receive six months of extended health benefits and extended stock option exercise windows.
Author Departs Create33 and Madrona Venture Group to Pursue New Opportunities and Personal Growth
The author has left Create33 and Madrona Venture Group without a planned next step, choosing to focus on personal health and exploring new opportunities while supporting the ongoing success of Create33.
Give InKind Raises $1.5 Million in Pre-Seed to Expand Smarter Giving Platform
Give InKind, a platform enabling meaningful support beyond cash donations, raised $1.5 million in pre-seed funding from Seattle investors, tripling its initial goal. Founder Laura Malcolm created the service to simplify and diversify aid for those in hardship after experiencing inadequate support tools herself.
Seattle Startup Crowd Cow Raises $15.1 Million to Expand Direct-to-Consumer Meat Marketplace
Seattle startup Crowd Cow raised $15.1 million to expand its meat marketplace, which allows customers to crowdfund meat from independent farms. Despite competition from alternative meat companies, Crowd Cow has grown by adding new products, partnerships like Shake Shack, and investment from notable backers including Madrona Venture Group and Ashton Kutcher’s Sound Ventures.
Seattle’s A-Alpha Bio Raises $2.8M Seed Round to Advance AlphaSeq Drug Discovery Platform
Seattle startup A-Alpha Bio raised $2.8 million in seed funding to advance its genetically engineered protein analysis platform, AlphaSeq, which accelerates drug candidate evaluation by sorting millions of protein interactions. The round was led by OS Fund and included investors such as Madrona Venture Group and AME Cloud Ventures.
Seattle Startup GawkBox Raises $3.7M to Boost Game Streamer Earnings Through Sponsored Tipping on Twitch and YouTube
Seattle startup GawkBox raised $3.7 million in Series A funding to help live game streamers earn 'sponsored tips' when viewers download and engage with games. This platform offers an alternative revenue stream by enabling tipping without direct payments, benefiting both streamers and app developers.
Amplero Appoints Former Pandora CEO Brian McAndrews and Ex-Salesforce Marketing Cloud CEO Scott McCorkle to Board
Amplero announced the addition of Brian McAndrews, former Pandora CEO, and Scott McCorkle, former Salesforce Marketing Cloud CEO, to its Board of Directors to help guide its AI marketing growth.
Wrench Launches Maintenance Membership and Expands to Phoenix, Plans Third Market in January
Seattle-based car repair startup Wrench has launched a maintenance membership program and expanded to Phoenix, planning a third market expansion in January. The membership offers regular on-site services for $14.95 to $19.95 per month, aiming to simplify car maintenance without dealer visits.
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
