Madrona Venture Labs has raised $19.0M across 2 funding rounds.
Key people at Madrona Venture Labs.
Madrona Venture Labs was founded by Steve Jarvis (Founder in Residence).
Madrona Venture Labs has raised $19.0M in total across 2 funding rounds.
Madrona Venture Labs was founded by Steve Jarvis (Founder in Residence).
Madrona Venture Labs has raised $19.0M in total across 2 funding rounds.
Madrona Venture Labs's investors include 75 & Sunny, BoxGroup, Foundation Capital, GSR Ventures, Hambro Perks, Lightspeed China Partners, Madrona Ventures, Mayfield, Mischief Venture Capital, Kurt Bilafer, Mark Pincus, Scott Belsky.
Madrona Venture Labs (MVL) is a Seattle-based startup studio and venture incubator founded in 2014 as part of Madrona Venture Group. MVL’s mission is to systematically co-create, validate, and build early-stage technology companies by partnering closely with founders, providing seed capital, recruiting leadership teams, and helping startups gain initial traction. It focuses primarily on enterprise artificial intelligence (AI) and other innovative tech sectors, aiming to de-risk and accelerate startup formation. Over its decade of operation, MVL has co-created and invested in over 30 companies that have collectively raised more than $270 million and achieved a combined valuation exceeding $700 million[1][5].
Madrona Venture Labs was launched in 2014 within Madrona Venture Group, a venture capital firm founded in 1995 by Tom Alberg and others, known for early investments in companies like Amazon. The idea behind MVL was to extend Madrona’s successful history of incubating startups by creating a repeatable, founder-focused process to build companies from the ground up. Greg Gottesman, then Managing Director at Madrona, was instrumental in founding MVL, which operates as a "day one" partner for startups, providing ongoing support throughout their growth journey. The studio model involves generating ideas internally, recruiting CEOs and teams, and spinning out companies once they demonstrate product-market fit and traction[1][2][4].
MVL rides the wave of increasing interest in startup studios as a hybrid model between incubators and venture capital, particularly in regions like Seattle where entrepreneurs may need more support before fully committing to startups. Its focus on enterprise AI and deep technology aligns with broader market trends emphasizing AI-driven innovation and digital transformation. The timing is favorable given the growing demand for AI solutions and the Pacific Northwest’s vibrant tech ecosystem. MVL influences the ecosystem by fostering new companies that contribute to regional economic growth and by strengthening the startup pipeline with well-supported ventures[3][5].
Looking ahead, Madrona Venture Labs is transitioning into a broader role within Madrona Venture Group, continuing to empower early-stage founders with increased capital and resources. With Madrona recently announcing $770 million in new funding, the firm is well-positioned to expand its impact beyond the Pacific Northwest and deepen its partnerships with other incubators and studios. Trends in AI, cloud computing, and enterprise software will likely shape MVL’s future portfolio. Its influence is expected to grow as it continues to serve as a critical "day one" partner, helping founders navigate the challenging early stages of startup creation and scaling[6][7].
Key people at Madrona Venture Labs.
Madrona Venture Labs has raised $19.0M across 2 funding rounds. Most recently, it raised $8.0M Venture Round in May 2021.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| May 1, 2021 | $8.0M Venture Round | 75 & Sunny, BoxGroup, Foundation Capital, GSR Ventures, Hambro Perks, Lightspeed China Partners, Madrona Ventures, Mayfield, Mischief Venture Capital, Kurt Bilafer, Mark Pincus, Scott Belsky | |
| May 1, 2019 | $11.0M Venture Round | 75 & Sunny, Bam Ventures, Navitas Capital, Pioneer Square Labs, WestRiver Group, Asymmetric, C2 Investment, Geek Ventures, Logos Labs, Madrona Ventures, Picus Capital |
