Madrona Ventures

Venture capital firm

Early-stage venture firm investing in seed, early, and acceleration-stage companies across AI, biotech, consumer, data infrastructure, deep tech, developer platforms, enterprise apps, and security.

At a glance

Madrona Ventures appears in 5 funding rounds tracked by ValueAddVC since 2026, leading 3. Its most frequent sector in these rounds is Enterprise Software, and its most recent tracked deal was Vinci's $250M Series B round (Oct 6, 2026).

Strategy

Stages
SeedEarlyGrowth
Sectors
AIBiotechConsumerData InfrastructureDeep TechDeveloper PlatformsEnterprise AppsSecurity
Geographies
USASeattle, Washington, USA
Check size
$1M-$20M

Recent changes

  1. Oct 6, 2026Invested in Vinci (Series B, $250M) Financial Content
  2. Sep 29, 2026Invested in Atomic Technologies (Series A, $12.5M) Tech Funding News
  3. Sep 5, 2026Sectors updated: AI, Biotech, Consumer, Data Infrastructure, Deep Tech, Developer Platforms, Enterprise Apps, Security madrona.com
  4. Sep 5, 2026Stages updated: Seed, Early, Growth madrona.com
  5. Aug 6, 2026Invested in Faye (Series C, $50M) fintech.global
Earlier changes (2)
  1. Jul 29, 2026Invested in Polar (Seed, $5.7M) TechCrunch
  2. Jun 2026Invested in Gradial (Series C, $65M) The Next Web

Portfolio

12 total

Recent Investment Activity

5

Track record: led 3 and participated in 2 of 5 tracked venture rounds · 5 in the last 12 months · led 1 Series A, 1 Series C, 1 Seed

DateCompanyEventRoleAmountValuationInvestorsSource
Oct 6, 2026VinciSeries BParticipated$250M$1.5B
Advent InternationalLeadunverifiedTemasekLeadunverifiedXoraLeadunverifiedAMD VenturesunverifiedEclipse VenturesunverifiedKhosla VenturesunverifiedMadrona Venturesunverified
Financial Content
Sep 29, 2026Atomic TechnologiesSeries ALed$12.5M—
Madrona VenturesLeadunverifiedAlumni VenturesunverifiedSandberg Bernthal Venture PartnersDVxKlass Capital
Tech Funding News
Aug 6, 2026FayeSeries CLed$50M$500M
Madrona VenturesLeadunverifiedPortage PartnersunverifiedF2 Venture CapitalunverifiedViola VenturesunverifiedLumir VenturesunverifiedBRM
Pulse story
Jul 29, 2026PolarSeedLed$5.7M—
Madrona VenturesLeadThomas DohmkePhoebe GatesErik BernhardssonBenjamin Spector+2 more
TechCrunch
Jun 2026GradialSeries CParticipated$65M$675MThe Next Web

Sector / Stage Activity

By sector (portfolio)
AI infra
4 · 33%
Software
2 · 17%
Enterprise SaaS
2 · 17%
Consumer
1 · 8%
Developer tools
1 · 8%
Semiconductors
1 · 8%
By stage (tracked rounds)
Series C
2 · 40%
Series B
1 · 20%
Series A
1 · 20%
Seed
1 · 20%

Co-Investors

12

Similar Firms

overlapping sector, stage or region

Latest Pulse

  1. Startup ARR Is Less Secure Than EverNew research from Madrona, a16z and MIT shows enterprises now reevaluate AI vendors every six months, and fewer than half of AI pilots reach production -- meaning AI-era ARR is far less durable than the metric implies.→
  2. Faye Raises $50M to Scale Travel ProtectionFaye raised a $50M Series C led by Madrona at an estimated $500M valuation, funding growth for its AI-powered travel protection platform that pays claims directly instead of routing through legacy insurers.→
  3. Ex-Perplexity Engineer's Polar Raises $5.7M for AI BrowserPolar, an AI browser startup founded by a former Perplexity engineer who worked on Comet, raised $5.7 million in seed funding led by Madrona to automate hours of repetitive browser-based knowledge work.→

Madrona Ventures FAQ

What companies has Madrona Ventures invested in?

Madrona Ventures' portfolio includes OpenAI, Anthropic, Vinci, Atomic Technologies, Temporal, Spotnana Technology, and 6 more tracked companies.

Who does Madrona Ventures co-invest with most?

In the rounds Value Add tracks, Madrona Ventures most often invests alongside Sequoia Capital (3 shared deals), SV Angel (3 shared deals), Advent International (2 shared deals), Alpha Wave Global (2 shared deals), Altimeter Capital (2 shared deals).

Sources & methodologyshow
Where these figures come from

Figures are labelled Reported (a source states it), Estimated, Derived (computed from other facts) or Rumored (in talks / unconfirmed). Rumors never replace a confirmed figure. Each figure keeps its own as-of date; history is preserved rather than overwritten.

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