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
Madrona Ventures Backs AI-Powered E-Commerce Startup Spangle Led by Ex-Bolt CEO Maju Kuruvilla
Spangle, a new AI-driven e-commerce startup led by former Bolt CEO and Amazon VP Maju Kuruvilla, has emerged from stealth with seed funding from Madrona and Streamlined Ventures. The company aims to revolutionize online shopping personalization by bridging hyper-targeted marketing and broad customer experiences.
Seattle AI Marketing Startup Gradial Raises $13M Series A Led by Madrona to Scale Automation Platform
Seattle startup Gradial raised $13 million in a Series A round led by Madrona to expand its AI platform that automates marketing content operations. The company has experienced 30x revenue growth and plans to double its staff to accelerate product development and customer acquisition.
Seattle Venture Capitalists Urge Founders to Prioritize Practical AI Over Pursuit of AGI
Seattle venture capitalists at a Plug and Play event encouraged tech founders to focus on building practical AI products for specific industries rather than chasing artificial general intelligence (AGI), which they believe is uncertain and not imminent.
Seattle Venture Capitalists Say AI Boosts Startup Opportunities but Competition Is Fierce
Seattle-area venture capitalists highlight that AI advancements make now an excellent time to start startups due to lower capital needs and broad industry opportunities, but warn of intense competition as many similar ventures emerge rapidly. Founders are encouraged to develop unique advantages to stand out and attract investment amid a flood of new ideas and competitors.
Nautilus Biotechnology Lays Off 16% of Staff, Postpones Proteome Platform Launch to Late 2026
Nautilus Biotechnology laid off 16% of its workforce to extend its cash runway into 2027 and delayed the commercial release of its proteome analysis platform until late 2026. The company aims to control operating expenses and maximize its impact on biological science, focusing on proteomics to advance drug development.
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.
Former Microsoft engineers Koukoumidis and Elachqar launch Bellevue AI lab Oumi with $10M seed round
Bellevue-based AI lab Oumi, founded by former Microsoft engineers Manos Koukoumidis and Oussama Elachqar, launched with $10 million in seed funding to build a collaboration platform for AI researchers and developers and has partnered with academics from Caltech, MIT, UW and Stanford. The startup has 10 employees, one research fellow, dozens of founding scholars, and space in UW's Global Innovation Exchange in Bellevue.
Serial Entrepreneur Mohit Aron on Founding, Scaling, and Leading Category-Leading Companies
What does it take to go from engineer to founder, from startup CEO to scale CEO? In this special live episode of Founded & Funded, Madrona Managing Director Karan Mehandru sits down with Mohit Aron, founder of Nutanix and Cohesity, to uncover the lessons behind his success. Mohit shares his unique hiring strategy, how to identify product-market fit, and the power of balancing vision with execution. Whether you're navigating your first company or scaling your third, Mohit's advice is a masterclass in resilience, grit, and building a legacy. Full Transcript: https://bit.ly/42xnyD9 Chapters: (00:00) Introduction (02:04) Traits of Successful Founders (05:03)…
GeekWire Podcast Discusses OpenAI's $500B Stargate Project with Microsoft, Madrona’s $770M Fund, and Industry Impact
The GeekWire Podcast covers OpenAI's Stargate Project with Microsoft and others, Satya Nadella's investment remarks, Elon Musk's potential influence on tech policy, and Madrona's $770M new funds boosting Pacific NW startups.
Stargate, OpenAI and Microsoft; BlueSky in Seattle; and Madrona's big new funds
This week, we delve into the Project Stargate announcement by OpenAI, Oracle and Softbank, in conjunction with President Trump, and assess the implications for OpenAi's relationship with Microsoft. We explain what Microsoft CEO Satya Nadella really meant with his CNBC zinger about the Stargate investment, and consider how Elon Musk's involvement in the new administration could play out in the tech industry. PLUS, we discuss Madrona's big new funds and the potential impact on startup activity in the Pacific NW, and find a revealing piece of Microsoft history on an old CD-ROM. Related stories: Microsoft and OpenAI tweak the terms…
Madrona Raises $770M for Two New Funds to Back Early and Late-Stage Tech Startups Amid VC Slowdown
Madrona, the largest venture capital firm in the Pacific Northwest, raised $770 million for two new funds focusing on early-stage and more mature tech startups despite a challenging VC fundraising environment in 2024. The firm plans to invest in about 30 companies at early stages and 12 at later stages, maintaining its strong position amid a slowdown in the broader venture capital sector.
