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
Seattle Startup Yoodli Launches AI VC Pitch Coach to Help Founders Practice Investor Presentations
Seattle startup Yoodli launched an AI-powered VC pitch coach that helps startup founders practice investor presentations by simulating various VC question personas and providing detailed feedback. The tool aims to reduce pitch preparation anxiety and lessen mentors' workload, offering five free practice sessions before subscription fees start.
Seattle Cloud Firm Skytap Raises $18M from Vistara Growth to Expand Cloud Solutions
Seattle-based cloud company Skytap raised $18 million from Vistara Growth to enhance its cloud software offerings, serving clients with traditional applications like IBM Power. Founded 16 years ago and led by CEO Bradley Schick since 2019, Skytap counts investors including Goldman Sachs and Jeff Bezos among its backers.
Seattle Startup NoxuData Wins $250K from Madrona Venture Labs to Expand AI Data Platform for CPG Companies
Seattle-based startup NoxuData, which provides an AI platform to help consumer packaged goods companies analyze fragmented data, won $250,000 in pre-seed funding after winning the Madrona Venture Labs competition. Led by co-founders Dae Kim and David Lee, the company offers a conversational dashboard that delivers context-driven insights beyond financial metrics to improve decision-making.
Seattle Recruiting Startup SeekOut Cuts 7% Staff Amid Restructuring, Plans Growth to 225 Employees in 2024
Seattle-based recruiting software startup SeekOut laid off 16 employees (7% of its workforce) in a restructuring but plans to grow its team to 225 employees by year-end. The company, valued at over $1.2 billion after raising $115 million last year, uses AI technology and serves over 1,000 clients including Salesforce and McKinsey.
First Row Partners Launches $150K–$200K Startup Competition to Revive Pacific Northwest Angel Investing
Seattle venture capital firm First Row Partners has launched The Ensemble Event Fund, a startup competition offering $150,000–$200,000 to early-stage companies nationwide, aiming to revitalize the Pacific Northwest's angel investor network. The competition engages over 15 angel investors to boost capital deployment amid declining venture funding and a shrinking local angel community.
Pulumi Raises $41M Led by Madrona to Expand Infrastructure as Code Platform and AI Innovations
Seattle-based cloud startup Pulumi raised $41 million in a Series C round led by Madrona Venture Group to expand its infrastructure as code platform and develop new AI-powered products. Pulumi serves over 2,000 customers including half of the Fortune 50, with revenues doubling in the past year.
Seattle Logistics Unicorn Flexe Lays Off 131 Employees, Cutting 33% Amid Freight Market Slowdown
Seattle-based logistics startup Flexe, valued at $1 billion, laid off 33% of its workforce (131 employees) due to a freight industry slowdown. This follows a challenging market environment affecting several logistics startups despite previous pandemic-driven growth.
Bellevue VC Fuse Raises $250M Second Fund, Reaching $420M Total Since 2020
Bellevue-based venture capital firm Fuse raised $250 million for its second fund, bringing its total raised to $420 million across two funds since launching in 2020. The firm will continue investing in Pacific Northwest and western Canada B2B tech startups, leading seed and Series A rounds with $1 million–$10 million checks.
Seattle VC Firm Fuse Raises $250M Second Fund to Back 30-35 Pacific Northwest Startups
Seattle-based venture capital firm Fuse raised $250 million for its second fund to invest in early-stage enterprise software startups across the Pacific Northwest, aiming to back 30-35 companies despite a broader venture capital slowdown. Founded in 2020 with an initial $170 million fund, Fuse credits its growth to the strong local talent and entrepreneurial ecosystem.
Seattle’s Oldest Angel Group Puget Sound Venture Club Merges with Alliance of Angels After Nearly 40 Years
Puget Sound Venture Club, Seattle's oldest angel group founded by Gary Ritner in 1985, is merging its membership with Alliance of Angels to create a larger impact on the Pacific Northwest startup ecosystem. The merger involves around 30 members, no financial transaction, and plans for Ritner to remain actively involved in the combined group.
Seattle Startup MotherDuck Raises $52.5M Series B at $400M Valuation to Expand DuckDB-Based Analytics Platform
MotherDuck, a Seattle-based analytics startup founded by former Google engineer Jordan Tigani, raised $52.5 million in a Series B round at a $400 million valuation to advance its collaborative serverless analytics platform built on DuckDB. The funding follows prior rounds led by Andreessen Horowitz and Redpoint Ventures and aims to offer a simpler, cost-effective SQL analytics solution for businesses without petabyte-scale data.
Madrona’s Matt McIlwain Highlights Seattle as a Leading AI Hub on Shift AI Podcast
Matt McIlwain of Madrona Venture Group discusses Seattle's emergence as a top AI hub, attributing its success to a strong ecosystem of ideas, talent, and experimentation. He shares insights on AI's future and Seattle's role in tech innovation on the Shift AI Podcast hosted by Boaz Ashkenazy.
