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.
GeekWire Podcast: What Seattle’s billion-dollar startups say about the region’s tech industry
December 23, 2020 at 11:10 am
Seattle’s billion-dollar tech club, startups with valuations of more than $1 billion. (GeekWire Graphic)
Here’s what we’re talking about on the GeekWire Podcast this week: Seattle’s tech community just reached a new milestone: 10 unicorns, privately held companies valued at more than $1 billion. Their characteristics say a lot about the direction and state of the tech industry in the region, both positive and negative.
Heather Redman, Flying Fish Partners co-founder and managing partner.
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Heather Redman, co-founder and managing partner of
Vouched, a Seattle, WA-based developer of proprietary artificial intelligence and computer vision for end-to-end identity verification and real-time fraud detection, raised $3M in funding.
The round was led by Flying Fish Partners with participation from Bankers Healthcare Group (BHG), which will bring Vouched into banking to offer new services to the nearly 1,200 members of the BHG Bank Network, as well as its partners in the hospital, ambulatory surgery center and healthcare provider verticals.
The company intends to use the funds to further accelerate growth of its identity proofing platform across the banking, fintech and healthcare verticals and to move into the European market.
Vouched Announces $3M Funding Round to Accelerate AI-Based Identity Verification Platform
Led by Flying Fish Partners, with participation from Bankers Healthcare Group, funds will fuel expansion in banking, fintech and healthcare industries.
Vouched, a rapidly-growing developer of proprietary artificial intelligence and computer vision for end-to-end identity verification and real-time fraud detection, today announced a $3M funding round. Led by Flying Fish Partners, the round will further accelerate growth of Vouched s identity proofing platform across the banking, fintech and healthcare verticals.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201210005447/en/ Flying Fish invests in applications of artificial intelligence that enable the fundamentals of the digital future, said Flying Fish Partners Venture Partner Vanessa Pegueros. Vouched is creating a seamless, worldwide identity verification platform to provid