Live games platform PlayFab grabs $7.4 mln

By Iris Dorbian — 12 months ago

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

By Iris Dorbian — 12 months ago

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

By Iris Dorbian — 1 year ago

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

By Iris Dorbian — 1 year ago

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.

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

By Iris Dorbian — 1 year ago

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

By Luisa Beltran — 1 year ago

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

By Iris Dorbian — 1 year ago

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

By Chris Witkowsky — 1 year ago

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

By Mark Boslet — 1 year ago

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

By Iris Dorbian — 1 year ago

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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Shippable snags $8 mln in round led by Madrona Venture

By Iris Dorbian — 1 year ago

Shippable has closed $8 million in Series A funding. Madrona Venture Group led the round, with participation from return backers that included Paul Allen’s Vulcan Capital, Divergent Ventures and Founders Co-Op. In conjunction with the funding, Tim Porter, managing director at Madrona Venture Group, has been added to Shippable’s board. Based in Seattle, Shippable helps developers speed up software deployment.

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Ashton Kutcher and Guy Oseary’s A-Grade Investments back Rover

By Iris Dorbian — 1 year ago

Rover.com has received undisclosed funding from Ashton Kutcher, Guy Oseary and Ron Burkle’s venture fund A-Grade Investments. Headquartered in Seattle, Rover.com is an online community that connects dog owners with dog sitters. It is also backed by Menlo Ventures, Madrona Venture Group, Foundry Group and Petco.

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2nd Watch grabs $10 mln

By Iris Dorbian — 1 year ago

2nd Watch has secured $10 million in funding. Top Tier Capital Partners led the round with participation from previous backers Madrona Venture Group and Columbia Capital. The company has also named Doug Schneider as CEO. He will be succeeding 2nd Watch founder Kris Bliesner who will continue as CTO. Headquartered in Seattle, 2nd Watch builds, deploys and manages Amazon Web Services-based IT operations for enterprise customers.

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Maveron, Madrona Venture Group lead $14 mln Series A funding in Pro.com

By Chris Witkowsky — 1 year ago

Maveron and Madrona Venture Group have led a $14 million Series A funding in Pro.com, a pricing engine for estimating the cost of a home project. Some previous investors joined the funding round. Pro.com previously raised $3.5 million in seed funding from investors including Andreessen Horowitz, Madrona, Redpoint, Bezos Expeditions, Two Sigma Ventures and Sherpa Ventures. Dan Levitan, co-founder and partner of Maveron, and Scott Jacobson, managing director of Madrona Venture Group, will join Pro.com’s board of directors.

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Madrona Venture Group leads $2.4 mln seed round in Algorithmia

By Chris Witkowsky — 1 year ago

Madrona Venture Group has led a $2.4 million seed funding round in Algorithmia, a marketplace for algorithms. Other investors in the round include Rakuten Ventures, Deep Fork Capital and angel investors like Oren Etzioni and Charles Fitzgerald. Algorithmia is in private beta and expects to launch by year end to a broader audience.

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