Madrona Venture Group has been a mainstay of the Seattle and northwest United States startup ecosystem for years now, and it looks like it is going to continue that legacy going forward.
In four separate filings with the SEC, the firm announced its eighth venture capital fund, raising $345 million. That’s up slightly from the firm’s past three funds, which were $300 million vehicles. The filing comes roughly two and a half years after the firm’s last fundraise for its seventh fund. That slight increase in size is a different choice from many other VC firms these days, which have ballooned their fund sizes in pursuit of larger and later-stage deals.
