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Madrona

North America, Washington, United States, Seattle

Description

Madrona Venture Group is a prominent venture capital firm headquartered in Seattle, Washington, with a deep-rooted focus on early-stage technology companies. Established in 1995, Madrona has played a pivotal role in fostering the Pacific Northwest's tech ecosystem, becoming one of the region's most influential investors. While their primary geographic emphasis remains on Seattle and the broader Pacific Northwest, they also strategically invest in promising companies across North America. The firm is known for its hands-on approach, providing not just capital but also strategic guidance and operational support to its portfolio companies, aiming to build enduring businesses.

Investor Profile

Madrona has backed more than 539 startups, with 23 new investments in the last 12 months alone. The firm has led 202 rounds, about 37% of its total and boasts 103 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Series A, Series B, Seed rounds (top funding stages).
  • Majority of deals are located in United States, Canada, Australia.
  • Strong thematic focus on Software, Artificial Intelligence (AI), SaaS.
  • Led 13 rounds in the past year.
  • Typical check size: $500K – $10M.

Stage Focus

  • Series A (28%)
  • Series B (21%)
  • Seed (20%)
  • Series C (11%)
  • Series Unknown (9%)
  • Series D (5%)
  • Series E (3%)
  • Series F (1%)
  • Pre Seed (1%)

Country Focus

  • United States (97%)
  • Canada (1%)
  • Australia (1%)

Industry Focus

  • Software
  • Artificial Intelligence (Ai)
  • Saas
  • Enterprise Software
  • Information Technology
  • Analytics
  • Internet
  • Machine Learning
  • Big Data
  • Cloud Computing
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does Madrona frequently co-invest with?

Vulcan Capital
North America, Washington, United States, Seattle
Co-Investments: 39
Sequoia Capital
North America, California, United States, Menlo Park
Co-Investments: 20
Founders' Co-op
North America, Washington, United States, Seattle
Co-Investments: 20
New Enterprise Associates
North America, California, United States, Menlo Park
Co-Investments: 20
Amplify Partners
North America, California, United States, Menlo Park
Co-Investments: 19
Ignition Partners
North America, California, United States, Los Altos
Co-Investments: 17
Andreessen Horowitz
North America, California, United States, Menlo Park
Co-Investments: 20
Tiger Global Management
North America, New York, United States, New York
Co-Investments: 18
Greylock
North America, California, United States, Menlo Park
Co-Investments: 17
Alumni Ventures
North America, New Hampshire, United States, Manchester
Co-Investments: 23

Which angels does Madrona often collaborate with?

SP
North America, Washington, United States, Seattle
Shared Deals: 6
RG
North America, Washington, United States, Seattle
Shared Deals: 5
JG
North America, Washington, United States, Seattle
Shared Deals: 4
GR
North America, California, United States, San Francisco
Shared Deals: 3
GR
North America, California, United States, San Francisco
Shared Deals: 3
SR
North America, California, United States, Los Angeles
Shared Deals: 6
NF
North America, California, United States, San Francisco
Shared Deals: 3
BG
North America, Washington, United States, Seattle
Shared Deals: 4
EB
North America, California, United States, San Francisco
Shared Deals: 4
BH
North America, Washington, United States, Seattle
Shared Deals: 3

What are some of recent deals done by Madrona?

Doss

San Francisco, California, United States

Doss provides an adaptive resource platform (ARP) that integrates core business functions.

AccountingConsultingEnterprise Resource Planning (ERP)
Series BMar 24, 2026
Amount Raised: $55,000,000
Eclypsium

Portland, Oregon, United States

Eclypsium offers a platform for supply chain security for IT infrastructure.

Cloud ComputingCyber SecurityInformation TechnologyInternetSoftware
Series CMar 19, 2026
Amount Raised: $25,000,000
Axiom

Palo Alto, California, United States

Axiom develops artificial intelligence systems designed to solve complex mathematical problems and produce formally verified proofs.

Artificial Intelligence (AI)EducationFoundational AIGenerative AIInformation TechnologySoftware
Series AMar 12, 2026
Amount Raised: $200,000,000
Amigo AI

New York, New York, United States

Amigo builds AI agents that interact with patients to support intake, triage, care navigation, and ongoing patient assistance.

Agentic AIArtificial Intelligence (AI)Enterprise SoftwareGenerative AIHealth CareSoftware
Series AMar 10, 2026
Amount Raised: $11,000,000
Temporal Technologies

Bellevue, Washington, United States

Temporal Technologies is an open-source platform that simplifies building and managing complex, long-running workflows and microservices.

Information TechnologyInternetOpen SourceSoftware
Series DFeb 17, 2026
Amount Raised: $300,000,000
Scala

Bellevue, Washington, United States

Scala is an AI operations platform built for modern contact center and customer experience leaders.

Artificial Intelligence (AI)Call CenterGenerative AIInformation TechnologySoftwareSoftware Engineering
SeedFeb 11, 2026
Amount Raised: $8,500,000
Entire

Seattle, Washington, United States

Entire is developing the world's next developer platform, allowing agents and humans to interact, learn, and ship together.

Information TechnologySoftware
SeedFeb 10, 2026
Amount Raised: $60,000,000
Deepgram

San Francisco, California, United States

Deepgram provides a voice artificial intelligence platform for speech-to-text, text-to-speech, and voice applications.

Artificial Intelligence (AI)Data Collection and LabelingDeveloper APIsNatural Language ProcessingSpeech Recognition
Series CJan 13, 2026
Amount Raised: $143,168,046
MontyCloud

Seattle, Washington, United States

MontyCloud helps customers manage and monitor their cloud services.

Cloud ComputingInformation Technology
Series BJan 13, 2026
Amount Raised: $11,472,839
Spangle

Bellevue, Washington, United States

Building the AI-Native Commerce Platform

Artificial Intelligence (AI)Digital MarketingE-CommerceRetail
Series AJan 8, 2026
Amount Raised: $15,000,000

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