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Madrona Venture Group

Founders Ben Gilbert Paul Goodrich Tom Alberg

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This summary is composed by our algorithm based on the analysis of the deals. If you think that some of this information is not accurate, please let us know about it and provide any supporting evidences if possible. Such cases will be analyzed by our ML-algorithm and implemented in our database, which will improve this summary.

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Total investments 527
Average round size
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The average size of a deal this fund participated in
$24M
Portfolio companies 262
Rounds per year 18.17
Lead investments 124
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.50
Exits 83
Key employees 13
Stages of investment
Early Stage Venture
Late Stage Venture
Seed

Areas of investment

  • Software
  • SaaS
  • Enterprise Software
  • Information Technology
  • Internet
Summary

In 1995 was created Madrona Venture Group, which is appeared as VC. The leading representative office of defined VC is situated in the Seattle. The venture was found in North America in United States.

This Madrona Venture Group works on 8 percentage points less the average amount of lead investments comparing to the other organizations. The usual things for fund are deals in the range of 10 - 50 millions dollars. Considering the real fund results, this VC is 16 percentage points more often commits exit comparing to other organizations. The high activity for fund was in 2018. The increased amount of exits for fund were in 2019. The fund is constantly included in 13-24 investment rounds annually. The typical startup value when the investment from Madrona Venture Group is more than 1 billion dollars.

The typical case for the fund is to invest in rounds with 4-5 participants. Despite the Madrona Venture Group, startups are often financed by Foundry Group, Founders' Co-op, Ignition Partners. The meaningful sponsors for the fund in investment in the same round are Two Sigma Ventures, Trilogy Equity Partners, Redpoint. In the next rounds fund is usually obtained by Foundry Group, Maveron, Ignition Partners.

Among the most popular fund investment industries, there are SaaS, Advertising. For fund there is a match between the country of its foundation and the country of its the most frequent investments - United States. Among the various public portfolio startups of the fund, we may underline Snowflake Computing, UiPath, Isilon Systems Besides, a startup requires to be at the age of 2-3 years to receive the investment from the fund. The fund has no specific favorite in a number of founders of portfolio startups. If startup sums 5+ of the founder, the chance for it to be financed is low.

The current fund was established by Paul Goodrich, Tom Alberg. Besides them, we counted 13 critical employees of this fund in our database.

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Related Funds

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Typical Co-investors
Madrona Venture Group is more likely to invest in rounds together with the following funds:
Funds investing in following rounds
These funds have a tendency to invest in the following rounds after Madrona Venture Group:

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Notable deals

CompanyIndustryRound SizeDateInvestorsLocation

Terray Therapeutics

Biotechnology
17 Oct 2024 Pasadena, California, United States

Otto

Travel
Travel Agency
$6M22 Aug 2024 Seattle, Washington, United States

EdgeRunner AI

$5M18 Jul 2024 San Francisco, California, United States

Shaped

Software
$8M17 Jul 2024 New York, New York, United States

Route

Apps
Mobile Apps
Real Time
Software
$40M25 Jun 2024 Lehi, Utah, United States

Tektonic AI

$10M06 Jun 2024 Bellevue, Washington, United States

Vilya

Biotechnology
Health Diagnostics
Life Science
Medical
$21M04 Jun 2024 Seattle, Washington, United States

Aerial

$2M13 May 2024 Seattle, Washington, United States

Read AI

Machine Learning
Meeting Software
Software
$21M02 Apr 2024 Seattle, Washington, United States
News
Spotnana - Travel’s First Open Innovation Platform, Launches With $41 Million in Funding

– Spotnana Technology emerged from stealth mode and announced $41 million in funding. The funding includes a $34 million Series A led by ICONIQ and Madrona Venture Group.
– Spotnana is the first technology company to build an open global innovation platform for travel.
– The company’s TMC service is now live with more than 50 early corporate travel customers, providing seamless global service for business travelers and empowering administrators to manage travel across dozens of global offices from one single online dashboard.
– The funding will be used to expand the services available on the Spotnana platform and to build sales, marketing, partner, customer success organizations.

Battlesnake, a Startup that Turns Learning Programming into an eSport, Lands $1.5 Million in Funding

– Battlesnake announced $1.5m in funding to build on the platform that has grown from a grass roots recruiting platform into a programming game and competition that attracts thousands of developers to have fun and learn new skills.
– Funding was led by Madrona Venture Group with participation from Liquid 2, Ascend, 200 OK, and notable angel investors including Jason Warner (former CTO GitHub) and Chris Aniszczyk (CTO Linux Foundation).
– Started in 2015 as a developer recruiting event in the Pacific Northwest, by 2019 the flagship Battlesnake Tournament in Victoria drew 1,500 participants and spectators.
– Realizing they were onto something Founders Brad Van Vugt, Noah Warder, and Chris Hoefgen rapidly expanded scope, building a global online presence that attracts thousands of developers and spectators monthly.

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Total investments 527
Average round size 24M
Rounds per year 18.17
Peak activity year 2021
Lead investments 124
Follow on index 0.50
Exits 83
Group Appearance index 0.90

Latest deals

CompanyIndustryRound SizeDateInvestorsLocation

Terray Therapeutics

Biotechnology
17 Oct 2024 Pasadena, California, United States

Otto

Travel
Travel Agency
$6M22 Aug 2024 Seattle, Washington, United States

EdgeRunner AI

$5M18 Jul 2024 San Francisco, California, United States

Shaped

Software
$8M17 Jul 2024 New York, New York, United States

Route

Apps
Mobile Apps
Real Time
Software
$40M25 Jun 2024 Lehi, Utah, United States

Tektonic AI

$10M06 Jun 2024 Bellevue, Washington, United States

Vilya

Biotechnology
Health Diagnostics
Life Science
Medical
$21M04 Jun 2024 Seattle, Washington, United States

Aerial

$2M13 May 2024 Seattle, Washington, United States

Read AI

Machine Learning
Meeting Software
Software
$21M02 Apr 2024 Seattle, Washington, United States
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