Madron venture group Seattle and the northwestern United States have been a mainstay of the startup ecosystem for years, and it seems to be continuing the legacy going forward.
In a filing with the SECThe firm announced its eighth venture capital fund, which raised $ 320 million. This is slightly above the firm’s last two funds, both Were $ 300 million vehicles. The filing comes after about a year and a half to the seventh fund of the company’s last fund. The slight increase in size is a distinct choice these days from many other VC firms that have ballooned the size of their funds for larger and later stage deals.
Madron has been on a hiring spree in recent years. Lifted it Steve Singh, Former CEO of venture startup Docker, Earlier this year as a managing director, and also Hope Cochran promoted as its first female managing director In 2019. She joined the firm as a venture partner in 2016 and was formerly the CFO of mobile gaming giant King Digital and telecommunications services provider Clearwire. The firm has hired a number of experienced enterprise hands to round up its portfolio services, Featuring Katie Drucker and Mark Britton.
This firm is perhaps best known for the stakes of its venture, and the firm has been on a tear for writing checks this year. Among the companies that have invested in it are Sila, Which provides programmable banking infrastructure and Madron leads the $ 7.7 million seed; Temporal, where Madron joins a Sevoia-led $ 18.75 million Series A round; And stratification, a Automatic budget startup where the firm seeded $ 4.9 million.
Last year, the firm Raised $ 100 million acceleration fund That the Series B and Series C stages were designed to take minority bets in the development phase. No word as to where that development fund sits, or whether the firm will double down on that strategy in the future.