Madrona Venture Group is a venture capital firm founded in 1995 and headquartered in Seattle, Washington. The firm specializes in early-stage investments, focusing on technology startups primarily in the Pacific Northwest.
Madrona invests in a variety of technology sectors, including:
As of 2015, more than 90% of the firm's investments were in companies based in the Pacific Northwest.
In January 2025 Madrona announced the closing of two new funds totaling $770 million. This fundraise, marking the firm's 30th anniversary, is the largest in its history.
The $770 million is divided between two funds:
Madrona Fund X: Dedicated to early-stage investments, this fund will focus on pre-seed, seed, and Series A rounds.
Acceleration Fund IV: Aimed at later-stage companies, primarily at the Series B and C stages.
Investment Strategy
Madrona focuses on seed, startup, Series A, and early-stage investments. The firm partners with entrepreneurs from the inception of an idea through the growth stages of a company. In 2014, Madrona launched Madrona Venture Labs, an in-house startup incubator, to foster innovation and support new ventures.
Notable Investments
Madrona has invested in several successful companies, including:
