Madrona Venture Group raises $345M for 8th fund, its largest ever, and $165M for 2nd later-stage fund

Madrona Venture Group managing directors from L to R: Tim Porter, Matt McIlwain, Len Jordan, Tom Alberg, S. Somasegar (Soma), Hope Cochran, Steve Singh, Scott Jacobson, and Paul Goodrich. (Madrona Photo)

Madrona Venture Group has raised more than $500 million in fresh capital that the 25-year-old Seattle venture capital firm will use to bankroll both early and later-stage startups. It marks the firm’s largest fundraising effort.

Madrona reeled in $345 million for its eighth fund — money that it will use to invest in 35-to-40 Pacific Northwest tech startups over the next several years. It also raised

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