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Madrona Venture raises another $300 million fund to invest in Northwest startups

May 22, 2018View for printing

Madrona Venture Group http://www.madrona.com/ , a longtime venture investing firm in Seattle, has raised $300 million for its next pool of funds to pour into startups, the firm announced Tuesday.

The fund is the firm's seventh in its 23 years, bringing the total funds under management to $1.6 billion, and will be used in much the same way as its past six - to invest in young technology startups headquartered in the Pacific Northwest. Madrona generally invests in companies when they are in their early years, and then often invests again before the startup's acquisition or an initial public offering (IPO).

Madrona has long been known as one of the most active venture funds in the region.

By Rachel Lerman Seattle Times technology reporter

https://www.seattletimes.com/business ... l-startups/
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