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    Wednesday, June 11, 2008

    Madrona Raises $250M Fund


    Seattle-based Madrona Venture Group said today that the venture capital firm has closed its fourth fund, Madrona Venture Fund IV, at $250M. According to the firm, the fund was oversubscribed, exceeding its target of $225M. Names of its limited partners were not disclosed, however the firm said all of its existing institutional investors, along with new institution and strategic individual investors participated in the fund. Madrona said the new fund will follow its existing investment strategy. Madrona invests in early stage technology companies, and counts ShareBuilder, Isilon Systems, and Farecast among its exits; the firm's current portfolio includes Redfin, Triphub, AdReady, BuddyTV, and other Pacific Northwest firms.
    posted on Wednesday, June 11, 2008


    Related companies:
    Madrona Venture Group

    Related stories:
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