About Madrona Venture Labs
Madrona Venture Labs, an accelerator and incubator program founded in 2014, is based in Seattle, United States. With a presence in 1 country, it has supported around 21 startups in sectors like Enterprise Applications, High Tech. As of May 2026, Madrona Venture Labs has witnessed 3 portfolio exits. Most notable companies in
its portfolio include Vouched, Strike Graph and Spice AI. The program is backed by a team of 24 people who primarily support Seed startups based in United States. Its latest investment was a $3.25M Seed round in Muir on Oct 03, 2023, which also saw participation from Base10 Partners and Soma Capital.
Key Metrics
Founded Year
2014
Location
Seattle, United States
Portfolio Companies
Sectors of Investment
Stages of Investment
Seed, Convertible Debt & 1 more
Locations of Investment
Madrona Venture Labs' List of Top Investments
Madrona Venture Labs has a portfolio of 21 companies. Their most notable investments are in Storia and Charmed.Their portfolio spans across and United States. They have invested in Enterprise Applications, High Tech, Retail and 13 other sectors, across stages such as Seed, Convertible Debt and 1 more. Here is the list of top investments by Madrona Venture Labs:1. Vouched
Provider of identity verification solutions for multiple industries and AI agents. The company delivers identity verification, fraud detection, data verification, and compliance. It offers tools for healthcare, financial services, automotive, real estate, and hospitality sectors. The company provides application programming interfaces, software development kits, and JavaScript plug-ins.
Key facts about Vouched
- Founded Year: 2018
- Location: Seattle (United States)
- Stage: Series A
- Total Funding till date: $30.9M
- Employee Count: 58 as on Mar 31, 2026
- Investors: SK Ventures, SpringRock Ventures and 14 Others
- Latest Funding Round: Series A, Sep 04, 2025, $*****
- Highlight: Editors' Pick
2. Strike Graph
Provider of AI-native compliance management platform for security and audit readiness. The platform offers tools for designing security programs, managing risks, and automating compliance tasks. It provides features such as action item management, AI security assistance, and customizable dashboards. The platform supports various frameworks, including CCPA/CPRA, CMMC, GDPR, HIPAA, and SOC 2. It also offers integrations, pen testing, vulnerability scanning, and a self-assessment system.
Key facts about Strike Graph
- Founded Year: 2020
- Location: Seattle (United States)
- Stage: Series A
- Total Funding till date: $23.4M
- Employee Count: 41 as on Mar 31, 2026
- Investors: Information Venture Partners, Revolution and 9 Others
- Latest Funding Round: Series A, Dec 18, 2023, $*****
- Highlight: Editors' Pick
3. Spice AI
Provider of open-source data lakehouse platform for accelerating SQL queries and integrating AI. It connects to operational databases, data lakes, and warehouses across enterprises to federate queries without ETL processes, materializing hot datasets for millisecond access while supporting hybrid search and embedded AI inference. It is managed cloud platform supports high-speed SQL queries, hybrid vector and full-text search, retrieval‑augmented generation, and model hosting via an OpenAI-compatible gateway.
Key facts about Spice AI
- Founded Year: 2021
- Location: Bellevue (United States)
- Stage: Seed
- Total Funding till date: $14.5M
- Employee Count: 17 as on Mar 31, 2026
- Investors: Blackbird Ventures, Alumni Ventures and 14 Others
- Latest Funding Round: Seed, Sep 07, 2022, $*****
- Highlight: Editors' Pick
4. Alongside
Online platform offering mental health-related courses. Its platform uses a chatbot that helps users to share their struggles and get recommendations for exercises and videos that help them feel better.
Key facts about Alongside
- Founded Year: 2022
- Location: Seattle (United States)
- Stage: Acquired
- Total Funding till date: $5.5M
- Employee Count: 31 as on Mar 31, 2026
- Investors: Trilogy Equity Partners, Madrona Venture Labs and 2 Others
- Latest Funding Round: Seed, Aug 25, 2022, $*****
- Highlight: Acquired
5. Mighty AI
Provider of training data for computer vision and AI models. Offers turnkey data management solutions that convert raw and unlabeled data into useful high-quality data pairing machine learning algorithms in order to train and validate models.
