About Madrona
Madrona is a venture capital firm founded in 1995. It is primarily based out of Seattle, United States. As of Oct 2026, Madrona is an active investor, having invested in 305 companies, with 20 new investments in the last 12 months. It primarily invests in Series A round in United States based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to High Tech and Consumer. Most recently it participated in the $***** Series B round of Vinci Overall, Madrona portfolio has seen 18 unicorns, 8 IPOs and 103 acquisitions including key companies like Amazon, Rover and Aura. A lot of funds co-invest with Madrona, with names like Vulcan Capital sharing a substantial percentage of its portfolio. Madrona has team of 61 people including 35 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Series A, Seed & 8 more
Portfolio Acquisitions
Portfolio Soonicorns
Madrona's List of Top Investments
Madrona has a portfolio of 305 companies, including 18 unicorns. Their most notable investments are in Impart Security and Otto.Their portfolio spans across United States, Canada, India and 10 more locations. They have invested in Enterprise Applications, High Tech, Consumer and 36 other sectors, across stages such as Series A, Seed and 8 more. Here is the list of top investments by Madrona:
1. OpenAI
Artificial intelligence research and development platform offering advanced language models. It enables businesses and individuals to build and integrate AI capabilities into their applications and services. It is a technology company specializing in the development of artificial intelligence models, including the popular ChatGPT, which enables users to interact with AI-powered conversational interfaces. The company's research focuses on achieving artificial general intelligence, a system that can solve complex human-level problems, while prioritizing safety and benefits. It provides its AI models through an API platform, enabling developers to integrate AI capabilities into their applications.
Key facts about OpenAI
- Founded Year: 2015
- Location: San Francisco (United States)
- Valuation: $*****
- Stage: Series F
- Total Funding till date: $180B
- Employee Count: 11,056 as on Aug 31, 2026
- Investors: Glynn Capital, K2 Global and 97 Others
- Latest Funding Round: Series F, Apr 22, 2026, $*****
- Highlight: Editors' Pick
2. Amazon
Online marketplace and cloud computing provider. It provides a platform for purchasing diverse goods, from digital media and devices to apparel and food items. The platform offers options such as subscription services, digital content, and various shopping programs. It also facilitates transactions through different payment methods and gift options.
Key facts about Amazon
- Founded Year: 1994
- Location: Seattle (United States)
- Annual Revenue: $1B+ as on Dec 31, 2025
- Stage: Public
- Total Funding till date: $8M
- Employee Count: 767,351 as on Aug 31, 2026
- Investors: 2020 Ventures, Berkshire Hathaway and 49 Others
- Latest Funding Round: Post IPO, Mar 22, 2013, $*****
- Highlight: Public
3. Rover
App-based pet sitting marketplace. The platform connects dog owners with dog sitters who look after pets at owners own homes. It allows users to find other pet-care service providers and book using the platform by making an online payment. Its service offerings include dog boarding, house sitting, dog walking, pet grooming, and more. The app is available for iOS and Android devices.
Key facts about Rover
- Founded Year: 2011
- Location: Olympia (United States)
- Annual Revenue: $100M - $500M as on Dec 31, 2022
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $409M
- Employee Count: 11,851 as on Aug 31, 2026
- Investors: K2 Global, Cross Creek and 32 Others
- Latest Funding Round: Venture Debt, May 24, 2018, $*****
- Highlight: Acquired
4. Aura
Provider of online safety solutions for identity, privacy, and devices. The company offers credit monitoring, identity theft protection, and suspicious transaction alerts. It provides a privacy assistant, parental controls, and cyberbullying protection. The company delivers a virtual private network, antivirus software, and a password manager.
Key facts about Aura
- Founded Year: 2017
- Location: Boston (United States)
- Stage: Public
- Total Funding till date: $672M
- Employee Count: 1,360 as on Sep 30, 2026
- Investors: Annox Capital, Ten Eleven Ventures and 13 Others
- Latest Funding Round: Series G, Mar 24, 2025, $*****
- Highlight: Public
5. Redfin
Online brokerage solution for residential properties. The platform provides users with homes for sale and sale-by-owner properties. Provides MLS listing information with historical data into a single map. It offers services including analytics, sales center management, marketing, branding, targeted e-mailers, and more.
