Zeitworks

Zeitworks is a company that was spun out by Madrona Venture Labs within the past 18 months.

Facts

HQ
Seattle
Sectors
Technology, Workforce Productivity, SaaS
Stage
Seed

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-led $4.5M seed funds Zeitworks, a Seattle ML startup co-founded by Ben Elowitz and CEO Ryan Windham

Seattle startup Zeitworks raised a $4.5 million seed round led by Madrona Venture Group with participation from JAZZ Venture Partners and Zillow co-founder Spencer Rascoff; the company uses machine learning to analyze and recommend improvements to repetitive business processes without back-end integrations. Zeitworks spun out of Madrona Venture Labs, is led by CEO Ryan Windham with co-founder Ben Elowitz, and plans to hire for several roles.

Ex-Docker CFO Brian Camposano launches stealth Seattle fintech Stratify; Concur founder Steve Singh named chairman

Former Docker CFO Brian Camposano launched a stealth Seattle fintech called Stratify after spinning out from Madrona Venture Labs, with Concur co-founder Steve Singh serving as chairman. The early-stage company — currently one employee and no public website — aims to use machine learning and AI to modernize corporate finance and deliver real-time insights for CFOs and finance teams.