Madrona Venture Group Nets $500 Million in Oversubscribed Funds

Madrona Venture Group, the 25-year-old Seattle venture capital firm with ties to some of the cities hottest startups, revealed that it raised over $500 million in new funding. Part of that capital will go towards companies within the intersection of machine learning and life sciences, one of the company’s core investment themes. Madrona’s focus on life science enterprises follows the industry’s growing presence in the Seattle region and beyond, with Life Science Washington reporting a 13% increase in employment across the state’s life sciences from 2014 to 2017, according to its 2019 Economic Impact Report.

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