Madrona Expands Geographic Reach And Targets Later-stage Deals With $100M ‘acceleration Fund’ – Geekwire
Call it the “ones we missed” fund. Madrona Venture Group has raised $100 million for what it calls an “acceleration fund” — an investment vehicle for later stage companies, including more mature startups that slipped through the cracks in its hometown of Seattle. One of Seattle’s most successful early-stage startup investors, Madrona struck gold with early bets on Apptio, Impinj, Smartsheet and Redfin. But even so, Madrona’s Matt McIlwain admits that the firm missed some big opportunities, pointing to fast-growing Seattle startups such as Outreach, Auth0, Icertis, and Textio.