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Madrona raises $300 mln sixth fund

Madrona Venture Group has closed a $300 million sixth fund for early stage technology investing primarily in the Pacific Northwest. The firm said the fund was oversubscribed from existing LPs.

Wonder Workshop co-founders (left to right) Mikal Greaves, Vikas Gupta and Saurabh Gupta.
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Edtech company Wonder Workshop raises $6.9 mln from WI Harper, Madrona, CRV

San Mateo, Calif.-based Wonder Workshop, which has developed programmable robots and other technology to help teach children to code, announced it has raised $6.9 million in Series A-1 funding. New investor WI Harper Group joined the round, along with existing investors Madrona Venture Group, CRV, Maven Ventures, Bright Success Capital and individuals. The company, formerly called Play-i, […]

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Jama Software snags $20 mln

Portland, Oregon-based Jama Software, a computer software company, has secured $20 million in funding. The investors were Updata Partners, Trinity Ventures, Madrona Venture Group and the Oregon Angel Fund. In conjunction with the funding, Jon Seeber of Updata Partners and Tim Porter from Madrona have been appointed to Jama’s board.

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Rover grabs $25 mln in TCV-led round

Seattle-based Rover.com, a network that connects dog owners with dog sitters, has raised $25 million in funding. Technology Crossover Ventures led the round with participation from return backers Foundry Group, Madrona Venture Group, Menlo Ventures and Petco. Also, Rover has appointed Jeremy Wacksman, Zillow‘s vice president of marketing and product management, to Rover’s board of directors.

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VC-backed digital advertising company MaxPoint goes public

MaxPoint Interactive Inc has debuted its IPO of 6.5 million shares after pricing it at $11.50 per share. The stock began trading Friday on the NYSE under the ticker symbol “MXPT.” Goldman Sachs, Deutsche Bank Securities and Pacific Crest Securities are serving as lead underwriters. MaxPoint Interactive is a digital advertising company that helps brands increase in-store sales. It is backed by Madrona Venture Group and Trinity Ventures.

Live games platform PlayFab grabs $7.4 mln

Seattle-based live games platform PlayFab Inc has secured $7.4 million in Series A funding. Benchmark led the round with participation from other investors that included Madrona Venture Group, Startup Capital Ventures and Orbitz CEO Barney Harford. According to the company, the capital will be used for growth and personnel hiring.

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VC-backed MaxPoint Interactive sets IPO pricing terms

According to an amended SEC filing. MaxPoint Interactive has priced its IPO of 6.5 million shares between $10.50 and $12.50 a share. The company plans on listing the stock on the NYSE under the ticker symbol “MXPT.” Goldman Sachs, Deutsche Bank Securities and Pacific Crest Securities are serving as lead underwriters. MaxPoint Interactive is a digital advertising company that helps brands increase in-store sales. It is backed by Madrona Venture Group and Trinity Ventures.

 

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VC-backed MaxPoint files for IPO

MaxPoint Interactive, a digital advertising company that helps brands increase in-store sales, has filed for an IPO. The number of shares that will be sold as well as the pricing terms have yet to be set. Goldman Sachs, Deutsche Bank Securities Inc and Pacific Crest Securities LLC will serve as the lead underwriters. The company plans on listing the stock on the NYSE under the ticker symbol “MXPT.” MaxPoint is backed by Madrona Venture Group and Trinity Ventures.

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Qumulo scores $40 mln in KPCB-led round

Seattle-based enterprise data storage company Qumulo has secured $40 million in Series B funding. Kleiner Perkins Caufield & Byers led the round with participation from return backers Highland Capital, Madrona Venture Group and Valhalla Partners. In conjunction with the funding, Wen Hsieh, a partner at KPCB and Matt McIlwain, a managing director at Madrona Venture Group, have been added to Qumulo’s board.

Madrona appoints director of talent

Madrona Venture Group has hired Kerry Van Voris as director of talent. Previously, Van Voris worked at Amazon.com where she most recently led executive recruiting for Amazon Web Services.

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GraphLab changes name to Dato, picks up $18.5 mln Series B

GraphLab has secured $18.5 million in Series B funding. Vulcan Capital led the round with participation from Opus Capital and return backers New Enterprise Associates and Madrona Venture Group. Also, GraphLab has changed its name to Dato. Based in Seattle, Dato is a platform for building predictive and intelligent applications.

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Bill Gates, Madrona leads $15 mln round for Echodyne

Bill Gates and Madrona Venture Group have led an initial $15 million round of funding for Echodyne Corp. Vulcan Capital, Lux Capital, The Kresge Foundation and others also invested. Bellevue, Wash.-based Echodyne, the fourth spin-out from Intellectual Ventures, aims to bring to market metamaterials-based radar products.

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Skytap snaps up $35 mln in Insight Venture-led round

Skytap has raised $35 million in funding in a round led by Insight Venture Partners. The other investors included OpenView Venture Partners, Ignition Partners, Madrona Venture Group and Washington Research Foundation. Based in Seattle, Skytap is a provider of on-demand Environments as a Service.

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NEA, Foundry Group, Madrona seed $3.25 mln in Spare5

New Enterprise Associates, the Foundry Group, Madrona Venture Group and prominent angel investors provided $3.25 million in seed funding to Spare5, a mobile application that pays people to provide expert insight in their spare time. Spare5 is the first company to spin out of startup studio Madrona Venture Labs. Madrona Venture Group’s Greg Gottesman and Foundry’s Brad Feld will join Spare5’s board of directors.

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Icebrg.io raises $2.5 mln from Madrona, Formation 8, others

Icebrg.io said it has raised $2.5 million in seed financing in a deal led by Madrona Venture Group and joined by Formation 8. Other individual and institutional investors participated. Ex Microsoft employees William Peteroy and Josh Carlson founded the stealthy company, which addresses network security.

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Highspot grabs $9.6 mln in Madrona-led round

Sales engagement platform Highspot has raised $9.6 million in Series A funding. Madrona Venture Group led the round. In addition to the funding, Tim Porter, managing director of Madrona Venture Group, has been added to Highspot’s board.

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