Investments
635Portfolio Exits
132Funds
30Partners & Customers
2Service Providers
3About Madrona Venture Group
Madrona Venture Group funds technology companies primarily in the Northwest, specializing in seed and early-stage investments. The firm is an active investor, dedicated to partnering with entrepreneurs and leveraging its team's relationships and business, technology, and financial experience to create long-term value. Madrona seeks out companies that solve customer problems in groundbreaking ways and offer opportunities for significant financial return. The firm invests early and prefers to lead financings. Madrona has a long-term approach and works closely with portfolio companies as they move from product development to early customers and revenue traction, and then to profitability and liquidity. It was founded in 1995 and is based in Seattle, Washington.
Latest Madrona Venture Group News
May 29, 2025
In this Founded & Funded episode, Madrona Managing Director Soma Somasegar sits down with Charles Lamanna, corporate vice president at Microsoft, to unpack ... The post The End of Biz Apps? AI, Agility, and The Agent-Native Enterprise from Microsoft CVP Charles Lamanna appeared first on Madrona.
Madrona Venture Group Investments
635 Investments
Madrona Venture Group has made 635 investments. Their latest investment was in Fyxer as part of their Series B on September 09, 2025.
Madrona Venture Group Investments Activity
Date | Round | Company | Amount | New? | Co-Investors | Sources |
|---|---|---|---|---|---|---|
9/9/2025 | Series B | Fyxer | $30M | Yes | 20Growth, Lakestar, Marc Benioff, and The Twenty Minute VC | 2 |
9/3/2025 | Seed VC | NewDays | $7M | Yes | 3 | |
7/28/2025 | Series B | Dropzone AI | $37M | Yes | 2 | |
7/22/2025 | Series A | |||||
7/3/2025 | Series C |
Date | 9/9/2025 | 9/3/2025 | 7/28/2025 | 7/22/2025 | 7/3/2025 |
|---|---|---|---|---|---|
Round | Series B | Seed VC | Series B | Series A | Series C |
Company | Fyxer | NewDays | Dropzone AI | ||
Amount | $30M | $7M | $37M | ||
New? | Yes | Yes | Yes | ||
Co-Investors | 20Growth, Lakestar, Marc Benioff, and The Twenty Minute VC | ||||
Sources | 2 | 3 | 2 |
Madrona Venture Group Portfolio Exits
132 Portfolio Exits
Madrona Venture Group has 132 portfolio exits. Their latest portfolio exit was Strive on September 12, 2025.
Date | Exit | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Acquirer | Sources |
|---|---|---|---|---|---|
9/12/2025 | Reverse Merger | 5 | |||
9/2/2025 | Acquired | 15 | |||
5/20/2025 | Acquired | 7 | |||
Date | 9/12/2025 | 9/2/2025 | 5/20/2025 | ||
|---|---|---|---|---|---|
Exit | Reverse Merger | Acquired | Acquired | ||
Companies | |||||
Valuation | |||||
Acquirer | |||||
Sources | 5 | 15 | 7 |
Madrona Venture Group Acquisitions
1 Acquisition
Madrona Venture Group acquired 1 company. Their latest acquisition was Direct Travel on April 02, 2024.
Date | Investment Stage | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Total Funding | Note | Sources |
|---|---|---|---|---|---|---|
4/2/2024 | Debt | Acq - Fin - III | 4 |
Date | 4/2/2024 |
|---|---|
Investment Stage | Debt |
Companies | |
Valuation | |
Total Funding | |
Note | Acq - Fin - III |
Sources | 4 |
Madrona Venture Group Fund History
30 Fund Histories
Madrona Venture Group has 30 funds, including Madrona Fund X.
Closing Date | Fund | Fund Type | Status | Amount | Sources |
|---|---|---|---|---|---|
1/23/2025 | Madrona Fund X | 2 | |||
1/23/2025 | Madrona Acceleration Fund IV | 2 | |||
9/13/2022 | Madrona Venture Fund IX | $430M | 1 | ||
9/13/2022 | Madrona Acceleration Fund III | ||||
12/16/2021 | Madrona Fund VII Extension Fund |
Closing Date | 1/23/2025 | 1/23/2025 | 9/13/2022 | 9/13/2022 | 12/16/2021 |
|---|---|---|---|---|---|
Fund | Madrona Fund X | Madrona Acceleration Fund IV | Madrona Venture Fund IX | Madrona Acceleration Fund III | Madrona Fund VII Extension Fund |
Fund Type | |||||
Status | |||||
Amount | $430M | ||||
Sources | 2 | 2 | 1 |
Madrona Venture Group Partners & Customers
2 Partners and customers
Madrona Venture Group has 2 strategic partners and customers. Madrona Venture Group recently partnered with Microsoft, and Notion Capital on October 10, 2017.
Date | Type | Business Partner | Country | News Snippet | Sources |
|---|---|---|---|---|---|
10/10/2017 | Partner | Microsoft, and Notion Capital | United States, and United Kingdom | Microsoft Ventures announces Innovate.AI, a global search for startups shaping the future of AI `` Through this partnership with Microsoft , we are excited to meet entrepreneurs who are harnessing AI to redefine entire industries on a massive scale . '' | 2 |
Partner |
Date | 10/10/2017 | |
|---|---|---|
Type | Partner | Partner |
Business Partner | Microsoft, and Notion Capital | |
Country | United States, and United Kingdom | |
News Snippet | Microsoft Ventures announces Innovate.AI, a global search for startups shaping the future of AI `` Through this partnership with Microsoft , we are excited to meet entrepreneurs who are harnessing AI to redefine entire industries on a massive scale . '' | |
Sources | 2 |
Madrona Venture Group Service Providers
3 Service Providers
Madrona Venture Group has 3 service provider relationships
Service Provider | Associated Rounds | Provider Type | Service Type |
|---|---|---|---|
Counsel | General Counsel | ||
Service Provider | |||
|---|---|---|---|
Associated Rounds | |||
Provider Type | Counsel | ||
Service Type | General Counsel |
Partnership data by VentureSource
Madrona Venture Group Team
17 Team Members
Madrona Venture Group has 17 team members, including current Founder, Managing Director, Paul Goodrich.
Name | Work History | Title | Status |
|---|---|---|---|
Paul Goodrich | Founder, Managing Director | Current | |
Name | Paul Goodrich | ||||
|---|---|---|---|---|---|
Work History | |||||
Title | Founder, Managing Director | ||||
Status | Current |
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