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
Truveta CEO Terry Myerson to Retire End of September; Co-founders Ryan Ahern and Jay Nanduri Named Interim Co-CEOs
Terry Myerson will retire as Truveta CEO at the end of September after leading the Bellevue-based health data company since its 2020 launch, and two co-founders will serve as interim co-CEOs while the board searches for a permanent successor. Truveta, valued at over $1 billion after a $320 million funding round in January 2025, stores and categorizes electronic health records for research and counts 30 health system members.
Temporal raises $550M at $12.55B valuation to commercialize durable-execution backbone for AI agents
Temporal raised $550 million at a $12.55 billion valuation, more than doubling its February valuation, after building durable-execution software used by customers including OpenAI, Nvidia, Netflix, Snap and JPMorgan Chase. Co-founders Samar Abbas and Maxim Fateev say the company’s technology, developed over years from their AWS Simple Workflow Service experience, records each step of long-running distributed programs so they can survive crashes and continue rather than failing midwork.
Buywander Raises $21M Series A Led by Madrona Venture Group and Inspired Capital, Total Funding Now $28M
Buywander, a Seattle auction marketplace for returned and overstock retail inventory, raised $21 million in a Series A round co-led by Madrona Venture Group and Inspired Capital, bringing total funding to $28 million. The company will use the funds to expand nationally, invest in technology, and grow its leadership team.
BuyWander raises $21M after moving HQ to Kent, will expand fulfillment centers in Denver, Chicago and Minneapolis
BuyWander, a 3-year-old auction marketplace for returned and overstock goods, raised $21 million after relocating its HQ from Spokane to Kent and will use the capital to expand fulfillment centers and hiring in markets like Denver, Chicago and Minneapolis.
Truveta CEO Terry Myerson to Retire in September; Co-founders Jay Nanduri and Ryan Ahern Named Interim Co-CEOs
Terry Myerson, co-founder and CEO of Truveta, will retire at the end of September and become an advisor, while co-founders Jay Nanduri and Ryan Ahern will serve as interim co-CEOs as the board searches for a permanent replacement; Truveta has grown to about 500 employees, a valuation above $1 billion, and aggregates de-identified records from 30 U.S. health systems for customers including drug makers and researchers.
Buywander raises $21M Series A from Madrona Venture Group and Inspired Capital, total funding $28M
Buywander, an auction marketplace for returned and overstock retail inventory, raised $21 million in a Series A led by Madrona Venture Group and Inspired Capital, bringing total funding to $28 million. The Seattle-based startup—launched in 2023 by Jordan Allen and Brock Kowalchuk—will use the capital to expand nationally, invest in technology, and grow its leadership team.
Truveta CEO and co-founder Terry Myerson to retire after 6+ years; announcement dated Sept. 15, 2026
Truveta CEO and co-founder Terry Myerson announced his retirement effective after more than six years leading the company and over 30 years in technology, data, and healthcare; he helped grow Truveta into a partner to 100+ organizations using real-world clinical data from 140 million patient journeys. The announcement was made in a Sept. 15, 2026 Globe Newswire release from Bellevue, Wash.
Buywander raises $21M Series A led by Madrona, Inspired Capital to expand returns auction marketplace
Buywander raised $21 million in Series A funding led by Madrona Venture Group and Inspired Capital to expand its auction-based marketplace for returned and overstock retail goods across the U.S., bringing total funding to $28 million. The company, founded in 2023, operates timed online auctions with local warehouse pickup, plans national rollout and tech and team expansion, and currently has eight locations.
Buywander raises $21M Series A led by Madrona Venture Group and Inspired Capital, bringing total funding to $28M
Buywander, a Seattle-based auction marketplace for returned and overstock retail inventory, raised $21M in a Series A on September 15, 2026 to fund national expansion, technology investment, and leadership hires; the round was led by Madrona Venture Group and Inspired Capital and brings total funding to $28M.
BuyWander raises $21M Series A from Madrona and Inspired Capital, moves HQ to Seattle-area Kent to fuel nationwide warehouse expansion
BuyWander raised $21 million in a Series A led by Madrona Venture Group and Inspired Capital as it relocates its HQ to the Seattle area and expands nationwide, citing 400% year-over-year growth and 50,000 active customers. The auction-based marketplace for retail returns and overstock will use the funding to invest in technology and scale warehouses after recent launches in Denver and Chicago.
Temporal raises $550M Series E at $12.55B valuation as agentic AI demand lifts revenue past $250M ARR
Temporal raised $550 million in a Series E at a $12.55 billion valuation as demand for agentic AI systems drives rapid growth; its annualized revenue run rate recently surpassed $250 million, up over 200% year-over-year. The Bellevue-based open-source platform, co-founded by Samar Abbas and Maxim Fateev, doubled headcount to 570 to support major customers like OpenAI, NVIDIA, Netflix and JPMorgan Chase using its durable execution engine for multi-step AI workflows.
PitchBook: Over 95 Investors — Including Founders Fund, Coatue, HSG and Altimeter — Could Profit from Anthropic's 2025 IPO
Many investors stand to profit from Anthropic's anticipated 2025 IPO because a wide range of venture capital firms, hedge funds, tech companies and sovereign wealth funds hold stakes; PitchBook data show significant overlap with OpenAI backers and very large capital raised by both companies.
