Skip to main content

Seattle-based Madrona raises $320M for its eighth fund

Madrona Venture Group has been a mainstay of the Seattle and northwest United States startup ecosystem for years now, and it looks like it is going to continue that legacy going forward.

In a filing with the SEC, the firm announced its eighth venture capital fund, raising $320 million. That’s up slightly from the firm’s past two funds, both of which were $300 million vehicles. The filing comes roughly a year and a half after the firm’s last fundraise for its seventh fund. That slight increase in size is a different choice from many other VC firms these days, which have ballooned their fund sizes in pursuit of larger and later-stage deals.

Madrona in recent years has been on a hiring spree. It picked up Steve Singh, the former CEO of enterprise startup Docker, as a managing director earlier this year, and also promoted Hope Cochran as its first female managing director in 2019. She had joined the firm in 2016 as a venture partner, and was formerly the CFO of mobile gaming giant King Digital and telecom services provider Clearwire. The firm has also hired several experienced enterprise hands to round its portfolio services, including Katie Drucker and Mark Britton.

Former Docker CEO Steve Singh joins Madrona

The firm is perhaps best known for its enterprise bets, and the firm has been on a tear this year writing checks. Among the companies it has invested in are Sila, which offers programmable banking infrastructure and Madrona led a $7.7 million seed; Temporal, where Madrona joined a Sequoia-led $18.75 million Series A round; and Stratify, an automated budgeting startup where the firm led a $4.9 million seed.

Last year, the firm raised a $100 million Acceleration Fund that was designed to take minority stakes in growth rounds at the Series B and Series C stages. No word on where that growth fund sits, or whether the firm will double down more on that strategy in the future.

Madrona Venture Group launches $100M acceleration fund



from TechCrunch https://ift.tt/3nTmVwG
via IFTTT
Labels:

Comments

Post a Comment

Popular posts from this blog

The Silent Revolution of On-Device AI: Why the Cloud Is No Longer King

Introduction For years, artificial intelligence has meant one thing: the cloud. Whether you’re asking ChatGPT a question, editing a photo with AI tools, or getting recommendations on Netflix — those decisions happen on distant servers, not your device. But that’s changing. Thanks to major advances in silicon, model compression, and memory architecture, AI is quietly migrating from giant data centres to the palm of your hand. Your phone, your laptop, your smartwatch — all are becoming AI engines in their own right. It’s a shift that redefines not just how AI works, but who controls it, how private it is, and what it can do for you. This article explores the rise of on-device AI — how it works, why it matters, and why the cloud’s days as the centre of the AI universe might be numbered. What Is On-Device AI? On-device AI refers to machine learning models that run locally on your smartphone, tablet, laptop, or edge device — without needing constant access to the cloud. In practi...
1 comment
Read more

Apple’s AI Push: Everything We Know About Apple Intelligence So Far

Apple’s WWDC 2025 confirmed what many suspected: Apple is finally making a serious leap into artificial intelligence. Dubbed “Apple Intelligence,” the suite of AI-powered tools, enhancements, and integrations marks the company’s biggest software evolution in a decade. But unlike competitors racing to plug AI into everything, Apple is taking a slower, more deliberate approach — one rooted in privacy, on-device processing, and ecosystem synergy. If you’re wondering what Apple Intelligence actually is, how it works, and what it means for your iPhone, iPad, or Mac, you’re in the right place. This article breaks it all down.   What Is Apple Intelligence? Let’s get the terminology clear first. Apple Intelligence isn’t a product — it’s a platform. It’s not just a chatbot. It’s a system-wide integration of generative AI, machine learning, and personal context awareness, embedded across Apple’s OS platforms. Think of it as a foundational AI layer stitched into iOS 18, iPadOS 18, and m...
Post a Comment
Read more

Max Q: Anomalous

Hello and welcome back to Max Q! Last week wasn’t the most successful for spaceflight missions. We’ll get into that a bit more below. In this issue: First up, a botched launch from Virgin Orbit… …followed by one from ABL Space Systems News from Rocket Lab, World View and more Virgin Orbit’s botched launch highlights shaky financial future After Virgin Orbit’s launch failure last Monday, during which the mission experienced an  “anomaly” that prevented the rocket from reaching orbit, I went back over the company’s financials — and things aren’t looking good. For Virgin Orbit, this year has likely been completely turned on its head. The company was aiming for three launches this year, but everything will remain grounded until the cause of the anomaly has been identified and resolved. It’s unclear how long that will take, but likely at least three months. Add this delay to Virgin’s dwindling cash reserves and you have a foundation that’s suddenly much shakier than before. ...
Post a Comment
Read more