Madrona Venture Group
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Seattle-based Madrona Venture Group invests from seed to growth, leveraging its in-house lab (Madrona Labs) to incubate startups. Their latest funds exceed $690M, underscoring their scale. They target enterprise software, infrastructure, marketplaces, and consumer tech. Madrona’s notable exits include Apptio and Smartsheet.
Fund Size:
Raised over $1 B cumulatively; latest Fund VIII was $690 M
Average Check Size:
Not specified, but supports both early & later-stage
Location:
Seattle, WA (expanded to Palo Alto)
Stage Focus:
Seed to growth-stage with venture incubator
Portfolio Focus:
SaaS, enterprise infrastructure, marketplace, consumer
Household Brands:
Apptio, Rover.com, Smartsheet, Redfin
Contact:
Hope F. Cochran (Managing Director) hope@madrona.com
Paul B. Goodrich (Managing Director) paul@madrona.com