Key facts about Redfin
- Founded Year: 2004
- Location: Seattle (United States)
- Annual Revenue: $1B+ as on Dec 31, 2024
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $166M
- Employee Count: 5,674 as on Aug 31, 2026
- Investors: Glynn Capital, SeedFord Partners and 19 Others
- Latest Funding Round: Post IPO, Oct 14, 2020, $*****
- Highlight: Acquired
Madrona's Year-on-Year Investment Trends
Madrona has invested in 306 companies over the last 27 years, with an average of 17 new investments annually in the last 10 years. In 2025, it made 30 investments, while as of Oct 2026, it has made 22 investments in this year. Its most recent first time investment was in Vinci and most recent follow-on round was in Atomic.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 18 | 4 | 22 |
2025 | 20 | 10 | 30 |
2024 | 11 | 9 | 20 |
2023 | 15 | 13 | 28 |
2022 | 17 | 22 | 39 |
2021 | 28 | 25 | 53 |
2020 | 19 | 10 | 29 |
2019 | 16 | 12 | 28 |
2018 | 16 | 22 | 38 |
2017 | 12 | 21 | 33 |
Madrona's Investments by Stage
Madrona has made 119 investments in Series A stage with an average round size of $11.2M, 105 investments in Seed stage with an average round size of $5.93M and 33 investments in Series B stage with an average round size of $44.3M.Stage of entry | No. of Investments |
|---|---|
Series A | 119 |
Seed | 105 |
Series B | 33 |
Series C | 12 |
Series D | 5 |
Others | 8 |
Note: We have considered here, only first round of investments
Madrona's Investments by Sector
Madrona has a diverse portfolio, with companies operating in the Enterprise Applications, High Tech, Enterprise Infrastructure, Consumer and Vertical SaaS. Notably, it has invested in 274 Tech companies, 242 Enterprise (B2B) companies, 209 Software companies and at least 142 companies focusing on Saas.Sector | No. of Investments |
|---|---|
Enterprise Applications | 196 |
High Tech | 56 |
Enterprise Infrastructure | 52 |
Consumer | 44 |
Vertical SaaS | 33 |
Others | 211 |
Note: We have considered here, only first round of investments
Madrona's Investments by Geography
Madrona has made most investments in United States (262), followed by Canada where it has made 4 investments.Country | No. of Investments |
|---|---|
United States | 262 |
Canada | 4 |
India | 4 |
United Kingdom | 4 |
Israel | 3 |
Others | 8 |
Note: We have considered here, only first round of investments
Madrona's recent investments
Madrona has made 22 investments in 2026 so far. Vinci and Monid AI are the latest among them.Here are the most recent investments by Madrona:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Oct 06, 2026 | United States | Series B | 6807 | [+5] | |
Oct 06, 2026 | United States | Seed | 9988 | ||
Sep 29, 2026 | United States | Series A | 7688 | [+3] | |
Sep 15, 2026 | United Kingdom | Series A | 3992 | [+5] | |
Sep 15, 2026 | United States | Series A | 7354 | [+3] |
Unicorns in Madrona's Portfolio
Madrona has 18 unicorns in its portfolio - Axiom, Deepgram, Typeface and others. The most recent unicorn in their portfolio is Axiom. It became a unicorn in 2026.Here is a list of unicorns in Madrona's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
53 | Developer of artificial intelligence systems focused on superintelligent reasoning capabilities | 2025 | - | Palo Alto | Series A | qcsllwh | |
66 | Provider of AI-based speech transcription software | 2015 | San Francisco | Series C | pueezdm | ||
59 | Developer of an AI platform for personalized enterprise marketing content | 2022 | San Francisco | Series B | gbobbzb | ||
65 | E-commerce delivery management platform for businesses | 2013 | Seattle | Series D | iynzfkh | ||
69 | Platform offering campaign analytics software | 2012 | Seattle | Series D | tdmhjt{ |
IPOs and Publicly Listed companies in Madrona's Portfolio
8 of Madrona's portfolio companies have become public. Aura got listed on the Australian Securities Exchange (ASX), in Jul 2026 and ReNew got listed on the National Association of Securities Dealers Automated Quotations (NASDAQ) at marketcap of $3.29B.Here are Madrona's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jul 09, 2026 | Oct 19, 2021 | Series F | 4569 | |