Gen AI Series - The AI agent redefining travel: Managing Director Mike Fridgen, Madrona Venture Labs
New episode location: https://www.youtube.com/watch?v=CO5SOfXRduE&list=PLqH2XogpwLRmYvCCxOj-W-eOAlCrhrk7i&index=22 Learn about the founding of Otto from Mike Fridgen, the Managing Director of Madrona Venture Labs where this concept was incubated. Otto is your personal AI travel agent that seeks to be as valuable and insightful as a dedicated personal assistant. Otto offers enterprise-grade travel booking and servicing capabilities through an easy-to-use AI travel agent that autonomously plans, books, and manages your travel, even during your trip. As Managing Director of Madrona Venture Labs (MVL), Mike Fridgen leads the studio's mission to partner with founders from day one to create extraordinary companies. Mike co-founded multiple MVL…
Steve Singh of Madrona Ventures Group on upending corporate travel - The #Phocuswright Conference
Entrepreneur, investor and business leader, Steve Singh is once again aiming to transform corporate travel. Learn how this visionary continues his quest to make "the perfect trip" a reality. Speakers Steve Singh Executive Chairman at Direct Travel, Center, Troop Travel and Spotnana, and Managing Director, Madrona Venture Group LLC Interviewer Linda Fox Executive Editor, PhocusWire
Breaking Conventional Wisdom: Jama Software's Blueprint for Profitable Growth
In this episode of Founded & Funded, Madrona Managing Director Tim Porter and Jama Software CEO Marc Osofsky discuss the intentional strategies that fueled Jama's transformation from $20M ARR to a $1.2 billion acquisition by Francisco Partners. Marc shares his blueprint for scaling with purpose, challenging conventional wisdom, and embedding efficiency into the DNA of a company. Key Takeaways Include: Accelerating Growth Conventional Wisdom: Scale your sales team rapidly to hit growth targets. Intentional Wisdom: Focus on improving win rates to double or 2.5x your capacity without adding headcount. TAM Conventional Wisdom: Prioritize the total size of your market potential…
Seattle Startup Groundlight Uses AI, Strobe Lights, and Radio to Stop Raccoons Invading Home via Cat Door
A Seattle AI startup called Groundlight helped solve a homeowner's raccoon problem using a system combining strobe lights, public radio, and AI to prevent raccoons from entering through a microchip-detecting cat door. The raccoons had learned to bypass the specialized cat door's intruder mode, but the AI-based solution effectively deterred them.
Julie Sandler to Shift from Managing Director to Venture Partner at Pioneer Square Labs in Late 2024
Julie Sandler, managing director at Pioneer Square Labs since 2017, will transition to a venture partner role in late 2024 while continuing to engage with the firm and its portfolio. She will also chair the Washington Roundtable next year, reflecting her ongoing influence in the Pacific Northwest tech and business communities.
Archon's Jamie Lazarovits on Unlocking the Full Power of Antibodies With AI
What does it take to move from cutting-edge academic research to launching a biotech company that could transform medicine? In this week's episode of Founded & Funded, Madrona Partner Chris Picardo sat down with Jamie Lazarovitz, CEO and co-founder of Archon Biosciences, to uncover the story behind their groundbreaking protein-based biologics and their unique Antibody Cages (AbCs). From bootstrapping deep tech investments as a student to navigating the challenges of commercializing revolutionary science, Jamie shares the pivotal moments, tough decisions, and key lessons that led to Archon's creation. This isn't just a story for biotech enthusiasts — every founder can…
Former Salesforce Exec Tony Alika Owens Named CEO of $1B-Valued Customer Data Startup Amperity
Tony Alika Owens, a former Salesforce executive, was appointed CEO of Seattle-based customer data platform startup Amperity, which reached a $1 billion valuation in 2021. Owens plans to expand Amperity's AI-driven product offerings and target more technical users and smaller customers.
