Madrona Venture Labs

Madrona Venture Labs is an enterprise AI startup studio founded in 2014 and based in Seattle, Washington. It partners with entrepreneurs from day one to build and fund companies from scratch, offering validation of ideas, early traction support, and access to funding. By leveraging decades of investment experience and a network of industry experts, the studio helps founders turn concepts into scalable businesses.

Jason Flateboe

Partner

Mike Fridgen

Managing Director

Kristen Hamilton

Advisor

Maria Hess

Partner

Henry Huang

Partner

Keith Rosema

Partner

11 past transactions

EdgeRunner AI

Series A in 2025
EdgeRunner AI develops a generative artificial intelligence platform designed for secure, private deployment. Its platform operates independently of the internet, ensuring data privacy and security while leveraging specialized AI agents for tasks like transcription, question-answering, image comprehension, summarization, and localized retrieval-augmented generation.

Otto

Seed Round in 2024
Otto is a startup developing an intelligent and autonomous AI travel adviser for business travelers.

Codified

Seed Round in 2024
Codified provides React Native apps, Xamarin mobile application development, and digital consultancy services.

Augmend

Pre Seed Round in 2023
Augmend develops a knowledge management platform that enhances team collaboration and information retention. It integrates with existing digital tools, uses AI for content categorization, offers real-time synchronization, contextual search, and seamless knowledge sharing to improve productivity.

Finpilot

Seed Round in 2023
Finpilot is a technology company that specializes in developing cloud-based financial planning software designed for wealth managers. The company leverages artificial intelligence to enhance the efficiency of financial analysts by utilizing a proprietary large language model tailored specifically for the finance sector. Its innovative software enables users to navigate and analyze extensive corporate documents, facilitating data interaction, visualization, and source verification. By employing a chatbot tool that processes publicly available corporate files and responds to research inquiries in natural language, Finpilot aims to streamline the research process for financial professionals.

Storia AI

Pre Seed Round in 2023
Storia AI is a technology company focused on developing innovative tools to enhance productivity in creative and software development processes. It is creating a creative assistant aimed at streamlining video production, making it quicker and more enjoyable for users. Additionally, the company has developed an automated coding tool designed to assist developers in understanding, evaluating, and generating software. This tool features a perplexity-like agent that maintains current knowledge of open-source repositories, supported by extensive documentation and external references. Through these offerings, Storia AI aims to empower users in both creative and technical fields by improving efficiency and ease of use.

Alongside

Seed Round in 2022
Alongside is focused on developing a digital toolkit aimed at addressing mental health crises among adolescents. The main component of this toolkit is a chatbot that engages with students, directing them to relevant resources, including videos featuring peers who share similar challenges. The chatbot offers personalized support by guiding users through various mental health exercises tailored to their specific situations, which include breathing exercises and journaling activities. Additionally, it provides accessibility in multiple languages, ensuring that a diverse range of adolescents can receive the guidance and support needed to navigate mental health issues effectively.

Stack

Pre Seed Round in 2022
Stack is the gamified crypto investment platform specifically built for Gen-Z.

Vouched

Seed Round in 2019
Vouched specializes in AI-powered visual identity verification, enabling swift user onboarding for businesses across various sectors such as healthcare, finance, real estate, and retail. Its patent-pending technology can verify hundreds of ID types from numerous countries, having already identified hundreds of thousands of individuals worldwide.

Nekuda.ai

Nekuda.ai is a secure payments SDK that enables AI and software agents to autonomously make real online payments on behalf of users or businesses. It provides secure storage and injection of payment credentials, instant user authorization through transparent agentic mandates, and built-in compliance and trust guardrails. This infrastructure bridges the gap between human oversight and autonomous agent-driven commerce, allowing seamless, user-approved transactions in consumer and business use cases
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