Seattle -based Madron Capital celebrates a 30 -year business by raising a $ 770 billion of $ 770 million. This is the largest financing so far, exceeding $ 690 million in two funds closed by Madrona in 2022.
The excitement of an 11 % capital pool may not seem to be important, but the increase in the increase in the number of venture costumes to reduce funding is the company's prospects and recent achievements. It is a sign of being excited.
Matt Macilwayne, Madron's management director, told TechCrunch that last year it was useful to sell some portfolio companies and distribute capital to investors. The company's recent exit includes Lexion, which was sold to Docusign for $ 165 million, and OCTO AI acquired by NVIDIA for $ 250 million.
“The LP community is generally concerned about distribution,” Mcilwain says. “I think we were standing out not only for the past year, but as a company that did it really well over the years.”
Madrona started in 1995 as a group of Super Angel, a check on the online bookstore Amazon. Later, the company has evolved into Redfin, SmartSheet, SnowFlake, and recently, Redfin, SmartSheet, SnowFlake, and recently a multi -stage investor who has supported companies. AI startup typeface and runway.
Madrona definitely benefited from being the largest VC company in the same geographical position as Amazon and Microsoft, but by opening an office in Silicon Valley in 2022, he decided to adventure beyond Seattle. I did.
Mcilwain states that fresh capital is used to invest in AI applications in an AI application in an area that can “remove friction” from Travel to Life Sciences, and to infrastructure companies that can “remove friction” between basic models and users. I did it. The company backs about 30 early seeds, seeds, and series A startups from the initial funds of about 490 million dollars, and the remaining capital is to 12 companies with Series B or Series C.
When Madrona has entered four years, it is very optimistic about the future of 2025. McU -in explained the current conditions as “risk -on mind sets” that fostering the entrepreneur spirit and creating value.