Madrona Venture Group, which has been investing in early-stage technology companies in the Pacific Northwest since 1995, today announced the closing of Madrona Venture Fund IV. The Fund was oversubscribed at $250 million, exceeding the target of $225 million. All existing institutional investors, select new institutional investors, and several strategic individual investors participated in the Fund. The Fund will remain focused on Madrona's long-standing investment strategy that has generated consistent top-quartile returns from successful investments such as ShareBuilder, Isilon Systems, World Wide Packets, and iConclude.
INFO SOURCES
Madrona Venture Group
FIRMS
Madrona has been investing in early-stage technology companies in the Pacific Northwest since 1995 and has been privileged to play a role in some of the region's most successful technology ventures. The firm invests predominately in seed and Series A rounds across the information technology spectrum including consumer Internet, commercial software and services, digital media and advertising, networking and infrastructure, and wireless. Madrona currently manages over $650 million and was an early investor in companies such as Classmates.com, aQuantive, ShareBuilder, SingingFish, and iConclude.
INVESTORS
Returning investors include: The Kauffman Foundation, University of Virginia Management Company, The Irvine Foundation, The Investment Fund for Foundations, Investure, and the University of Washington. Other returning investors include BlackRock Alternative Advisors and the Hillman Company. New investors include: University of North Carolina, The Annie E. Casey Foundation, YMCA Retirement Fund, and Oxford and Cambridge Universities.
Supporting Material
