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
Cohere's Ivan Zhang on Foundation Models, Retrieval-Augmented Generation, and Feedback Loops
In this episode, Madrona Partner Jon Turow and Cohere CTO and Co-founder Ivan Zhang dive into the world of foundation models for the enterprise. Cohere was founded in 2019 — a time when even the most passionate believers did not realize how soon the world would be struck by the capabilities of foundation models. The company announced a $270 million raise in June – which put it at an over $2 billion valuation — and — Ivan's co-founder Aidan Gomez was a co-author of the seminal paper "Attention Is All You Need," which actually introduced the Transformer, the architecture behind…
Hope Cochran
Hope Cochran is currently a Managing Director at Madrona Venture Group. Previously, she served as the CFO of King Digital, the creators of Candy Crush. At King, she not only led the company through an IPO and acquisition to Activision but also became a rockstar Candy Crush player. Prior to that she was the CFO of Clearwire through its sale to Sprint in 2013 and was the founder of her own company, SkillsVillage which she went on to sell to PeopleSoft. In 2013 Fortune named her to the top 10 Most Powerful Women in Gaming and in 2018 Women’s Inc…
Google's James Phillips and Former Tableau CEO Mark Nelson on PLG and Scaling in the Face of Stiff Competition
This week, investor Aseem Datar is possibly making app dev and product development history with his guests. We've got former Tableau CEO Mark Nelson and James Phillips, the former president of Microsoft who drove the creation of many of the company's most successful products, including, of course, Tableau's number one competitor — Power BI. James was also just named the VP of Google Cloud. Mark and James are both part of the Madrona family, as venture partner and strategic director respectively. And today, we have the rare treat of them together sharing their learnings and experiences about modern app development…
Founded & Funded Investor Spotlight with Vivek Ramaswami
Get to know Madrona Partner Vivek Ramaswami. Learn what drew him to venture capital and working with founders, what he looks for in founders, where he focuses, and what he enjoys doing outside the office. (00:00:00) Introduction (00:00:15) Vivek Ramaswami's background (00:00:55) Why venture capital (00:02:47) What Vivek looks for in founders (00:04:38) One thing every founder needs (00:06:54) Sectors in which Vivek is interested (00:09:33) Why Madrona (00:11:24) Vivek's book recommendation (00:13:16) What Vivek does outside of the office
#59 - Aseem Datar - Partner at Madrona Ventures - From Intern to General Manager at Azure
Aseem joined Madrona in 2021 after spending almost twenty years as an operating executive. He works alongside founders building the future of next-generation infrastructure (core, security, DevOps), intelligent applications, robotics, and automation. Full conversation includes: From Intern at Windows to GM at Microsoft Azure GM at Azure to Investing at Madrona Investing at Madrona Startups vs Big Tech in AI Commoditization of LLMs Difference between LLMs & Human Brains Follow Aseem on LinkedIn at https://www.linkedin.com/in/aseemdatar/ To stay up to date checkout thestartupproject.io & follow Nataraj on twitter: @natarajsindam
Numbers Station Founders on Applying Foundation Models to Data Wrangling
This week, Madrona Managing Director Tim Porter talks to Numbers Station Co-founders Chris Aberger and Ines Chami. We announced our investment in Numbers Station's $17.5M Series A in March and are very excited about the work they're doing with foundation models, which is very different than what has been making headlines this year. It isn't content or image generation – Numbers Station is bringing the transformational power of AI inside of those foundation models to the data-wrangling problems we've all felt! You can't analyze data if the data is not prepared and transformed, which in the past has been a…
Investor Spotlight with Jon Turow
Get to know Madrona Partner Jon Turow. Learn why he got into VC, what he looks for in founders, where the opportunities lay for founders when it comes to generative AI, and what he enjoys doing outside the office. (00:00:00) Introduction (00:00:39) Jon Turow's background (00:01:19) Why venture capital (00:02:27) Why Madrona (00:03:20) Opportunities in generative AI (00:05:35) What Jon looks for in founders (00:07:02) Jon's book recommendations (00:08:58) What Jon does for fun
MotherDuck's Jordan Tigani and DuckDB's Hannes Mühleisen on partnerships and commercializing open-source projects
