About
Madrona Venture Group is an early-stage venture capital firm founded in 1995 by Tom Alberg, Paul Goodrich, Gerald Grinstein, and William Ruckelshaus. Based in Seattle, Washington, the firm has established itself as a cornerstone investor in the Pacific Northwest technology ecosystem while maintaining a national presence. Madrona specializes in seed and Series A investments, with check sizes typically ranging from $1 million to $25 million. The firm focuses on early-stage technology companies across software, services, infrastructure, consumer internet, and mobile sectors, with particular emphasis on intelligent applications leveraging data and cloud computing. In September 2022, Madrona raised $690 million across two funds: Madrona Venture Fund 9 at $430 million and Acceleration Fund 3 at $260 million, representing the largest fundraising in the firm's history. The firm has deployed capital across 661 investments with a current portfolio of 269 companies, including 19 unicorns. Notable portfolio companies include Amazon, Redfin, Rover, Apptio, and Impinj, among others, with 136 documented exits. Madrona's investment pattern shows 106 Series A investments averaging $10.5 million, 92 seed investments averaging $4.25 million, and 29 Series B investments averaging $38.5 million. The firm operates as an operator-led team maintaining direct founder relationships and serves as a preferred co-investor with Sequoia Capital and Y Combinator. Founders gain access to experienced venture capital partnership, long-term commitment, and connections within the Pacific Northwest and national technology ecosystems. Investors benefit from the firm's track record of identifying early-stage companies with substantial exit potential and building value through strategic partnership and guidance.