Aug 24, 2021 | Nov 17, 2016 | Series A | 4234 | |
Jun 10, 2021 | May 18, 2020 | Series B | 6596 | |
Apr 21, 2021 | Oct 16, 2018 | Series C | 7465 | |
Sep 16, 2020 | Mar 24, 2017 | Series D | 7115 |
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Acquired companies in Madrona's Portfolio
103 companies from Madrona's portfolio have been acquired. The most recent acquisition was TroopTravel in Aug 2026 by Spotnana for $*****.Here are Madrona's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Aug 26, 2026 | Sep 30, 2021 | Series A | 1663 | |
Aug 19, 2026 | Apr 14, 2021 | Series A | 1607 | |
Jul 15, 2026 | Jul 17, 2024 | Series A | 5883 | |
Jul 02, 2026 | Mar 2020 | Seed | 6189 | |
May 20, 2026 | Jun 17, 2009 | Series B | 6325 |
Team profile of Madrona
Madrona has a team of 61 members including 35 Partners, 3 Venture Partners and 8 Principals located in United States. Madrona's team sits on the board of 13 companies.Here is a list of top team members in Madrona:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Seattle | - | ||
Partner | Sea Island | Smartsheet, PayScale and 4 more | ||
Partner | Seattle | - | ||
Partner | Seattle | - | ||
Partner | United States | - | ||
Partner | North Bend | - | ||
Partner | Seattle | |||
Partner | Seattle | - | ||
Partner | Seattle | - | ||
Partner | Bellevue | - |
Co-investors of Madrona
Over the past 27 years, 1385 investors have co-invested in Madrona's portfolio companies. This includes funds and angels.
- Invested before Madrona: Techstars, Y Combinator and 355 others have invested in rounds before Madrona. There are 8 companies where Techstars has invested before Madrona and 7 companies where Y Combinator has invested before Madrona.
- Top Co-investors of Madrona: 543 investors entered a company along with Madrona. These include investors like Vulcan Capital (9 companies).
- Invested after Madrona: A total of 485 investors have invested in Madrona's portfolio after their investments. Top Investors include Insight Partners (12 companies), Tiger Global Management (10 companies) and Alumni Ventures (10 companies).
Recent News related to Madrona
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SciFin Secures $44 Million in Seed Funding from Investors Including Altimeter and Madronaintelligence360•Oct 08, 2026•Madrona, Altimeter Capital, Zetta Venture Partners, SciFin AI and 2 others
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Atomic Scores $12.5M Series A FinancingMassinvestor•Sep 30, 2026•Madrona, Klass Capital, Atomic, Atomic and 1 other
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Buywander Raises $21 Million in Series A Funding for Returned Inventory MarketplaceRetail Technology Innovation Hub•Sep 16, 2026•Inspired Capital, Madrona, Buywander
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Jack & Jill Raises $40 Million In Series A Funding RoundSuperbCrew•Sep 15, 2026•Jack & Jill AI, Air Street Capital, Madrona, Antler and 4 others
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SciFin Debuts With $44 Million Seed Fundingsvdaily.com•Sep 09, 2026•Madrona, Altimeter Capital, S32, Foundation Capital
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NewDays AI Dementia Care Platform Raises $16M Seed Round, Expands to NevadaGeekWire•Sep 02, 2026•Madrona, NewDays, General Catalyst, Conviction and 4 others
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Madrona Announces 2026 Intelligent Applications 40 Recognizing Top Private AI CompaniesFinancial Post•Aug 31, 2026•Madrona
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Travel Tech Firm Faye Raises $50 Million to Accelerate AI-Powered Insurance ClaimsSkift•Aug 05, 2026•Faye, Madrona, Lumir Ventures, BRM and 1 other
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Polar Raises $5.7M Seed Funding for AI Browser Automating Knowledge WorkTechStartups.com•Jul 29, 2026•Madrona, Polar
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Thira Raises $21 Million Seed Round Led by Madrona to Build Self-Running Back-OfficeCIO Influence•Jul 14, 2026•Madrona, Thira