Key facts about Mighty AI
- Founded Year: 2014
- Location: Seattle (United States)
- Stage: Acquired
- Total Funding till date: $27.2M
- Employee Count: 5 as on Mar 31, 2026
- Investors: Intel, Google Ventures and 5 Others
- Latest Funding Round: Series A, Jan 10, 2017, $*****
- Highlight: Acquired
Madrona Venture Labs' Year-on-Year Investment Trends
Madrona Venture Labs has invested in 21 companies over the last 7 years, with an average of 1 new investment annually in the last 5 years. Its most recent first time investment was in Charmed and most recent follow-on round was in Muir.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 0 | 0 | 0 |
2024 | 0 | 0 | 0 |
2023 | 4 | 1 | 5 |
2022 | 3 | 0 | 3 |
2021 | 0 | 0 | 0 |
2020 | 1 | 0 | 1 |
2019 | 1 | 0 | 1 |
Madrona Venture Labs' Investments by Stage
Madrona Venture Labs has made 7 investments in Seed stage with an average round size of $1.87M, 1 investment in Convertible Debt stage with an average round size of $500K and 1 investment in Unattributed stage with an average round size of $100K.Stage of entry | No. of Investments |
|---|---|
Seed | 7 |
Convertible Debt | 1 |
Unattributed | 1 |
Note: We have considered here, only first round of investments
Madrona Venture Labs' Investments by Sector
Madrona Venture Labs has a diverse portfolio, with companies operating in the Enterprise Applications, Business Services, FinTech, High Tech and Vertical SaaS. Notably, it has invested in 16 Tech companies, 13 Enterprise (B2B) companies, 12 Software companies and at least 6 companies focusing on Saas.Sector | No. of Investments |
|---|---|
Enterprise Applications | 4 |
Business Services | 2 |
FinTech | 2 |
High Tech | 2 |
Vertical SaaS | 2 |
Others | 6 |
Note: We have considered here, only first round of investments
Madrona Venture Labs' Investments by Geography
Madrona Venture Labs has made most investments in United States (9).Madrona Venture Labs' recent investments
Madrona Venture Labs has not made any investment in 2026 so far.Here are the most recent investments by Madrona Venture Labs:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Oct 03, 2023 | United States | Seed | 3146 | [+1] | |
Jul 20, 2023 | United States | Seed | 2512 | - | |
Jun 02, 2023 | United States | Convertible Debt | 6334 | ||
Apr 18, 2023 | United States | Seed | 5857 | - | |
Apr 13, 2023 | United States | Seed | 7268 | - |
Acquired companies in Madrona Venture Labs' Portfolio
3 companies from Madrona Venture Labs' portfolio have been acquired. The most recent acquisition was Alongside in May 2026 by TimelyCare for $*****.Here are Madrona Venture Labs' portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
May 04, 2026 | Aug 25, 2022 | Seed | 8652 | |
Jun 26, 2019 | - | - | 2227 | |
Mar 08, 2018 | - | - | 2652 |
Team profile of Madrona Venture Labs
Madrona Venture Labs has a team of 24 members including 4 Partners, 1 Venture Partner and 7 Principals located in United States. Madrona Venture Labs' team does not sit on the board of any company as of now.Here is a list of top team members in Madrona Venture Labs:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Seattle | - | ||
Partner | Seattle | - | - | |
Partner | Seattle | - | - | |
Partner | San Francisco | - | - | |
Venture Partner | Bellevue | - | - | |
Principal | San Francisco | - | - | |
Principal | Seattle | - | ||
Principal | Austin | - | ||
Principal | Santa Monica | - | ||
Principal | Mercer Island | - | ||
Principal | Mercer Island | - | - |
Co-investors of Madrona Venture Labs
Over the past 7 years, 21 investors have co-invested in Madrona Venture Labs's portfolio companies. This includes funds and angels.
- Top Co-investors of Madrona Venture Labs: 12 investors entered a company along with Madrona Venture Labs. These include investors like Darrell Cavens (1 company).
- Invested after Madrona Venture Labs: A total of 9 investors have invested in Madrona Venture Labs's portfolio after their investments. Top Investors include Madrona (2 companies) and Mark Vadon (1 company).
Recent News related to Madrona Venture Labs
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Codified: Generative AI-Powered Data Governance Company Closes $4 MillionPulse 2.0•Mar 03, 2024•Codified, Madrona Venture Labs, Vine Ventures, Soma Capital and 2 others
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Muir AI Raises $3.25M in Seed FundingFinSMEs•Oct 05, 2023•Muir, Base10 Partners, Madrona Venture Labs, Soma Capital and 1 other
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