Madrona

Madrona Venture Group, LLC is a venture capital firm based in Seattle, Washington, established in 1995. The firm specializes in seed and early-stage investments, primarily within the information technology sector, including areas such as consumer Internet, digital media, software, cloud computing, and artificial intelligence. Madrona focuses on companies that are innovating in the Future of Work and low-code/no-code domains. The firm typically invests between $2 million and $10 million and prefers to take a lead role in financing rounds, often seeking board positions in its portfolio companies. While it primarily targets investments in the Pacific Northwest region, its interests extend to the broader West Coast and other parts of the United States.

Tom Alberg

Co-Founder and Managing Director

Shannon Anderson

Director of Talent

Elisa La Cava

Senior Associate

Luis Ceze Ph.D

Venture Partner

Jennifer Chambers

Administrative Partner

Troy Cichos

Partner

Hope Cochran

Managing Director

John W. Creighton

Strategic Director

Aseem Datar

Partner

Katie Drucker

Katie Drucker Head of Business Development and Partnerships

Patrick Ennis

Venture Partner

Oren Etzioni Ph.D

Venture Partner

Maria Gilfoyle

Investor

Paul Goodrich

Co-Founder & Managing Director

Len Jordan

Venture Partner

Maria Karaivanova

Principal

Daniel Li

Venture Partner

Matthew McIlwain

Managing Director

Karan Mehandru

Managing Director

Chris Picardo

Partner

Timothy Porter

Managing Director

Vivek Ramaswami

Partner

William D. Richter

Venture Partner

William D. Ruckelshaus

Strategic Director

Erika Shaffer

Director of Strategic Communications

Sid Shenai

Venture Partner

Sudhir Steven Singh

Managing Director

S. Somasegar

Managing Director

John Torrey

Venture Partner

Jon Turow

Partner

Ishani Ummat

Investor

Birkan Uzun

Investor

Dan Weld

Venture Partner

Sabrina Wu

Investor

Past deals in Oregon

Sila

Series A in 2021
Sila Inc. is a technology company that specializes in providing banking and payments infrastructure for software development teams. Founded in 2018 and headquartered in Portland, Oregon, Sila offers a digital wallet and an API for ACH payments, enabling users to identify customers, link bank accounts, and facilitate money transfers. The platform supports the movement of funds using a built-in stablecoin, allowing developers to create financial products where money movement is seamlessly integrated with their applications. Sila's services are designed to be cost-effective, offering an efficient alternative to traditional banking partnerships while simplifying the complexities of payment processing and identity verification.

Eclypsium

Series B in 2020
Eclypsium, Inc. develops a cloud-based device security platform for organizations. Its platform Eclypsium, an enterprise device security platform that offers security to the unprotected firmware and hardware layer of the enterprise including laptops, servers, and networking infrastructure. Eclypsium, Inc. was incorporated in 2017 and is based in Portland, Oregon.

Eclypsium

Convertible Note in 2020
Eclypsium, Inc. develops a cloud-based device security platform for organizations. Its platform Eclypsium, an enterprise device security platform that offers security to the unprotected firmware and hardware layer of the enterprise including laptops, servers, and networking infrastructure. Eclypsium, Inc. was incorporated in 2017 and is based in Portland, Oregon.

Sila

Seed Round in 2020
Sila Inc. is a technology company that specializes in providing banking and payments infrastructure for software development teams. Founded in 2018 and headquartered in Portland, Oregon, Sila offers a digital wallet and an API for ACH payments, enabling users to identify customers, link bank accounts, and facilitate money transfers. The platform supports the movement of funds using a built-in stablecoin, allowing developers to create financial products where money movement is seamlessly integrated with their applications. Sila's services are designed to be cost-effective, offering an efficient alternative to traditional banking partnerships while simplifying the complexities of payment processing and identity verification.

Eclypsium

Series A in 2018
Eclypsium, Inc. develops a cloud-based device security platform for organizations. Its platform Eclypsium, an enterprise device security platform that offers security to the unprotected firmware and hardware layer of the enterprise including laptops, servers, and networking infrastructure. Eclypsium, Inc. was incorporated in 2017 and is based in Portland, Oregon.

Jama Software

Venture Round in 2018
Jama Software provides the leading platform for requirements, risk, and test management. With Jama Connect and industry-focused services, teams building complex products, systems, and software improve cycle times, increase quality, reduce rework, and minimize effort proving compliance. Jama’s growing customer base of more than 600 organizations includes companies representing the forefront of modern development in areas such as automotive, medical devices, financial services, industrial manufacturing, and aerospace.

Rigado

Series A in 2018
At Rigado, they have the privilege of working on a variety of exciting new products with cutting edge technologies. Their products have applications across multiple industries. They turn challenges into opportunities and find the fun in everything. Rigado hires talented professionals with outstanding skills and strong work ethic. Rigado careers are made for people who want to make a real difference in the world by creating products that solve problems. They are seeking professionals with talents in their current areas of operation, as well as those who can bring new skills to their dynamic team.

OPAL

Series B in 2016
Opal Labs Inc. operates a marketing collaboration platform designed for modern marketing teams. The platform enables organizations to plan, create, view, edit, and approve brand marketing content effectively. By facilitating alignment on strategy and streamlining the review process, Opal enhances content creation and distribution. Its intuitive interface connects various information and content, breaking down silos and reducing complexity within teams. Founded in 2009 and headquartered in Portland, Oregon, Opal focuses on improving collaboration among marketing professionals to achieve successful campaign outcomes.

Jama Software

Series C in 2015
Jama Software provides the leading platform for requirements, risk, and test management. With Jama Connect and industry-focused services, teams building complex products, systems, and software improve cycle times, increase quality, reduce rework, and minimize effort proving compliance. Jama’s growing customer base of more than 600 organizations includes companies representing the forefront of modern development in areas such as automotive, medical devices, financial services, industrial manufacturing, and aerospace.

