Madrona Venture Group

Madrona Venture Group is a Seattle-based venture capital firm founded in 1995 that backs technology and consumer startups from seed through growth stages. It focuses on information technology, software, digital media and advertising, e-commerce, data analytics, fintech, cloud, mobile, and AI, as well as related infrastructure, hardware, and robotics. The firm primarily targets companies in the Pacific Northwest and the broader West Coast, and often leads investments with a goal of taking board seats to help portfolio companies scale from early development to market leadership.

Tom Alberg

Co-Founder and Managing Director

Loren Alhadeff

Venture Partner

Jennifer Chambers

Administrative Partner

Troy Cichos JD

Partner

Hope Cochran

Venture Partner

Jack Creighton

Strategic Director

Aseem Datar

Partner

Patrick J. Ennis

Venture Partner

Maggie Finch

Partner

Maria Gilfoyle

Investor

Palak Goel

Investor

Paul Goodrich

Managing Director

Gerald Grinstein

Co-Founder and Strategic Director

Joseph Horsman

Investor

Scott Jacobson

Managing Director

Len Jordan

Managing Director

Ted Kummert

Venture Partner

Daniel Li

Venture Partner

Matthew McIlwain

Managing Director

Karan Mehandru

Managing Director

Mark T. Nelson

Venture Partner

Babak Parviz

Venture Partner

James Phillips

Strategic Director

Chris Picardo

Partner

Tim Porter

Managing Director

Vivek Ramaswami

Partner

Bill Richter

Venture Partner

William Ruckelshaus

Strategic Director

Siddharth Shenai JD

Venture Partner

Steve Singh

Managing Director

Soma Somasegar

Managing Director

John Torrey

Venture Partner

Jon Turow

Partner

Ishani Ummat

Investor

Dan Weld

Venture Partner

Past deals in Oregon

Sila

Series A in 2021
Sila Inc., established in 2018 and based in Portland, Oregon, specializes in developing banking and payments infrastructure for software teams. It offers Sila, a comprehensive API suite enabling user identification, bank account connection, and secure money transfers using stablecoin technology. The company's platform facilitates rapid integration of financial services into applications, with a focus on compliance and fraud prevention.

Sila

Seed Round in 2020
Sila Inc., established in 2018 and based in Portland, Oregon, specializes in developing banking and payments infrastructure for software teams. It offers Sila, a comprehensive API suite enabling user identification, bank account connection, and secure money transfers using stablecoin technology. The company's platform facilitates rapid integration of financial services into applications, with a focus on compliance and fraud prevention.

Wrench

Series C in 2019
Wrench, Inc. is a mobile auto repair service provider that specializes in offering car and truck repair services directly at customers' homes and offices. Founded in 2015 and headquartered in Seattle, Washington, the company operates in multiple states, including Arizona, California, Florida, Georgia, Illinois, Nevada, North Carolina, Oregon, Tennessee, Texas, and Washington. Wrench offers a comprehensive range of services, including alternator and battery replacement, brake repair, oil and filter changes, diagnostic services, and more. Customers can conveniently book appointments online, making the process accessible and efficient.

Wrench

Series B in 2018
Wrench, Inc. is a mobile auto repair service provider that specializes in offering car and truck repair services directly at customers' homes and offices. Founded in 2015 and headquartered in Seattle, Washington, the company operates in multiple states, including Arizona, California, Florida, Georgia, Illinois, Nevada, North Carolina, Oregon, Tennessee, Texas, and Washington. Wrench offers a comprehensive range of services, including alternator and battery replacement, brake repair, oil and filter changes, diagnostic services, and more. Customers can conveniently book appointments online, making the process accessible and efficient.

Jama Software

Venture Round in 2018
Jama Software, Inc. is a developer of a requirements management platform that aids organizations in creating complex products and mission-critical software systems. Founded in 2006 and headquartered in Portland, Oregon, with an additional office in Haarlem, the Netherlands, Jama Software offers Jama Connect, a solution designed to streamline the product development lifecycle from idea to launch. The platform enables detailed impact assessments from a single source, enhancing collaboration and reducing errors associated with disparate data sources. It serves various industries, including aerospace and defense, automotive, consumer electronics, enterprise software and services, financial services and insurance, industrial technology, medical devices, and semiconductors. By managing both operational and strategic elements of product development, Jama Software helps organizations improve product quality, mitigate risks, and accelerate their time to market.