This week, Madrona Partner Jon Turow brings us a story about a great partnership forming between two people, who had never even met, when they each find themselves on a mission to focus on what it is they do best. You'll hear from Hannes Mühleisen, creator of the DuckDB open-source project, and Jordan Tigani, the database leader who saw an opportunity to commercialize it, about the lightning-bolt moment that led to one of them flying halfway around the world to meet — how does this happen and how do they set their partnership up to be the foundation of a…
GitHub CEO Thomas Dohmke on Generative AI-powered Developer Experiences
Today we have the pleasure of hosting GitHub CEO Thomas Dohmke! He and Madrona Partner Aseem Datar talk about how Thomas got into working with computers and coding and the work he's been doing since becoming GitHub CEO in November 2021, including the recent launch of Copilot X. But these two discuss so much more, including the rise of generative AI, talking about everything from how it is a new way for developers – everyone really – to express their creativity to how it democratizes many skills and access to those skills. They also discuss how the constantly evolving world…
IA40 Spotlight: Credo AI's Navrina Singh on 'AI-First, Ethics Forward' Responsible AI
In this week's IA40 Spotlight Episode, Madrona Investor Sabrina Wu talks with Credo AI Founder and CEO Navrina Singh. Founded in 2020, Credo's intelligent responsible AI governance platform helps companies minimize AI-related risk by ensuring their AI is fair, compliant, secure, auditable, and human-centered. The company announced a $12.8M Series A last summer to continue its mission of empowering every organization in the world to create AI with the highest ethical standards. Navrina and Sabrina dive into this world of governance and risk assessment and why navrina wanted to make governance front and center rather than an afterthought in the…
Acquired Hosts Ben and David on Getting Started at Madrona and Tom Alberg's Legacy
This week, we're excited to release a special live episode recorded during the community event portion of the Madrona 2023 annual meeting. Managing Director Matt McIlwain talks with Madrona Alumni and Acquired Podcast Hosts Ben Gilbert and David Rosenthal. The three reflect on Acquired episode No. 28, which dove into the Amazon IPO with the late Madrona Co-founder and original Amazon Board Member Tom Alberg, and the early days getting the show off the ground from the Madrona offices.
Common Room's Viraj Mody on Building Community, Foundation Models and Being Relentless
Madrona Managing Director Soma dives into the world of intelligent applications and generative AI with Common Room Co-founder and CTO Viraj Mody. Madrona first invested in Common Room in 2020 — and we had the pleasure of having the founders join us on Founded & Funded the following year. Common Room is an intelligent community growth platform that combines engagement data from platforms like LinkedIn, Slack, Twitter, Reddit, GitHub, and others with product usage and CRM data to surface insights from across an organization's entire user community. Customers like Figma, OpenAI, and Grafana Labs use Common Room to better understand…
Investor Spotlight with Matt McIlwain
Get to know Madrona Managing Partner Matt McIlwain. Learn where he gets his spark to work with entrepreneurs, what he looks for in founders, where the opportunities lay for founders when it comes to generative AI, and what he enjoys doing outside the office.
Leaf Logistics CEO Anshu Prasad on Applying AI to Freight and Transportation Logistics
In this episode of Founded & Funded, partner Aseem Datar talks with Leaf Logistics Co-founder and CEO Anshu Prasad. Leaf is applying AI to the complexities of the freight and transportation industry, connecting shippers, carriers, and partners to better plan, coordinate, and schedule transportation logistics. This enables network efficiencies and unlocks a forward view of tomorrow's transportation market while simultaneously reducing carbon emissions. Leaf Logistics was founded in 2017, and Madrona joined Leaf's $37 million series B in early 2022. From the beginning, Leaf has been fighting the one-load-at-a-time way that trucking has historically been conducted. The company analyzes shipping…
Lexion's Gaurav Oberoi on Applying AI to Change an Industry
In this week's IA40 Spotlight Episode of Founded & Funded, Investor Elisa La Cava talks to Lexion Co-founder and CEO Gaurav Oberoi. Lexion was one of the first spinouts from AI2, and Madrona invested in the first round the company raised in 2019. Like many companies that come from AI2 – Lexion is focused on applying AI to change an industry. Specifically, Lexion helps legal teams at enterprises manage contracts – and they are one of the companies that have added features using OpenAI's GPT technology.
