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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?

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
Lassen Peak

Bellevue, Washington, United States

Lassen Peak develops a technology that turns dangerous weapon detection procedures into safe, efficient, and dignified experiences.

Public SafetySecurity
Series UnknownJan 5, 2026
Amount Raised: $10,000,000
Gradial

Seattle, Washington, United States

Gradial is an enterprise software company that provides AI agents that automate enterprise content workflows.

Artificial Intelligence (AI)ContentContent MarketingEnterprise SoftwareSoftware
Series BDec 3, 2025
Amount Raised: $35,000,000
Yoodli

Seattle, Washington, United States

Yoodli is an AI-driven learning platform that enhances communication skills using personalized roleplays and adaptive coaching.

Artificial Intelligence (AI)Information TechnologyReal TimeSoftwareSpeech Recognition
Series BDec 2, 2025
Amount Raised: $40,000,000
OpenHands

Boston, Massachusetts, United States

OpenHands operates as an open source agent for developers.

Artificial Intelligence (AI)Software
Series ANov 18, 2025
Amount Raised: $18,800,000
Anzen

San Francisco, California, United States

Anzen provides a digital marketplace and AI‑enabled tools for specialty insurance and executive liability coverage.

Artificial Intelligence (AI)Enterprise SoftwareInsurTechSoftware
Series ANov 13, 2025
Amount Raised: $16,000,000
Wisdom AI

San Mateo, California, United States

WisdomAI develops an AI data analyst to answer questions from structured and unstructured data for business insights in the enterprise.

AnalyticsArtificial Intelligence (AI)Data IntegrationData ManagementGenerative AI
Series ANov 12, 2025
Amount Raised: $50,000,000
Axiom Math AI

San Francisco, California, United States

Axiom Math AI is information technology startup that builds self-improving superintelligence.

EducationGenerative AIInformation Technology
SeedOct 1, 2025
Amount Raised: $64,000,000

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