Create33 in Seattle. (GeekWire Photo)Create33, the Seattle-based “founder center” established by Madrona Venture Group, is no longer operating a co-working space and is revamping its membership program due to changes caused by the pandemic. Create33 launched in July 2018 one floor beneath the...
Madrona Venture Group
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Many VCs historically avoided placing bets on hit-driven mobile gaming content in favor of clearer platform opportunities, but as more success stories pop up, the economics overturned conventional wisdom with new business models. As more accessible infrastructure allowed young studios to become...
We last polled our network of investors on the topic of gaming infrastructure startups back in May just as it was becoming clear what pandemic opportunities were in store for gaming startups. Accel’s Amit Kumar told us at the time that “social and interactivity layers spanning across these...
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...
Madrona continues to back Ovation.io, as Boston startup raises $21.5M for its lab software platform
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From left to right: Madrona’s S. “Soma” Somasegar, Ted Kummert and Chris Picardo; Ovation’s Barry Wark (seated) and Winston Brasor (standing). (Madrona File Photo)Seattle-based Madrona Venture Group is putting more money behind Boston’s Ovation.io. The startup which makes cloud-based...
GeekWire Podcast: Seattle region’s new tech giant; ‘Slackforce’ analysis; AWS re:Invent takeaways
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This week on the GeekWire Podcast: Salesforce strikes a deal to acquire Slack for $27.7 billion; Amazon Web Services makes some surprising news at its annual re:Invent cloud conference; and a new tech giant arrives in our backyard. Matt McIlwain. (Madrona Photo)Joining us on this episode is Matt...
GeekWire Podcast: AI that writes your emails; a Seattle tech visionary; trivia challenge returns
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Here’s what we’re talking about on the GeekWire Podcast this week: OthersideAI thinks it can help you be more productive by using artificial intelligence to write your emails for you. But is that really a good idea? The months-old firm announced a $2.6 million seed round this week. It’s one...
How Tom Alberg bet on Seattle and Amazon, shaping the region’s tech industry and building a legacy of understated influence
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Tom Alberg addresses the crowd at Madrona Venture Group’s 20th anniversary celebration at MOHAI in October 2015. (GeekWire Photo / Kevin Lisota)It was the mid 1990s, and Tom Alberg had a decision to make. Jeff Bezos had arrived in Seattle and was looking for investors for his nascent virtual...
Seattle-based Pulumi, one of the newer startups in the ”infrastructure-as-code” space, today announced that it has raised a $37.5 million Series B funding round led by NEA. Previous investors Madrona Venture Group and Tola Capital also participated in this round, which brings the total...
Temporal, a Seattle-based startup that is building an open-source, stateful microservices orchestration platform, today announced that it has raised an $18.75 million Series A round led by Sequoia Ventures. Existing investors Addition Ventures and Amplify Partners also joined, together with new...
Snowflake stock soars in largest software IPO ever; Madrona among earlier venture investors
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Madrona Venture Group’s S. Somasegar and former Snowflake CEO Bob Muglia previously worked together as Microsoft executives. (Madrona Venture Group Photo)Snowflake came out with a bang in its public debut, raising $3.4 billion in the largest software IPO ever. The data warehousing company opened...
Madrona leads $9M investment in coffee startup Trade, which connects home brewers to roasters
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(Instagram Photo via @tradecoffeeco)If you’re home-brewed coffee is one of the less appealing aspects of working from home, perhaps you need a fresh jolt from a specialty roaster. Seattle’s Madrona Venture Group is helping to fund one startup that can make that coffee connection. Madrona...
Anu Sharma. (Photo courtesy of Anu Sharma)As someone who was already interested in investing from a personal standpoint, Anu Sharma said it was always on her mind to turn her “side project” into a full time thing. She did that recently when she joined the investment team at Madrona Venture...
Once upon a time, Box’s Aaron Levie was just a guy with an idea for a company: 15 years ago as a USC student, he conceived of a way to simply store and share files online. It may be hard to recall, but back then, the world was awash with thumb drives and moving files manually, but Levie saw an...
GeekWire 200 Update: Seattle and Pacific NW startups raise big funding rounds amid pandemic
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The leading privately-held companies across the Pacific Northwest are raising giant swaths of cash and increasing their valuations despite the ongoing economic crisis. See the full GeekWire 200 ranking of Pacific NW tech startups for August 2020 Five of the top 10 companies on the GeekWire 200,...
Tim Porter Contributor Share on Twitter Tim Porter is a managing director at Madrona Venture Group and invests in the areas of intelligent applications and SaaS, cloud native software, ML and data analytics and security. Elisa La...
Madrona leads $27M round in Twitter vets’ Fauna database startup; Bob Muglia named chairman
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Bob Muglia, left, is the new Fauna executive chairman, and Eric Berg, right, is the new CEO.Seattle’s Madrona Venture Group is leading a $27 million investment in Fauna, a company founded by two former Twitter engineers that is positioning itself as a leader in databases for a new breed of...
Databases have always been a complex part of the equation for developers requiring a delicate balance to manage inside the application, but Fauna wants to make adding a database a simple API call, and today it announced $27 million in new funding. The round, which is technically an extension of the...
Anu Sharma. (Madrona Photo)— Seattle-based venture capital firm Madrona Venture Group announced that Anu Sharma is joining its investment team as a principal. Sharma was most recently a senior product manager at Amazon Web Services. “I’m excited to be part of the team that has seen what...
Fintech is white hot these days, with major acquisitions and funding rounds galore. It’s also a relatively new space, with startups only really breaching the thicket of regulations that defines the modern banking and finance world in the past few years. So it is fascinating to watch how Shamir...
Ishani Ummat. (Madrona Venture Group Photo)— Seattle-based venture capital firm Madrona Venture Group announced Ishani Ummat as an associate. Ummat was most recently based in San Francisco as a senior associate consultant at Bain and Company. At Madrona, she will work with the investment team to...