Madrona Closes Fund IV


Madrona Venture Group has closed its fourth venture fund, raising $250 million to continue investing in early-stage Northwest technology startups, The Seattle Times reported. The fund exceeded its target of $225 million. Existing institutional investors, including TheUniversity of Washington, participated in Madrona Venture Fund IV LP. Several new investors such as Cambridge and Oxford universities also participated. www.madrona.com