Rigado

Series A in 2018
Rigado Inc. is a manufacturer of Bluetooth low energy modules and a provider of edge-as-a-service infrastructure tailored for commercial Internet of Things (IoT) solutions. The company offers a range of products, including Bluetooth connectivity solutions, evaluation boards, and a firmware package for wireless functionality. Rigado's edge computing capabilities are designed to support applications such as asset tracking and smart buildings, featuring flexible wireless gateways and a containerized computing platform. Additionally, Rigado provides comprehensive product development services, including electrical design, RF and wireless engineering, software design, mechanical design, and industrial design. The company serves various sectors, including health and fitness, kiosks, payment systems, and military research. Founded in 2010 and based in Portland, Oregon, Rigado has established strategic partnerships with several industry leaders to enhance its offerings and facilitate large-scale IoT deployments.

Wrench

Series A in 2017
Wrench, Inc. is a mobile auto repair service provider that specializes in offering car and truck repair services directly at customers' homes and offices. Founded in 2015 and headquartered in Seattle, Washington, the company operates in multiple states, including Arizona, California, Florida, Georgia, Illinois, Nevada, North Carolina, Oregon, Tennessee, Texas, and Washington. Wrench offers a comprehensive range of services, including alternator and battery replacement, brake repair, oil and filter changes, diagnostic services, and more. Customers can conveniently book appointments online, making the process accessible and efficient.

OPAL

Series B in 2016
Opal Labs Inc. is a marketing collaboration platform based in Portland, Oregon, founded in 2009. The company provides an online platform that enables organizations to effectively plan, create, view, edit, and approve their brand marketing content. By promoting alignment among marketing teams, Opal facilitates strategic campaign creation, streamlines the review process, and enhances content management, thereby reducing complexity and breaking down silos within organizations. The platform integrates seamlessly with various distribution methods, allowing teams to work together more efficiently and achieve successful marketing outcomes.

Wrench

Seed Round in 2016
Wrench, Inc. is a mobile auto repair service provider that specializes in offering car and truck repair services directly at customers' homes and offices. Founded in 2015 and headquartered in Seattle, Washington, the company operates in multiple states, including Arizona, California, Florida, Georgia, Illinois, Nevada, North Carolina, Oregon, Tennessee, Texas, and Washington. Wrench offers a comprehensive range of services, including alternator and battery replacement, brake repair, oil and filter changes, diagnostic services, and more. Customers can conveniently book appointments online, making the process accessible and efficient.

Cedexis

Series B in 2016
Cedexis Inc. is a company that specializes in Internet performance control and monitoring solutions. Founded in 2009 by veterans of the web hosting and content delivery market, Cedexis provides a suite of tools designed to optimize web performance across various data centers, delivery networks, and clouds. Its flagship products include Cedexis Radar, a traffic management platform; Cedexis Openmix, a data-driven cloud routing platform that directs traffic based on real-time performance data; and Cedexis Pulse, which allows users to access application-specific information. The company offers adaptive automation to optimize traffic dynamically, ensuring that businesses can select the best-performing clouds for their needs. Cedexis is particularly valuable for media, retail, and consumer brands that depend on high availability and fast load times to enhance user experience and drive revenue. Headquartered in Portland, Oregon, Cedexis also has offices in Paris, San Francisco, and sales representatives across multiple countries including the United Kingdom and Germany.

Jama Software

Series C in 2015
Jama Software, Inc. is a developer of a requirements management platform that aids organizations in creating complex products and mission-critical software systems. Founded in 2006 and headquartered in Portland, Oregon, with an additional office in Haarlem, the Netherlands, Jama Software offers Jama Connect, a solution designed to streamline the product development lifecycle from idea to launch. The platform enables detailed impact assessments from a single source, enhancing collaboration and reducing errors associated with disparate data sources. It serves various industries, including aerospace and defense, automotive, consumer electronics, enterprise software and services, financial services and insurance, industrial technology, medical devices, and semiconductors. By managing both operational and strategic elements of product development, Jama Software helps organizations improve product quality, mitigate risks, and accelerate their time to market.

OPAL

Series A in 2014
Opal Labs Inc. is a marketing collaboration platform based in Portland, Oregon, founded in 2009. The company provides an online platform that enables organizations to effectively plan, create, view, edit, and approve their brand marketing content. By promoting alignment among marketing teams, Opal facilitates strategic campaign creation, streamlines the review process, and enhances content management, thereby reducing complexity and breaking down silos within organizations. The platform integrates seamlessly with various distribution methods, allowing teams to work together more efficiently and achieve successful marketing outcomes.

