Rover
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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.
PitchBook and Madrona host live Founded & Funded podcast at Seattle Tech Week on July 23, 2026 to debate AI funding concentration
PitchBook will co-host a live recording of Madrona’s Founded & Funded podcast at Seattle Tech Week on July 23, 2026, featuring PitchBook EVP Nizar Tarhuni and Madrona Partner Sabrina Albert to discuss AI, funding concentration, and private-market trends.
Stefan Kalb Launches Super Labs with $8M Seed to Help Mid-Market Companies Adopt AI Without Tech Expertise
Seattle entrepreneur Stefan Kalb launched Super Labs in September to help mid-market businesses adopt AI without technical expertise, raising $8 million in seed funding led by FUSE. The platform connects non-tech companies with AI vendors and manages integration to prevent these companies from falling behind larger enterprises.
The Agentic Entrepreneur: How the next wave of AI is changing the startup playbook
This week on the GeekWire Podcast: How artificial intelligence is changing the way companies are created, built, and operated. We're on location at Pioneer Square Labs in Seattle with investor and entrepreneur T.A. McCann, a managing director at the startup studio and venture capital firm. He explains how AI agents are automating complex functions, letting small teams do the work that once required large groups of people. As AI makes product development easier, he says, the key strategic moat for many startups is now shifting to distribution and data. Other topics include: The wearable AI recorder that captures everything he…
week of may 12: Dan Shapiro - Glowforge
We're talking entrepreneurship, production facilities, and acquisitions with the founder and CEO of Glowforge - Dan Shapiro. As we break down the top stories of the week, he also shares how he came up with the idea of a 3D laser printer, how the tariffs are going to impact his business, and what he got wrong about Rover. Top Stories: 1. Glowforge makes production changes Amid tariff turmoil, Glowforge turns to Seattle for new production factory — with help from AI (Geekwire) 2. Tutta Bella expands Kroger deal Tutta Bella ramps up production after landing major Kroger deal (PSBJ) 3…
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.
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…
Who will be the Next Tech Titan? Previewing the GeekWire Awards
This week on the show, we get a sneak preview of the GeekWire Awards, coming up at the Showbox SoDo in Seattle on Thursday, May 9. We look back at the past winners of the Next Tech Titan title in the awards, and consider the event's track record in predicting major companies to emerge from Seattle and the Pacific Northwest. We also contemplate the evolution of the "Workplace of the Year" category through the rise of remote and hybrid work. And finally, we consider the impact of migration on another part of state: Spokane, Wash., and the Inland Northwest. See…
week of march 4: Emily Parkhurst - Formidable
Top Stories: 1. Expedia layoffs Geekwire article 2. Microsoft and Mistral AI Seattle Times article 3. Techstars accelerator closes Geekwire article 4. Blackstone acquires Rover PSBJ article 5. FTC blocks Kroger acquisition Seattle Times article 6. Burb’s Burgers closes Seattle Eater article Co-Host Emily Parkhurst: Emily Parkhurst was most recently the VP of Content at 6AM City. Prior to this role, she was the Publisher and Market President of the Puget Sound Business Journal. She was a Senior Reporter at The Forecaster where she won the Society of Professional Journalists' Sigma Delta Chi Award for Investigative Reporting in 2010. She…
Seattle Tech Startups Eye IPO Revival in 2024 After Two-Year Drought Amid Market Stabilization
Seattle's tech industry has seen no traditional IPOs in over two years amid a market slowdown, but optimism is growing for more public listings in 2024 due to a stabilized macroeconomic environment and a rising stock market. Experts caution that realistic pricing and market conditions will influence which startups decide to go public.
Six Former Amazon Execs Including Flexport CEO Dave Clark Depart $8 Billion Logistics Startup
Flexport saw the departure of six former Amazon executives, including CEO Dave Clark and president Teresa Carlson, highlighting recent executive turnover at the $8 billion-valued logistics company. Several of these leaders had long Amazon tenures before joining Flexport, which offers cloud-based freight forwarding and saw $3.3 billion in revenue in 2021.
Seattle’s Felix&Fido Raises $4M Pre-Seed Led by PSL Ventures and Rover to Launch Subscription Veterinary Care
Seattle startup Felix&Fido announced a $4 million pre-seed funding round led by PSL Ventures and Rover to launch subscription-based veterinary care combining telemedicine, in-clinic, and at-home services. Founded by former Army captain and Expedia executive Gavin Woody, the company aims to tackle the veterinary shortage with an innovative membership model.
#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…
Scott Jacobson
Scott Jacobson is a Managing Director at Madrona Venture Group, where he has spent over 14 years helping early-stage technology entrepreneurs in the Pacific Northwest build and scale their companies. Scott is on the boards of companies like Rover, Flexe, and CommerceIQ, and focuses much of his energy on consumer businesses or business technologies that have a significant consumer component. Prior to joining Madrona, Scott worked at Amazon, where he did two tours of duty, leading product management for Amazon’s 3rd-party seller platform and working on the launch of the original Kindle. See omnystudio.com/listener for privacy information.
