Madrona Venture Group

Madrona Venture Group is a Seattle-based venture capital firm founded in 1995 that backs technology and consumer startups from seed through growth stages. It focuses on information technology, software, digital media and advertising, e-commerce, data analytics, fintech, cloud, mobile, and AI, as well as related infrastructure, hardware, and robotics. The firm primarily targets companies in the Pacific Northwest and the broader West Coast, and often leads investments with a goal of taking board seats to help portfolio companies scale from early development to market leadership.

Tom Alberg

Co-Founder and Managing Director

Loren Alhadeff

Venture Partner

Jennifer Chambers

Administrative Partner

Troy Cichos JD

Partner

Hope Cochran

Managing Director

Jack Creighton

Strategic Director

Aseem Datar

Partner

Patrick J. Ennis

Venture Partner

Maria Gilfoyle

Investor

Palak Goel

Investor

Paul Goodrich

Managing Director

Gerald Grinstein

Co-Founder and Strategic Director

Joseph Horsman

Investor

Scott Jacobson

Managing Director

Len Jordan

Managing Director

Daniel Li

Venture Partner

Matthew McIlwain

Managing Director

Karan Mehandru

Managing Director

Mark T. Nelson

Venture Partner

Babak Parviz

Venture Partner

James Phillips

Strategic Director

Chris Picardo

Partner

Tim Porter

Managing Director

Vivek Ramaswami

Partner

Bill Richter

Venture Partner

William Ruckelshaus

Strategic Director

Steve Singh

Managing Director

Soma Somasegar

Managing Director

John Torrey

Venture Partner

Jon Turow

Partner

Ishani Ummat

Investor

Dan Weld

Venture Partner

Past deals in Compliance

Codified

Seed Round in 2024
Codified is a cloud-based SaaS company that specializes in data governance for Generative AI and Retrieval-Augmented Generation (RAG) applications. Its platform helps enterprises manage and control data usage within these tools, addressing concerns about data exposure and potential leaks of sensitive information. Codified automatically categorizes data into manageable buckets and suggests rules for each category, enabling businesses to maintain data security, comply with regulations, and mitigate risks associated with sensitive data exposure in AI-driven applications.

Strike Graph

Venture Round in 2023
Strike Graph, Inc. is a Seattle-based company that develops a compliance Security-as-a-Service solution designed to streamline security audits and certifications. Founded in 2020, Strike Graph offers an innovative Governance, Risk, and Compliance (GRC) platform that helps organizations organize their security programs and manage compliance controls, policies, and evidence. The platform simplifies the process of obtaining certifications such as SOC 2, ISO 27001, HIPAA, PCI DSS, and GDPR by adapting to the specific needs of each company. It integrates seamlessly with existing business systems to automate the collection of evidence required for auditor review, enabling organizations to pass audits more efficiently. By facilitating trust and reducing the time and cost associated with traditional compliance methods, Strike Graph empowers companies to focus on their core business objectives while ensuring robust security and compliance practices.

Tangibly

Seed Round in 2023
Tangibly offers a SaaS platform for managing trade secrets. It securely stores valuable information, maintains court-compliant records, and uses AI to identify and catalog secrets, transforming them into protected intangible assets.

Strike Graph

Venture Round in 2023
Strike Graph, Inc. is a Seattle-based company that develops a compliance Security-as-a-Service solution designed to streamline security audits and certifications. Founded in 2020, Strike Graph offers an innovative Governance, Risk, and Compliance (GRC) platform that helps organizations organize their security programs and manage compliance controls, policies, and evidence. The platform simplifies the process of obtaining certifications such as SOC 2, ISO 27001, HIPAA, PCI DSS, and GDPR by adapting to the specific needs of each company. It integrates seamlessly with existing business systems to automate the collection of evidence required for auditor review, enabling organizations to pass audits more efficiently. By facilitating trust and reducing the time and cost associated with traditional compliance methods, Strike Graph empowers companies to focus on their core business objectives while ensuring robust security and compliance practices.

Tangibly

Pre Seed Round in 2022
Tangibly offers a SaaS platform for managing trade secrets. It securely stores valuable information, maintains court-compliant records, and uses AI to identify and catalog secrets, transforming them into protected intangible assets.

Go1

Venture Round in 2022
Go1 offers an online learning platform that enables businesses to upskill their workforce through on-demand training resources. It integrates with Microsoft Teams, allowing employees to learn directly within their workplace environment.

