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Madrona Venture Labs raises $8M and turns investors like Spencer Rascoff into co‑founders of spinouts
Madrona Venture Labs has raised $8 million for its fourth fund and introduced a model that makes investors — including Spencer Rascoff, Julie Larson-Green and Elena Donio — co-founders, board members, and advisors of its spinouts to attract talent and accelerate startup formation. Founded in 2014, the Seattle-based studio has spun out more than a dozen companies, including recent spinouts Zeitworks, Simplata, and Stratify.
Madrona leads $3.9M seed for Strike Graph to automate SOC 2 compliance, promises 45-day certification
Seattle startup Strike Graph, spun out of Madrona Venture Labs, raised $3.9 million in a seed round led by Madrona Venture Group to help B2B companies automate and accelerate SOC 2 compliance. The five-person team, led by CEO Justin Beals and co-founder Brian Bero, says its platform can deliver SOC 2 Type 1 certification in 45 days and save customers roughly $50,000 in consultant fees.
Madrona Venture Labs spinout StrikeGraph launches to automate SOC 2 compliance, led by Justin Beals and Brian Bero
Madrona Venture Labs has launched StrikeGraph, a Seattle startup led by Justin Beals and Brian Bero that automates and simplifies the SOC 2 cybersecurity compliance process to reduce time and cost for companies seeking certification.