NewDays raises $16M seed round led by Madrona and General Catalyst, expands AI-driven dementia care to Nevada
Seattle startup NewDays closed a $16 million seed round led by Madrona and General Catalyst to scale a telehealth program combining clinicians with an AI companion, Sunny, for treating mild dementia; early research suggests the platform may preserve about 18 months of cognitive function and the service now operates in six states including Nevada.
Madrona’s 2026 IA40 lists 45 private AI firms with $410B raised, Anthropic, OpenAI and Databricks hold 92%
Madrona's sixth annual Intelligent Applications 40 names 45 private AI companies that together raised $410 billion, with Anthropic, OpenAI and Databricks accounting for 92% of that total. Rising round sizes forced Madrona to raise its own funding thresholds for "early stage" to $50M and "emerging enablers" to $100M, highlighting a split between capital-heavy frontier labs and comparatively capital-light downstream builders.
OnTrade launches AI layer for wealth managers to connect CRM, accounting and trading systems — founded 2024 by Subramanian, Williams and Harl
OnTrade, founded in 2024 by Raji Subramanian, Matt Williams and Zachary Harl, is a Seattle AI startup that integrates with existing wealth management software to enable AI agents to scan portfolios, identify tax-loss harvesting and drift, and prepare reports while leaving humans to approve work. The company has raised an undisclosed amount from General Catalyst, Madrona and angel investors and aims to be an operating AI layer rather than a replacement for systems like Envestnet, Orion or Addepar.
Pro.com co-founders Subramanian, Williams and ex-BofA CIO Zachary Harl launch OnTrade, an AI startup for wealth managers backed by General Catalyst and Madrona
Pro.com co-founders Rajalakshmi “Raji” Subramanian and Matt Williams, with Zachary Harl, launched OnTrade, an AI startup for wealth management that has been building in stealth since 2024 and is backed by General Catalyst, Madrona and angels to deploy AI agents that automate advisors' analytical tasks while keeping human approval.
Judge Orders Guardant Health to Pay $245M to TwinStrand and University of Washington, Plus 6% Royalties Through March 2033
A federal judge ordered Guardant Health to pay more than $245 million to TwinStrand Biosciences and the University of Washington for willful infringement of Duplex Sequencing patents and imposed a 6% royalty on covered sales through March 2033. The judgment includes jury damages, supplemental damages, accrued royalties and interest, and recognizes UW-developed technology that greatly increases DNA sequencing accuracy.
Seismic completes acquisition of Highspot; product rebranded ‘Highspot by Seismic,’ Seattle kept as R&D site
Seismic completed its acquisition of Seattle-based Highspot, folding the company into Seismic and rebranding the product as “Highspot by Seismic,” while naming Seattle among several global R&D locations. The combined company—led by Seismic CEO Rob Tarkoff with Highspot co-founder Robert Wahbe expected to join the board—serves 2,500 customers and 3.5 million users and plans to invest over $100 million annually in R&D; financial terms were not disclosed.
Lev names startup veteran Jay Bartot as CTO to build its ‘AI co-founder’ and productize PSL playbook
Lev, a Pioneer Square Labs spinout building an 'AI co-founder' for entrepreneurs, named veteran startup builder Jay Bartot as CTO to help productize the venture-studio playbook and launched Lev Learn, a free guide to startup terminology.
Faye Raises $50M Series C Led by Madrona Venture Group, Reaches $100M Total Funding
Faye, an AI-powered travel insurance platform founded in 2022 and headquartered in Tel Aviv with U.S. operations in Richmond, Va., raised $50 million in a Series C led by Madrona Venture Group, bringing total funding to $100 million. The company plans to use the capital for growth after doubling revenues, opening its U.S. headquarters, and earning a Time Best Invention mention.
Faye Raises $50M Series C Led by Madrona, Bringing Total Funding to $100M
Faye, an AI-powered travel protection platform based in Richmond, Virginia, raised $50 million in a Series C led by Madrona on August 5, 2026, bringing total funding to $100 million to support international expansion, partnerships, and AI investments.
Insurtech Faye raises $50M led by Madrona, bringing total funding to $100M as it scales AI and international growth
Faye, a Richmond-based travel insurance app, raised $50 million led by Madrona, bringing its total funding to $100 million since 2022 to scale AI, expand internationally, and improve claims and UX; the company reported millions of customers and $100 million in annualized revenue last year. Co-founder and CEO Elad Schaffer called the raise a shift from startup to scale-up as Faye pursues growth toward a possible future IPO.
Elad Schaffer announces Faye closes $50M Series C, reaching $100M total to scale AI traveler care
Faye announced it closed a $50 million Series C, bringing its total funding to $100 million to accelerate AI-driven autonomous traveler care, expand globally, and scale real-time support.
Faye Raises $50M Series C on Aug 5, 2026 to Build Autonomous AI Traveler Care Platform, Total Funding Reaches $100M
Faye announced a $50 million Series C on Aug 5, 2026 to build an autonomous AI platform for traveler care, bringing total funding to $100 million and funding AI investments, partnerships, and global expansion.
Elizabeth Liu celebrates an electric SeattleTechWeek, spotlights Crowd Cow customer Randa Minkarah and event highlights
Elizabeth Liu celebrates SeattleTechWeek, praising the region's fast-moving startup ecosystem, sharing event highlights (Madrona/J.P. Morgan pickleball, AI House BBQ, rave) and a chance meeting with early Crowd Cow customer Randa Minkarah.
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