Strike Graph

Series A in 2021
Strike Graph, Inc. is a Seattle-based company that develops a compliance Security-as-a-Service solution designed to streamline security audits and certifications. Founded in 2020, Strike Graph offers an innovative Governance, Risk, and Compliance (GRC) platform that helps organizations organize their security programs and manage compliance controls, policies, and evidence. The platform simplifies the process of obtaining certifications such as SOC 2, ISO 27001, HIPAA, PCI DSS, and GDPR by adapting to the specific needs of each company. It integrates seamlessly with existing business systems to automate the collection of evidence required for auditor review, enabling organizations to pass audits more efficiently. By facilitating trust and reducing the time and cost associated with traditional compliance methods, Strike Graph empowers companies to focus on their core business objectives while ensuring robust security and compliance practices.

TaxBit

Series B in 2021
TaxBit is a cryptocurrency tax and accounting software company that automates tax calculations and reporting for cryptocurrency transactions. Its platform allows users to link their exchanges and wallets to efficiently gather transaction data, which is then processed to generate tax forms automatically. In addition to tax automation, TaxBit offers real-time portfolio tracking and insights for tax optimization, enabling users to make informed, tax-efficient trading decisions throughout the year. The company serves both individual consumers and enterprises, providing a comprehensive solution for managing cryptocurrency tax compliance and accounting needs.

Sila

Series A in 2021
Sila Inc., established in 2018 and based in Portland, Oregon, specializes in developing banking and payments infrastructure for software teams. It offers Sila, a comprehensive API suite enabling user identification, bank account connection, and secure money transfers using stablecoin technology. The company's platform facilitates rapid integration of financial services into applications, with a focus on compliance and fraud prevention.

Go1

Series D in 2021
Go1 offers an online learning platform that enables businesses to upskill their workforce through on-demand training resources. It integrates with Microsoft Teams, allowing employees to learn directly within their workplace environment.

LumaTax

Venture Round in 2021
LumaTax, Inc. is a technology company that specializes in sales tax practice management software tailored for small businesses. Founded in 2016 and based in San Diego, California, LumaTax offers an economic nexus analysis tool that simplifies the process of determining tax obligations across different jurisdictions by automating the analysis of transactions against state thresholds. The platform not only assists businesses in filing and paying sales and use tax returns but also includes features for automated audit analysis, ensuring compliance for various sectors including food and beverage, retail, service and repairs, and health and beauty. LumaTax aims to streamline the complexities of sales tax compliance, making it easier for businesses and CPA firms to navigate their tax responsibilities effectively.

Strike Graph

Seed Round in 2020
Strike Graph, Inc. is a Seattle-based company that develops a compliance Security-as-a-Service solution designed to streamline security audits and certifications. Founded in 2020, Strike Graph offers an innovative Governance, Risk, and Compliance (GRC) platform that helps organizations organize their security programs and manage compliance controls, policies, and evidence. The platform simplifies the process of obtaining certifications such as SOC 2, ISO 27001, HIPAA, PCI DSS, and GDPR by adapting to the specific needs of each company. It integrates seamlessly with existing business systems to automate the collection of evidence required for auditor review, enabling organizations to pass audits more efficiently. By facilitating trust and reducing the time and cost associated with traditional compliance methods, Strike Graph empowers companies to focus on their core business objectives while ensuring robust security and compliance practices.

Go1

Series C in 2020
Go1 offers an online learning platform that enables businesses to upskill their workforce through on-demand training resources. It integrates with Microsoft Teams, allowing employees to learn directly within their workplace environment.

VNDLY

Series B in 2020
VNDLY, Inc. is a technology company that specializes in developing a cloud-based vendor management platform tailored for the non-employee workforce. Founded in 2017 and headquartered in Mason, Ohio, VNDLY's platform supports Fortune 500 companies, managed service providers, and vendors by managing the entire lifecycle of non-employee engagement, which includes talent acquisition, training, payment, and offboarding. The platform comprises four key modules: contingent workforce management, statement of work management, independent contractor compliance, and total talent acquisition. VNDLY aims to streamline the talent sourcing and acquisition process by integrating various sources such as staffing agencies and job boards, ultimately enhancing companies' returns on investment and enabling them to hire quality talent more efficiently.

Sila

Seed Round in 2020
Sila Inc., established in 2018 and based in Portland, Oregon, specializes in developing banking and payments infrastructure for software teams. It offers Sila, a comprehensive API suite enabling user identification, bank account connection, and secure money transfers using stablecoin technology. The company's platform facilitates rapid integration of financial services into applications, with a focus on compliance and fraud prevention.