IA40 Spotlight: A-Alpha Bio's David Younger on machine learning in biotech, building cross-functional teams
This week on Founded & Funded, Partner Chris Picardo is talking with A-Alpha Bio Co-founder and CEO David Younger for our first Intelligent Application 40 Spotlight episode of 2023. We announced the 2022 IA40 winners in October, and A-Alpha was the first biotech company to make the list, which was no surprise to us. As one of our portfolio companies, we know the work David and his team are doing at the intersections of biological and data/computer sciences will change the world — but having a group of judges agree with us makes us all the more certain. Protein interactions…
IA40 Spotlight: dbt Labs Founder Tristan Handy on the modern data stack, partnerships, and creating community
In this week's IA40 Spotlight episode of Founded & Funded, Madrona partner Jon Turow talks with dbt Labs Founder and CEO Tristan Handy. Here at Madrona, we just announced our 2022 IA40, and dbt Labs is one of our two-time winners. The company has positioned itself as the industry standard for data transformation in the cloud, and it raised $222 million at the beginning of the year, which was led by Altimeter, but Databricks and Snowflakes both participated in the round, further solidifying dbt's place and the modern data stack. Jon and Tristan dive into the concept of epistemic truth…
IA40 Spotlight: Fivetran CEO George Fraser on Data Replication and Connectors
This week Madrona Investor Sabrina Wu talks with Fivetran Co-founder and CEO George Fraser. Fivetran is fundamentally a data replication company — that's how George explains it. But the company actually started out trying to solve a completely different problem when it was founded in 2012 and pivoted to strictly data integration in 2015 after multiple customers started asking for help. But in attacking that problem differently than it had ever been done before — by only focusing on replicating people's data into the desired destination w/o getting sucked into any of the workflows that the user intended to do…
IA40 Spotlight: Tesorio Co-founders Carlos Vega and Fabio Fleitas on Automating Accounts Receivable
In this IA40 spotlight episode, Managing Director Hope Cochran talks with Tesorio Co-founders Carlos Vega and Fabio Fleitas about getting finance teams out of the world of manual, error-prone and inefficient spreadsheets and equipping them with intelligent applications more common in other parts of a company. That's where Tesorio comes in — they offer automation solutions designed to help companies manage accounts receivable — in other words, they help companies turn their revenue into cash. The platform replaces that tedious and manual collections processes with accurate, real-time predictions, optimized workflows, and actionable insights based on behavioral trends. Tesorio raised a…
Insights from the life of early Amazon investor and Seattle business leader Tom Alberg
Seattle investor and business leader Tom Alberg, who died last week at the age of 82, was a key figure in the e-commerce and wireless industries, and in the Seattle startup community, through his roles as an early Amazon investor and longtime board member, executive at McCaw Cellular, and co-founder of Madrona Venture group. On this episode of the GeekWire Podcast, Todd Bishop and John Cook share their own insights from Alberg's life. See our earlier coverage for more on Alberg’s legacy; read tributes from his friends and colleagues; and see Madrona’s LinkedIn post for more remembrances from those who…
Top Tier's David York on Limited Partners, Market Conditions
In this episode of Founded and Funded, we stray a little from our typical format to answer some questions that often come up in discussions between founders and our investors. Madrona Managing Director Matt McILwain talks with one of our Limited Partners — or the partners of ours that are not the day-to-day investors — Top Tier Capital Partners Founder and Managing Director David York. They explore different kinds of funding mechanisms, the current market conditions, and a bit of a history between the two firms – more specifically, why this San Francisco-based firm decided to bet on Seattle and…
Wild times for tech startups
What the heck is going on in the economy, and how will the current market gyrations and geopolitical uncertainty impact startups and venture capital? To help answer these questions we invited Tim Porter to join us this week on the GeekWire Podcast. He's a Madrona Venture Group managing director who has invested in early-stage technology startups at the Seattle-based venture capital firm for the past 15 years, in areas including cloud, AI and enterprise software companies. Follow along with our extended notes from the discussion. With GeekWire co-founder John Cook. Edited by Curt Milton; Theme Music by Daniel L.K. Caldwell…
Robotics Expert Sidd Srinivasa on Trends and What's Ripe for Innovation
In this episode of Founded and Funded Madrona Investors Aseem Datar and Sabrina Wu sit down with robotics expert and University of Washington Professor Sidd Srinivasa to talk about the technology and sociological trends that are leading to innovation in the robotics space, where Sidd sees opportunities for founders, and why now it is a time to pay attention to what's happening in the space. Sidd also shares why he is what he calls an "accidental roboticist" and some of the hard-learned lessons from throughout his extensive career.
IA40 Spotlight - Madrona and PitchBook Partner for IA40
Madrona investor, Ishani Ummat, speaks with PitchBook Data leader, Daniel Cook, about bringing machine intelligence to the IA40 list. Their new algorithm takes many data points and creates a company score to predict company outcome probability. They previewed this work by analyzing last year's IA40 list and found that late stage companies were 60% more likely to IPO. Listen as Ishani and Daniel talk numbers and what it means for companies building intelligent applications.
#20 Mike Fridgen: Seattle based Startup Incubator Madrona Venture Labs
In this Episode of Startup Project, Nataraj talked to Mike Fridgen, Managing Director at Madrona Venture Labs a Seattle based tech startup incubator. Some of the companies incubated include Style Genome (Acq by Wayfair), Chatitive (Acq by MailChimp), Message Yes (Acq by Nordstrom) & more. Before joining Madrona Venture Labs Mike was part of founding teams at Farecast (Acq by Microsoft) & Decide (Acq by Ebay) where he led product and growth strategies. Full Conversation includes: Farecast.com (Predicting prices) - Acquired by Microsoft Decide.com (next gen consumer reports) - Acquired by Ebay Through line across being part of multiple acquisitions…
Fund History
People
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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
