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Madrona Venture Labs Raises $11M Fund To Launch A New Group Of Ai-focused Startups – Geekwire

by geekwire.com posted 2months ago 16 views
Madrona Venture Labs (MVL), a Seattle-based “startup studio” formed by investment firm Madrona Venture Group, just landed $11.3 million for its third fund as it aims to launch up to a dozen new startups. MVL plans to use the money to create companies that apply artificial intelligence to real estate, retail, insurance or automation. The goal is to launch 8 to 12 startups over the next few years. “This fund is all about creating founders in Seattle,” said Shauna Causey, a partner at MVL.

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