LumaTax

Venture Round in 2020
LumaTax, Inc. is a technology company that specializes in sales tax practice management software tailored for small businesses. Founded in 2016 and based in San Diego, California, LumaTax offers an economic nexus analysis tool that simplifies the process of determining tax obligations across different jurisdictions by automating the analysis of transactions against state thresholds. The platform not only assists businesses in filing and paying sales and use tax returns but also includes features for automated audit analysis, ensuring compliance for various sectors including food and beverage, retail, service and repairs, and health and beauty. LumaTax aims to streamline the complexities of sales tax compliance, making it easier for businesses and CPA firms to navigate their tax responsibilities effectively.

Integris Software

Venture Round in 2019
Integris Software, Inc. is a company that specializes in developing data privacy automation software designed to assist enterprises in managing sensitive data. Founded in 2016 and headquartered in Seattle, Washington, with an additional office in Vancouver, Canada, Integris offers a platform that helps organizations discover, map, monitor, and control their sensitive information. The software enables users to fulfill data subject requests, secure data lakes, and comply with stringent regulations such as the General Data Protection Regulation (GDPR) and the California Consumer Privacy Act (CCPA). By utilizing artificial intelligence, Integris allows companies to visualize the location of personal information within their systems, ensuring adherence to regulatory standards while facilitating strategic decision-making across legal, business, and technology domains. Integris Software operates as a subsidiary of OneTrust, LLC.

Integris Software

Series A in 2018
Integris Software, Inc. is a company that specializes in developing data privacy automation software designed to assist enterprises in managing sensitive data. Founded in 2016 and headquartered in Seattle, Washington, with an additional office in Vancouver, Canada, Integris offers a platform that helps organizations discover, map, monitor, and control their sensitive information. The software enables users to fulfill data subject requests, secure data lakes, and comply with stringent regulations such as the General Data Protection Regulation (GDPR) and the California Consumer Privacy Act (CCPA). By utilizing artificial intelligence, Integris allows companies to visualize the location of personal information within their systems, ensuring adherence to regulatory standards while facilitating strategic decision-making across legal, business, and technology domains. Integris Software operates as a subsidiary of OneTrust, LLC.

Integris Software

Venture Round in 2018
Integris Software, Inc. is a company that specializes in developing data privacy automation software designed to assist enterprises in managing sensitive data. Founded in 2016 and headquartered in Seattle, Washington, with an additional office in Vancouver, Canada, Integris offers a platform that helps organizations discover, map, monitor, and control their sensitive information. The software enables users to fulfill data subject requests, secure data lakes, and comply with stringent regulations such as the General Data Protection Regulation (GDPR) and the California Consumer Privacy Act (CCPA). By utilizing artificial intelligence, Integris allows companies to visualize the location of personal information within their systems, ensuring adherence to regulatory standards while facilitating strategic decision-making across legal, business, and technology domains. Integris Software operates as a subsidiary of OneTrust, LLC.

LumaTax

Venture Round in 2018
LumaTax, Inc. is a technology company that specializes in sales tax practice management software tailored for small businesses. Founded in 2016 and based in San Diego, California, LumaTax offers an economic nexus analysis tool that simplifies the process of determining tax obligations across different jurisdictions by automating the analysis of transactions against state thresholds. The platform not only assists businesses in filing and paying sales and use tax returns but also includes features for automated audit analysis, ensuring compliance for various sectors including food and beverage, retail, service and repairs, and health and beauty. LumaTax aims to streamline the complexities of sales tax compliance, making it easier for businesses and CPA firms to navigate their tax responsibilities effectively.

CloudCoreo

Seed Round in 2016
CloudCoreo, Inc. is a cloud management platform based in Austin, Texas, founded in 2014. The company enables users to design and deploy applications across various cloud providers, offering a comprehensive solution for managing cloud infrastructure. Its platform features a community-driven DevOps framework combined with a deployment engine that allows users to create, modify, and maintain cloud stacks, which include all components of a deployment, such as managed services for networking and security. Additionally, CloudCoreo provides a searchable repository of stacks and an automation engine that helps ensure compliance by identifying potential risks at the time of deployment. This functionality aids users in understanding and mitigating risks associated with their cloud environments. As of February 2018, CloudCoreo operates as a subsidiary of VMware, Inc.