Jama Software

Series B in 2013
Jama Software, Inc. is a developer of a requirements management platform that aids organizations in creating complex products and mission-critical software systems. Founded in 2006 and headquartered in Portland, Oregon, with an additional office in Haarlem, the Netherlands, Jama Software offers Jama Connect, a solution designed to streamline the product development lifecycle from idea to launch. The platform enables detailed impact assessments from a single source, enhancing collaboration and reducing errors associated with disparate data sources. It serves various industries, including aerospace and defense, automotive, consumer electronics, enterprise software and services, financial services and insurance, industrial technology, medical devices, and semiconductors. By managing both operational and strategic elements of product development, Jama Software helps organizations improve product quality, mitigate risks, and accelerate their time to market.

Cedexis

Series A in 2011
Cedexis Inc. is a company that specializes in Internet performance control and monitoring solutions. Founded in 2009 by veterans of the web hosting and content delivery market, Cedexis provides a suite of tools designed to optimize web performance across various data centers, delivery networks, and clouds. Its flagship products include Cedexis Radar, a traffic management platform; Cedexis Openmix, a data-driven cloud routing platform that directs traffic based on real-time performance data; and Cedexis Pulse, which allows users to access application-specific information. The company offers adaptive automation to optimize traffic dynamically, ensuring that businesses can select the best-performing clouds for their needs. Cedexis is particularly valuable for media, retail, and consumer brands that depend on high availability and fast load times to enhance user experience and drive revenue. Headquartered in Portland, Oregon, Cedexis also has offices in Paris, San Francisco, and sales representatives across multiple countries including the United Kingdom and Germany.

ShopIgniter

Series B in 2011
ShopIgniter is a provider of electronic commerce software services that specializes in social performance marketing. Founded in 2009 and headquartered in Portland, Oregon, the company offers a platform designed to help digital marketing leaders effectively reach and convert social mobile consumers. The platform equips brands with tools for robust targeting, ad creative optimization, mobile landing page testing, and integrated conversion strategies. Prominent companies such as Target, Ford, Disney, Sony Music, Nike, and Universal utilize ShopIgniter's services to create, manage, and assess impactful social media advertising campaigns. Through its innovative approach, ShopIgniter drives significant brand and business outcomes across various networks and devices.

ShopIgniter

Series A in 2010
ShopIgniter is a provider of electronic commerce software services that specializes in social performance marketing. Founded in 2009 and headquartered in Portland, Oregon, the company offers a platform designed to help digital marketing leaders effectively reach and convert social mobile consumers. The platform equips brands with tools for robust targeting, ad creative optimization, mobile landing page testing, and integrated conversion strategies. Prominent companies such as Target, Ford, Disney, Sony Music, Nike, and Universal utilize ShopIgniter's services to create, manage, and assess impactful social media advertising campaigns. Through its innovative approach, ShopIgniter drives significant brand and business outcomes across various networks and devices.

Mixpo

Series B in 2009
Mixpo, Inc. is a Seattle-based company that operates a comprehensive advertising platform specializing in social, display, and video advertising. Founded in 2002, Mixpo provides tools for advertisers, agencies, and media companies to create, deliver, and measure digital advertising campaigns effectively. The platform enhances campaign performance by integrating channels, assets, and providing advanced capabilities such as measurement, bid optimization, targeting, and retargeting. It also offers solutions tailored for brand advertisers, local creative services, national networks, and advertising exchanges. Known for its innovative technology and deep data insights, Mixpo facilitates ad verification and performance analysis across various demographics and devices. As of 2017, Mixpo functions as a subsidiary of Netsertive, Inc.

Mixpo

Series A in 2006
Mixpo, Inc. is a Seattle-based company that operates a comprehensive advertising platform specializing in social, display, and video advertising. Founded in 2002, Mixpo provides tools for advertisers, agencies, and media companies to create, deliver, and measure digital advertising campaigns effectively. The platform enhances campaign performance by integrating channels, assets, and providing advanced capabilities such as measurement, bid optimization, targeting, and retargeting. It also offers solutions tailored for brand advertisers, local creative services, national networks, and advertising exchanges. Known for its innovative technology and deep data insights, Mixpo facilitates ad verification and performance analysis across various demographics and devices. As of 2017, Mixpo functions as a subsidiary of Netsertive, Inc.

RuleSpace

Series C in 2000
RuleSpace, Inc., based in Portland, Oregon, is a privately held company specializing in automated web content recognition technology and services. The company enables internet applications and network appliances to instantly identify and categorize web content, enhancing the delivery of relevant information to users. By utilizing RuleSpace's technology, network access vendors, online marketers, and portals can provide more meaningful and contextually appropriate content as users navigate the web. This approach stands in contrast to traditional human review methods, as RuleSpace's solutions efficiently adapt to the rapid growth of web content, ensuring that information remains current and relevant.
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