UW Allen School's AI-Powered Remote Work Project Wins Madrona Prize at Annual Research Showcase
At the University of Washington's Paul G. Allen School annual Research Showcase, the Madrona Prize was awarded to a PhD-led team using AI to enhance remote work communication, including projects like Meeting Bridges. The event highlighted over 100 student projects and emphasized the intersection of research and commercial potential, with Madrona also recognizing two runner-up teams.
Beyond the Model: Taking AI From Prototype to Production with Unstructured's Brian Raymond
In this episode of Founded & Funded, Madrona Managing Director Karan Mehandru hosts Brian Raymond, founder and CEO of 2024 IA40 winner Unstructured. Unstructured turns raw, messy, unstructured data into something AI tools can actually process — a typically expensive and time-consuming process for companies hoping to save money with the tools themselves. Brian and Karan explore some of the biggest trends in AI, including moving from prototype to production, the rise and fall of vertical applications, the shift toward powerful horizontal solutions, whether the ROI will be there on all this capital investment into AI, and the trough of…
Archon Biosciences Raises $20M to Develop AI-Optimized Antibody Cages for Disease Treatment
Archon Biosciences has emerged from stealth with $20 million in seed funding led by Madrona Ventures to develop Antibody Cages, computationally designed protein structures optimized with AI for treating cancer and other diseases. The technology builds on protein design research linked to a recent Nobel Prize awarded to University of Washington biochemist David Baker.
Seattle Startup Read AI Raises $50M Series B to Accelerate Growth of AI-Powered Enterprise Productivity Tools
Seattle startup Read AI, selling generative AI-powered enterprise productivity tools, has raised $50 million in a Series B round to accelerate growth, boasting 75% of the Fortune 500 as users and adding 100,000 new accounts weekly without marketing spend. The company aims to expand its 'copilot everywhere' vision by integrating AI across communication platforms like email, messaging, and video calls, with plans to add predictive analytics and automation.
Travel Again Podcast - Interview with Steve Singh | S2E5
TRAVEL AGAIN Podcast presents… The Bi-Weekly Travel Roundup, covering the headwinds and tailwinds Impacting the Business of Travel. This week, we interview Steve Singh, Managing Director, Madrona Venture Group & CEO Spotnana
Seattle Venture Day 2024 - Highlight Video
Seattle Venture Day is OneSixOne Ventures' flagship Seattle tech event. The 2nd annual event brought together 250+ tech leaders, investors and founders at the Queen Anne Beerhall for networking and some insightful dialogues about build and investing in startups. The event featured a fireside chat with Matt McIlwain, Managing Partner at Madrona (3x Forbes Midas list) in addition to panel discussions featuring other notable speakers such as Geoff Entress (Pioneer Square Labs), Bill McAleer (Voyager Capital), Aviel Ginzburg (Founders Co-op), Kristen Hamilton (Enjoy The Work), Maria Colacurcio (Syndio), Laura Ruderman (Technology Alliance), Kirby Winfield (Ascend VC), Julie Sandler (PSL Ventures)…
Perseverance Over Speed: Creating a New Category with Impinj's Chris Diorio
In this episode of Founded & Funded, Madrona Managing Director Tim Porter and Venture Partner Patrick Ennis host Chris Diorio, co-founder and CEO of Impinj, the pioneer and world leader in RFID technology. Patrick and Chris have known each other for more than 24 years — since Madrona and ARCH Venture Partners co-led Impinj's first round of financing in the summer of 2000. In this episode, these three reminisce about old times and share some fun stories while diving into what it takes to truly launch a new category — and the patience required by both entrepreneurs and investors when…
Fund History
People
See all 15-
Bill Ruckelshaus Founder, Founder and Strategic Director
-
Paul Goodrich Founder
-
Steve Singh Founder, Co-founder of Concur and Managing Director