LumaTax

Seed Round in 2016
LumaTax, Inc. is a technology company that specializes in sales tax practice management software tailored for small businesses. Founded in 2016 and based in San Diego, California, LumaTax offers an economic nexus analysis tool that simplifies the process of determining tax obligations across different jurisdictions by automating the analysis of transactions against state thresholds. The platform not only assists businesses in filing and paying sales and use tax returns but also includes features for automated audit analysis, ensuring compliance for various sectors including food and beverage, retail, service and repairs, and health and beauty. LumaTax aims to streamline the complexities of sales tax compliance, making it easier for businesses and CPA firms to navigate their tax responsibilities effectively.

Integris Software

Venture Round in 2016
Integris Software, Inc. is a company that specializes in developing data privacy automation software designed to assist enterprises in managing sensitive data. Founded in 2016 and headquartered in Seattle, Washington, with an additional office in Vancouver, Canada, Integris offers a platform that helps organizations discover, map, monitor, and control their sensitive information. The software enables users to fulfill data subject requests, secure data lakes, and comply with stringent regulations such as the General Data Protection Regulation (GDPR) and the California Consumer Privacy Act (CCPA). By utilizing artificial intelligence, Integris allows companies to visualize the location of personal information within their systems, ensuring adherence to regulatory standards while facilitating strategic decision-making across legal, business, and technology domains. Integris Software operates as a subsidiary of OneTrust, LLC.

Bocada

Venture Round in 2006
Bocada LLC, founded in 1999 and headquartered in Kirkland, Washington, specializes in developing and selling data protection management software solutions. The company's offerings include products for backup reporting automation, compliance and chargeback reporting, and oversight of backup systems and storage. Bocada also provides solutions tailored for managed service providers (MSPs), focusing on areas such as backup as a service (BAAS), operations monitoring, customer billing, SLA and compliance reporting automation, and agentless console management. Additionally, the company offers enterprise IT solutions that cover operations automation, environment control, compliance, storage planning and management, and asset coverage. Bocada serves various sectors including banking, consumer goods, biotech, healthcare, software, and telecom.

iConclude

Series B in 2006
iConclude Co. specializes in run book automation solutions tailored for information technology enterprises. Founded in 2005 and headquartered in Bellevue, Washington, the company provides tools that automate alert response and streamline incident management processes, thereby reducing mean time to recovery (MTTR). Its OpsForce platform enables IT operations to automate tasks such as triage, troubleshooting, and repetitive maintenance, while also offering features for reporting, scheduling, security, and integration. iConclude serves a diverse range of industries, including financial services, healthcare, media, technology, transportation, logistics, and utilities. In addition to its automation solutions, the company provides consulting, education, and professional support services to enhance its clients' operational efficiency.

iConclude

Series A in 2005
iConclude Co. specializes in run book automation solutions tailored for information technology enterprises. Founded in 2005 and headquartered in Bellevue, Washington, the company provides tools that automate alert response and streamline incident management processes, thereby reducing mean time to recovery (MTTR). Its OpsForce platform enables IT operations to automate tasks such as triage, troubleshooting, and repetitive maintenance, while also offering features for reporting, scheduling, security, and integration. iConclude serves a diverse range of industries, including financial services, healthcare, media, technology, transportation, logistics, and utilities. In addition to its automation solutions, the company provides consulting, education, and professional support services to enhance its clients' operational efficiency.

iConclude

Seed Round in 2005
iConclude Co. specializes in run book automation solutions tailored for information technology enterprises. Founded in 2005 and headquartered in Bellevue, Washington, the company provides tools that automate alert response and streamline incident management processes, thereby reducing mean time to recovery (MTTR). Its OpsForce platform enables IT operations to automate tasks such as triage, troubleshooting, and repetitive maintenance, while also offering features for reporting, scheduling, security, and integration. iConclude serves a diverse range of industries, including financial services, healthcare, media, technology, transportation, logistics, and utilities. In addition to its automation solutions, the company provides consulting, education, and professional support services to enhance its clients' operational efficiency.

Bocada

Series C in 2005
Bocada LLC, founded in 1999 and headquartered in Kirkland, Washington, specializes in developing and selling data protection management software solutions. The company's offerings include products for backup reporting automation, compliance and chargeback reporting, and oversight of backup systems and storage. Bocada also provides solutions tailored for managed service providers (MSPs), focusing on areas such as backup as a service (BAAS), operations monitoring, customer billing, SLA and compliance reporting automation, and agentless console management. Additionally, the company offers enterprise IT solutions that cover operations automation, environment control, compliance, storage planning and management, and asset coverage. Bocada serves various sectors including banking, consumer goods, biotech, healthcare, software, and telecom.
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