Madrona Venture Group is a Seattle-based venture capital firm founded in 1995, investing in technology companies from incubation through growth stages. The firm focuses on AI, enterprise software, infrastructure, biotech, and consumer applications, primarily in the Pacific Northwest and Silicon Valley. In January 2025, Madrona closed its largest fund ever at $770 million, marking its 30th year of investing.
Average disclosed round size is $36.8M (across 369 rounds with reported amounts).
Portfolio
234
Fund Size
$770M
Top Stage
Series A
Last 12 Mo
17
Team
Karan Mehandru
Managing Director
Matt McIlwain
Managing Director
Scott Jacobson
Managing Director
Tim Porter
Managing Director
Anna Baird
Venture Partner
Daniel Li
Venture Partner
Hope Cochran
Venture Partner
Jeff Mills
Investor Relations Partner
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
Portfolio
| Company | Round | Amount | Date |
|---|---|---|---|
| TThira | Seed | $21M | Jul 2026 |
 Doorstead | Series B | $21.5M | Apr 2026 |
 Golden Analytics | Seed | $7M | Apr 2026 |
 Doss | Series B | $55M | Mar 2026 |
 Axiom Math | Series A | $200M | Mar 2026 |
 Temporal | Series D | — | Feb 2026 |
 Entire | Seed | $60M | Feb 2026 |
 Deepgram | Series C | $130M | Jan 2026 |
 Spangle | Series A | $15M | Jan 2026 |
| SSpangle AI | Series A | $15M | Jan 2026 |
 Lassen Peak | Series A | $10M | Jan 2026 |
 Axiom | Series A | $20M | Jan 2026 |
 Scala | Series A | $16M | Jan 2026 |
 Gray Swan | Series A | $40M | Jan 2026 |
 NewDays | Seed | $16M | Jan 2026 |
| Golden Analytics | Seed | $7M | Jan 2026 |
 Yoodli | Series B | $40M | Dec 2025 |
| Yoodli | Series B | $40M | Dec 2025 |
 Anzen | Series A | $16M | Nov 2025 |
 Anzen | Series A | $16M | Nov 2025 |
 Wisdom AI | Series A | $50M | Nov 2025 |
 Fyxer | Series B | — | Sep 2025 |
| NewDays | Seed | $7M | Sep 2025 |
 Dropzone | Series B | $37M | Jul 2025 |
| DDropzone AI | Series B | $37M | Jul 2025 |
Top Co-Investors
Last updated: 7 October 2026