Fundraisers

Madrona raises $300m for latest venture fund

The Seattle-based firm will continue to target early-stage tech startups in the Pacific Northwest.

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Madrona Venture Group announced a final close on its oversubscribed seventh venture fund at $300 million.

Madrona Venture Fund VII will continue the firm’s strategy of making seed and Series A investments in early-stage tech startups in the Pacific Northwest.

Madrona also raised $300 million for its sixth venture fund in 2015.