Madrona Venture Group

Madrona Venture Group

A venture capital firm in Washington that focuses on investing in early-stage technology companies in the Pacific Northwest.

Madrona Venture Group is a venture capital firm in Washington that focuses on investing in early-stage technology companies in the Pacific Northwest. Founded 1995 in Seattle, Washington, United States by Paul Goodrich and Tom Alberg, it invests in early stage ventures, late stage ventures, seed, series A, series B, and series C rounds. Its portfolio companies include Redfin, Esper, Snowflake, LumaTax, and FreightWeb. As of April 2020, Madrona Venture Group has made 339 investments. Their most recent investment was on February 13, 2020, when Esper raised $7.6M. Madrona Venture Group has had 72 exits, the most notable of which include Redfin, Smartsheet, and Apptio. Madrona Venture Group has raised 12 funds, their latest being MADRONA ACCELERATION ENTREPRENEURS FUND. This fund was announced on May 14, 2019 and raised a total of $5.9M.

Timeline

1995

Founded

Funded Companies

Company
Description
Industry
Website
Location
UiPath

UiPath is a software company designing and developing robotic process automation software.

Snowflake Computing is a cloud-based data warehouse as a service company based in San Mateo, California founded in 2012.

Echodyne is a company developing compact, solid-state, high-performance radar system founded in 2014.

A-Alpha Bio is a startup that has built a platform technology and aims to speed up the development of new drugs.

Eclypsium protects the foundation of a computing infrastructure, controlling risks and stopping threats to enterprise firmware and hardware devices.

Envisagenics is a biotechnology company founded by Maria Luisa Pineda and Martin Akerman in 2014 and headquartered in New York City, New York using artificial intelligence and RNA sequencing to develop therapeutics to treat genetic diseases.

Haiku Deck is a company that provides a web or iOS app for creating presentations, founded by Adam Tratt, Kevin Leneway, and Kyle Kesterson.

Redfin is a Seattle-based company founded by David Selinger, David Eraker and Michael Dougherty.

Tesorio is a company providing a cash management platform streamlining B2B collections, currency exposure analysis, and cash flow forecasting with the use of machine learning.

Julep beauty, inc. is a privately held seattle, wa based cosmetics company.

Rapid7 is a Boston-based cybersecurity company providing security data and analytics solutions.

A company providing training content for company staff and a platform to track learning and development.

Shyft is a Seattle-based mobile enterprise company founded by Brett Patrontasch, Daniel Shudan Chen, Chris Pitchford and Kyle Liu.

Clari helps B2B organizations increase win rates, shorten sales cycles, improve forecast accuracy and drive full funnel accountability across their revenue engine.

GawkBox is a startup located in Seattle, WA. The company primarily offers users an ads based service to allow the transfer of real money donations to video game streamers. Users can download apps or watch ads in order to earn "Goins", which can be used to purchase Twitch subs or onstream stickers.

Bizible is a Seattle-based company founded by Andy Turman, Aaron Bird and Peter Thompson.

86 Results
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Associated investment funds

Investment Fund
Total offering (USD)
Total sold (USD)
Location
Date signed
MADRONA VENTURE FUND VII-A, L.P.
8,032,549
8,032,549
May 22, 2018
291,967,451
291,967,451
May 22, 2018
11,001,000
11,001,000
June 6, 2012
7,951,000
7,951,000
May 22, 2018
10,969,500
10,969,500
June 4, 2015
11,080,303
11,080,303
June 4, 2015
288,919,697
288,919,697
June 4, 2015
288,887,879
288,887,879
June 6, 2012
3,000,000
3,000,000
May 22, 2018
13,499,000
13,499,000
May 22, 2018
11,080,500
11,080,500
June 4, 2015
10,899,000
10,899,000
June 6, 2012
11,112,121
11,112,121
June 6, 2012
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People

Name
Role
LinkedIn

Ayush Agarwal

Employee

Brian Roberts

Investor

Camille Sutton

Employee

Cindy Petek

Employee

Daniel Li

Employee

David Rosenthal

Employee

Erika Shaffer

Employee

George Huang

Employee

Greg Brown

Investor

Greg Gottesman

Employee

Hakon Verespej

Employee

Hans Swildens

Investor

Hugh Crean

Investor

Jeff Schrock

Investor

Julie Sandler

Employee

Kerry Van Voris

Employee

Len Jordan

Partner

Maggie Boyer Finch

Investor

Maria Karaivanova

Employee

Matt Maximo

Employee

Matthew Witt

Employee

Meghan Brill

Employee

Nikesh Parekh

Employee

Paul Goodrich

Employee

Pauline Corporal

Employee

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Further reading

Title
Author
Link
Type
Date

Documentaries, videos and podcasts

Title
Date
Link

Companies

Company
CEO
Location
Products/Services

Esper

FreightWeb

Highspot

LumaTax

MontyCloud

TwinStrand Biosciences

News

Title
Author
Date
Publisher
Description
FinSMEs
July 1, 2020
FinSMEs
About | Advertise | Contact | Disclaimer | News | The Daily Deal Newsletter FinSMEs.com by FinSMEs is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported License.
FinSMEs
May 18, 2020
FinSMEs
About | Advertise | Contact | Disclaimer | News | The Daily Deal Newsletter FinSMEs.com by FinSMEs is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported License.
Ron Miller
January 15, 2020
TechCrunch
Madrona Venture Group announced today that is has hired former Docker CEO Steve Singh as a managing director at the firm. Singh stepped down as CEO of Docker last May and Seattle-based Madrona seems like logical landing spot. He is a long-time resident of Seattle, and has been working behind the scenes with Madrona for [...]
Frederic Lardinois
August 27, 2019
TechCrunch
Tesorio, a startup that helps businesses aggregate and analyze their cash flow data, today announced that it has raised a $10 million Series A round led by Seattle's Madrona Venture Group. Existing investors First Round Capital, Floodgate, Y Combinator, Fathom Capital and Fuel Capital participated. This brings Tesorio's total funding to $17 million. Madrona's Hope [...]
Kate Clark
Invalid Date
TechCrunch
How the startup studio's "validation engine" has made it one of the best company builders in the business.

References

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