Seattle VC Madrona Raises $700M+ Across Two Recently Closed Funds

Madrona Venture Group raised $489.6M for its 10th flagship fund and $269.4M for its fourth acceleration fund, according to separate January 29 filings with the SEC.

Both funds opened for sale on January 16. Madrona Venture Fund X secured commitments from 160 investors, while Madrona Acceleration Fund IV garnered support from 144 investors.

The venture capital firm first announced on January 23 the closing of the funds, saying it secured combined capital commitments of $700M across the two investment vehicles. It said the latest fundraising was its largest and marked its 30th year of supporting startups.

Fund X will invest in various fundraising stages, while Acceleration IV will focus on series B and C funding rounds. Madrona said it is looking at 30 investment opportunities for Fund X and 12 for Acceleration IV, noting that most of the funds' capital will be invested in the technology ecosystems of the greater Seattle, Pacific Northwest, and Silicon Valley areas.

Since its establishment, Madrona has built a portfolio that includes Amazon, Smartsheet, Runway, MotherDuck, OctoAI, Common Room, and Snowflake. 

Source:

https://www.sec.gov/Archives/edgar/data/2053299/000205329925000001/xslFormDX01/primary_doc.xml

https://www.sec.gov/Archives/edgar/data/2053269/000205329925000006/xslFormDX01/primary_doc.xml

https://www.businesswire.com/news/home/20250123249755/en/Madrona-Announces-770-Million-in-New-Capital-for-Madrona-Fund-X-and-Acceleration-Fund-IV

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Written By: Dakota

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