Madrona Leads Inaugural Seattle Tech Week July 31-August 4 Featuring AI-Focused Panels and Networking
Seattle venture firm Madrona, along with other local firms and tech leaders, is launching the inaugural Seattle Tech Week from July 31 to August 4 to connect the city's tech ecosystem through various events focused on AI and innovation.
Seattle Biotech Startup A-Alpha Bio Raises $22.4M to Advance AI Platform for Protein Interaction Analysis
Seattle biotech startup A-Alpha Bio raised $22.4 million to advance its AI-driven platform that measures protein interactions, partnering with major drug companies like Bristol Myers Squibb and Gilead Sciences to accelerate therapeutic development. Its platform combines computational tools and yeast experiments to analyze nearly 500 million protein-protein interaction measurements for drug discovery.
Seattle AI Startup Tangibly Raises $6.5M Seed Round to Protect Trade Secrets with Patent X-Ray Tool
Seattle-based security software startup Tangibly raised $6.5 million in a seed round to advance its AI-powered trade secret protection tools. Founded in 2021, the company helps clients secure intellectual property with features like its Patent X-Ray for patent drafting.
IBM Acquires Apptio for $4.6B After 16-Year Journey Including 2016 IPO and $1.94B Vista Buyout
Apptio's 16-year journey from a challenging IPO in 2016 to a $4.6 billion acquisition by IBM in 2023 exemplifies perseverance and long-term vision in enterprise tech. Originally valued at over $500 million at IPO, the company rebounded after setbacks, was acquired by Vista Equity Partners for $1.94 billion, and then sold to IBM, highlighting its growing impact in tech spending management.
IBM to Acquire Apptio for $4.6 Billion, Expanding its Cloud and IT Management Capabilities
IBM agreed to acquire Seattle-area cloud and IT management company Apptio for $4.6 billion, marking a significant milestone after Apptio's prior IPO and private equity acquisition. Apptio's SaaS technology helps companies manage tech spending and has grown to over $400 million annual revenue and 1,500 corporate customers, including half the Fortune 100.
Outbound AI raises $16M seed to expand AI virtual agents for healthcare revenue-cycle administration
Seattle-based Outbound AI raised $16 million in seed funding to expand its AI-powered virtual agents that handle healthcare revenue-cycle administrative tasks like eligibility verification, claims status, and prior authorization.
Madrona Venture Labs Raises $11M for Fifth Fund to Accelerate AI Startups, Including Generative AI
Madrona Venture Labs raised $11 million for its fifth fund to support AI startups, planning to back 12 new companies with a focus on intelligent applications and generative AI. Since its 2014 founding, the Seattle-based studio has raised $40 million, backed 32 companies, and offers funding and advisory services to early-stage startups.
Outbound AI Raises $16 Million to Expand GPT-Powered Healthcare Billing Automation Amid Rising Patient Demand
Outbound AI, a Seattle-based startup specializing in AI tools for healthcare billing automation, raised $16 million to advance its GPT-powered solutions that streamline insurance claims processes. The company aims to reduce administrative burdens on healthcare workers amid rising patient volumes by offering faster, cost-effective, and HIPAA-compliant AI services.
Statsig Releases Warehouse Native Platform and AI Experimentation Tools Under CEO Vijaye Raji
Statsig, founded by Vijaye Raji in 2021, has released Statsig Warehouse Native, enabling privacy-conscious companies to run A/B testing via their own data warehouses. The Seattle startup also launched generative AI experimentation tools and now serves hundreds of paying customers including Microsoft and Notion.
Heptio Founder Craig McLuckie and Luke Hinds Launch Stacklok, Raising $17.5M for Software Supply Chain Security
Stacklok, a new software supply chain security startup led by Heptio founder Craig McLuckie and Luke Hinds, has raised $17.5 million in Series A funding to help enterprises authenticate open-source code and mitigate vulnerabilities. The platform aims to enhance software development security by bridging enterprise needs with open-source standards.
Visual Layer Raises $7M Seed Round Co-led by Madrona, Founded by Former Turi CEO Carlos Guestrin
Visual Layer, a Tel Aviv startup co-founded by former Turi CEO Carlos Guestrin, raised $7 million in a seed round co-led by Madrona Venture Group to improve machine learning image datasets. The startup provides tools to automatically detect errors in large-scale image sets for better computer vision models.
Seattle VC Firm Ascend Raises $25M Second Fund to Boost AI Investments Amid Market Downturn
Seattle-based pre-seed venture capital firm Ascend, led by Kirby Winfield, raised a $25 million second fund focused on doubling down on artificial intelligence investments amid a challenging startup funding environment. Winfield, who has backed over 70 startups, predicts a further valuation correction but remains committed to early-stage investing.
Magnify Hires Apptentive Co-Founder Mike Saffitz as VP of Engineering; Amazon Names Eric Rimling Technical Advisor
Enterprise software startup Magnify appointed Mike Saffitz, co-founder of Apptentive, as its new VP of engineering following the departure of former CTO Jacob Sajo. Additionally, Eric Rimling was named technical advisor to Amazon CEO Andy Jassy, replacing Sara Duffer, while Seattle-based Almas Insights added William Tincup as an advisor.
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
