Fresh off the announcement of more than $500 million in new capital across two new funds, Seattle-based Madrona Venture Group has announced that they’re adding Anu Sharma and Daniel Li to the team’s list of Partners. The firm, which in recent years has paid particularly close attention to enterprise software bets, invests heavily in the […]
Madrona Venture Group raises $345M for 8th fund, its largest ever, and $161M for 2nd later-stage fund
December 31, 2020 at 9:58 am
Madrona Venture Group managing directors from L to R: Tim Porter, Matt McIlwain, Len Jordan, Tom Alberg, S. Somasegar (Soma), Hope Cochran, Steve Singh, Scott Jacobson, and Paul Goodrich. (Madrona Photo)
Madrona Venture Group has raised more than $500 million in fresh capital that the 25-year-old Seattle venture capital firm will use to bankroll both early and later-stage startups. It marks the firm’s largest fundraising effort.
Madrona reeled in $345 million for its eighth fund money that it will use to invest in 35-to-40 Pacific Northwest tech startups over the next several years. It also raised $161 million for its second “Acceleration Fund,” designed for more mature companies located across North America.
TMCnet News
Madrona Venture Group Announces Closing over $500 million to Fund Innovation from Day One for the Long Run
[December 30, 2020]
Madrona Venture Group Announces Closing over $500 million to Fund Innovation from Day One for the Long Run
Madrona Venture Group, the leading venture capital firm based in Seattle, announced today the closing of more than $500 million in new funds. The firm closed two funds simultaneously, Madrona Venture Fund 8 of $345 million and Acceleration Fund 2 of $160 million. Both funds were heavily over-subscribed. The funds will be deployed on complementary strategies building startups from the seed stage primarily in the Pacific Northwest and from an acceleration stage, throughout North America.