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Madrona Venture Labs is an investment firm and start-up studio. The company was founded in 2014 and is based out of Seattle, WA. The company assists with all stages of development, including validation, customer and product development, and securing funding. They use their network to test ideas and connect entrepreneurs with investors. The team is directed by CEO and partner Mike Fridgen.
Madrona Ventures has raised multiple investment funds, including their most recent Madrona Venture Labs Fund IV of $8M. The company said this fund would be used for turning investors into co-founders of spinouts. The Company has spun out more than a dozen companies, some of which were later acquired by Nordstrom, Uber, and Mailchimp. Recent spinouts from MVL include Zeitworks, Simplata, and Stratify.
The team at Venture Labs is made up of founders and investors: Farah Ali, Flora Ku, Henry Huang, Jason Flatboe, Jay Bartot, Jeremy Tryba, John Thimsen, Kieth Rosema, Kurtis Heimerl, Maria Hess, Mike Fridgen, Paarth Gupta, and Samantha Dore.
The Madrona Venture Labs network includes investors and "co-builders," who work with start-ups and join founders in their business development and funding. Investors have included the following:
- Spencer Rascoff :Former Zillow CEO
- Julie Larson-Gree: Former Qualtrics CXO
- Elie Seidman: Former Tinder CEO
- Elissa Fink:Former Tableau CMO
- Elena Donio: Former Axiom CEO
- Court Lorenzini: Docusign Co-founder
- Mike McSherry: Xealth CEO
- Erik Blachford: Former Expedia CEO
- Jon Gelsey: Former Auth0 CEO
- Chad Cohen: Adaptive Biotech CFO
- Ralph Pascualy: Former Swedish CEO
- Madrona Venture Group: PNW VC