GeekWire: Pacific Northwest records 55 exits and 282 VC deals this year, including Rad Power Bikes’ $154M round
GeekWire reports a surge in deal activity across the Pacific Northwest this year, tracking 55 acquisitions, SPACs, IPOs and private equity buyouts and 282 venture financings (nearly one per day). Notable transactions include Nintendo’s Jan. 5 acquisition of Next Level Games, BitTitan’s sale to Idera, and Rad Power Bikes’ $154 million funding round.
Startup secrets; Windows 11 launch; In defense of the Blue Yeti
A global pandemic might seem like the wrong time to pursue a new startup idea, given all the uncertainties, but in many ways, the timing couldn't be better. That's one of the insights from our GeekWire Podcast conversation this week with Seattle-area entrepreneur and investor Shirish Nadkarni, author of the book From Startup to Exit: An Insider’s Guide to Launching and Scaling your Tech Business. The changes in user behavior and tech platform shifts caused by the pandemic dovetail with one of the lessons Nadkarni is hoping to get across to entrepreneurs. "Look for opportunities where there is either some…
Remitly files S-1 ahead of IPO after 2020 revenue doubles to $257M and $1.5B valuation
Remitly filed an S-1 ahead of a conventional IPO, reporting $257M revenue and a $32.5M net loss for 2020 and $202M revenue with a $9.2M loss in H1 of the current year, with a $1.5B valuation from a July funding round and roughly $16.1B in trailing 12-month send volume.
How SPACs are shaking up Seattle's startup scene
An online marketplace that helps to facilitate trade between marijuana sellers and buyers will soon see its own stock traded on the Nasdaq. Another that connects pet owners with walkers, boarders and other caregivers just posted its first earnings as a publicly traded company. And a 3-year-old Redmond-based biotech company with a mere 25 employees just raised $80 million its stock market debut. SPACs are shaking up Seattle's startup scene. On this episode of the GeekWire Podcast, we examine how special purpose acquisition companies are turning startups into publicly traded stocks at a rapid clip. The SPAC phenomenon is giving…
AI2 spinout MajorBoost raises $350,000 pre-seed to automate insurance calls for medical providers
MajorBoost, an AI2 spinout founded by Lekshmi Venu, Ben Hesketh and Andrew Palmer, uses AI to automate insurance phone calls for medical providers to reduce time lost to eligibility and claim inquiries; it received $350,000 in pre-seed funding from AI2 and is preparing a seed round while running private beta customers.
Seattle startups raise record $3.1B in H1 2021, producing 12 local unicorns as Auth0 exits for $6.5B
Seattle-area startups raised a record $3.1 billion across 205 deals in H1 2021, driven by mega-rounds that produced at least 12 local unicorns and broader Pacific Northwest tech funding topping $5 billion. National VC activity and IPO/M&A dollar volumes are also surpassing prior records, with major exits like Auth0’s $6.5 billion acquisition by Okta highlighting regional maturation.
Updater acquires Seattle on-demand moving startup Dolly; terms undisclosed
New York moving services company Updater has acquired Seattle on-demand moving startup Dolly; terms were not disclosed and Dolly will operate as an Updater subsidiary with its Seattle team retained.
Zenoti raises $80M extension from TPG Capital, total funding $330M and valuation near $1.5B after December Series D
Zenoti raised an $80 million extension to its December Series D led by TPG Capital, bringing total funding to $330 million and valuing the company near $1.5 billion; the enterprise software serves over 12,000 spas, salons and wellness businesses across 50 countries. The company, founded by Sudheer and Dheeraj Koneru, charges per-store subscriptions, has a growing payments arm, saw revenue double in 2020, expects 120% growth in 2021, and plans expansion into pet grooming and fitness.
GeekWire Awards finalists highlighted as voting closes; virtual winners announced May 20
GeekWire's annual Awards event will be held virtually on May 20 after nearly 200 community nominations and over 6,000 reader votes; finalists are being highlighted for their rising positions on the GeekWire 200 ranking of Pacific Northwest private tech companies. Several finalists have 'exited' the ranking through IPOs or acquisitions, including Auth0, Accolade, Rover, and Sana Biotechnology, while others are not yet ranked.
Former Rover CTO Scott Porad named Dolly’s first CTO as Dolly plans headcount, sales expansion; Regi Vengalil to become Metromile CFO in May
Scott Porad, former Rover CTO, has joined Seattle peer-to-peer moving app Dolly as its first chief technology officer as the startup plans to double headcount and sales; Regi Vengalil will leave Egencia in May to become CFO of Metromile, a pay-per-mile insurer.
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Mike Fridgen Executive, Chief Operating Officer