OPAL

Series A in 2014
Opal Labs Inc. operates a marketing collaboration platform designed for modern marketing teams. The platform enables organizations to plan, create, view, edit, and approve brand marketing content effectively. By facilitating alignment on strategy and streamlining the review process, Opal enhances content creation and distribution. Its intuitive interface connects various information and content, breaking down silos and reducing complexity within teams. Founded in 2009 and headquartered in Portland, Oregon, Opal focuses on improving collaboration among marketing professionals to achieve successful campaign outcomes.

Jama Software

Series B in 2013
Jama Software provides the leading platform for requirements, risk, and test management. With Jama Connect and industry-focused services, teams building complex products, systems, and software improve cycle times, increase quality, reduce rework, and minimize effort proving compliance. Jama’s growing customer base of more than 600 organizations includes companies representing the forefront of modern development in areas such as automotive, medical devices, financial services, industrial manufacturing, and aerospace.

AppFog

Series B in 2011
AppFog is a Platform-as-a-Service system for public clouds. This PaaS supports technology such as Java, Python, PHP, Ruby, MySQL, and more; and enables users to get add-ons and choose cross-cloud infrastructure such as CenturyLink Cloud, AWS US, AWS Europe, and AWS Asia.

ShopIgniter

Series B in 2011
Reaching and converting social mobile consumers is now essential for most brands and their agencies. But advertising on social networks is only half the solution. To deliver high-value brand and business outcomes - at scale - marketers need tools and expertise that enable robust targeting, ad creative tuning, mobile landing page testing and integrated conversion optimization and remarketing. ShopIgniter’s powerful social performance marketing platform enables digital marketing leaders to reach and convert their highest value social mobile consumers. Innovative brands like Target, Ford, Disney, Sony Music, Nike and Universal use the Igniter platform to deliver, manage, optimize and measure highly effective social media advertising campaigns in social streams that drive brand and business outcomes across networks and devices. Founded in 2009 and funded by Madrona Venture Group and Trinity Partners, ShopIgniter is headquartered in Portland, Oregon. More information can be found at www.shopigniter.com.

AppFog

Series A in 2011
AppFog is a Platform-as-a-Service system for public clouds. This PaaS supports technology such as Java, Python, PHP, Ruby, MySQL, and more; and enables users to get add-ons and choose cross-cloud infrastructure such as CenturyLink Cloud, AWS US, AWS Europe, and AWS Asia.

ShopIgniter

Series A in 2010
Reaching and converting social mobile consumers is now essential for most brands and their agencies. But advertising on social networks is only half the solution. To deliver high-value brand and business outcomes - at scale - marketers need tools and expertise that enable robust targeting, ad creative tuning, mobile landing page testing and integrated conversion optimization and remarketing. ShopIgniter’s powerful social performance marketing platform enables digital marketing leaders to reach and convert their highest value social mobile consumers. Innovative brands like Target, Ford, Disney, Sony Music, Nike and Universal use the Igniter platform to deliver, manage, optimize and measure highly effective social media advertising campaigns in social streams that drive brand and business outcomes across networks and devices. Founded in 2009 and funded by Madrona Venture Group and Trinity Partners, ShopIgniter is headquartered in Portland, Oregon. More information can be found at www.shopigniter.com.

Mixpo

Series B in 2009
Mixpo, Inc. operates a comprehensive advertising platform specializing in social, display, and video advertising. Founded in 2002 and headquartered in Seattle, Washington, with additional offices in Victoria, Canada, and Portland, Oregon, the company assists advertisers, agencies, and media firms in crafting, executing, and analyzing their advertising campaigns. The platform enhances the effectiveness of digital advertising by integrating various channels and campaign elements, while also providing tools for measurement, bid optimization, targeting, and retargeting. Additionally, Mixpo offers tailored solutions for a diverse range of clients, including brand advertisers, local media sales, and advertising networks. As of 2017, Mixpo operates as a subsidiary of Netsertive, Inc., continuing to deliver advanced video advertising solutions enriched with extensive data insights, including ad verification and campaign performance analytics.

Mixpo

Series A in 2006
Mixpo, Inc. operates a comprehensive advertising platform specializing in social, display, and video advertising. Founded in 2002 and headquartered in Seattle, Washington, with additional offices in Victoria, Canada, and Portland, Oregon, the company assists advertisers, agencies, and media firms in crafting, executing, and analyzing their advertising campaigns. The platform enhances the effectiveness of digital advertising by integrating various channels and campaign elements, while also providing tools for measurement, bid optimization, targeting, and retargeting. Additionally, Mixpo offers tailored solutions for a diverse range of clients, including brand advertisers, local media sales, and advertising networks. As of 2017, Mixpo operates as a subsidiary of Netsertive, Inc., continuing to deliver advanced video advertising solutions enriched with extensive data insights, including ad verification and campaign performance analytics.

RuleSpace

Series C in 2000
RuleSpace, Inc. is a privately held corporation located in Portland, Oregon. RuleSpace is an Internet infrastructure vendor that provides instant web content recognition enabling Internet applications and network appliances to answer on the fly what the page is about. RuleSpace provides automated web content recognition technology and services that instantly recognize web content and facilitate the delivery of relevant web information. Solutions powered by RuleSpace technology enable Network Access Vendors, Portals and Online Marketers to deliver more meaningful and appropriate information to users as they surf the Web. Unlike human review using keyword technologies, RuleSpace technology keeps pace with the explosion of web content.

Etrieve

Series B in 2000
Etrieve provides wireless mobile office solutions to corporations and individuals.