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Industries
Consulting
Venture Capital
Company Size
11-50
Company Stage
Seed
Total Funding
$24.8M
Headquarters
Seattle, Washington
Founded
2014
Madrona Venture Labs is a startup studio located in Seattle that focuses on transforming ideas into fully operational companies. The process begins with the evaluation of numerous ideas, where only a select few that pass rigorous testing and validation are developed further. Once a viable idea is identified, Madrona provides seed capital and connects the project with experienced founding CEOs and their teams to help grow the business. This approach allows Madrona to leverage the expertise of the Seattle startup ecosystem, ensuring that the companies they create have the support and resources needed to succeed. The goal of Madrona Venture Labs is to build meaningful startups that can thrive in the competitive market.
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Total Funding
$24.8M
Above
Industry Average
Funded Over
0 Rounds
Bolt.new, founded in 2024, is revolutionizing web development with its browser-based AI-powered tool, StackBlitz. The company has rapidly grown, reaching $4 million ARR within four weeks of launch. It has raised $113 million in funding, including a $105.5 million Series B round in January 2025, led by Emergence and GV. Bolt.new competes with GitHub Copilot and others, standing out with its unique browser-native approach. The AI code tools market is projected to grow to $30.1 billion by 2032.
New York-headquartered security awareness platform provider Anagram has raised $10 million in a Series A round led by Madrona, with participation from existing investors General Catalyst, Bloomberg Beta, Operator Partners, and Secure Octane.
Groundlight, which raised $10 million in seed funding last year, is backed by investors including Madrona Venture Group, Greycroft Partners, Founders' Co-op, Flying Fish, Ascend, and Essence VC.
Andrew Woodfield and Chris Le are the founding partners of Actuate Ventures. (Photo Courtesy of Chris Le)Two former employees of Jeff Bezosâ Blue Origin space company are striking out on their own with Actuate Ventures, a venture studio that specializes in supporting startups in the space industry and other deep-tech markets.Actuateâs founding partners, Chris Le and Andrew Woodfield, set up shop less than a year ago â but the studio is already building up connections with collaborators, investors and entrepreneurs. This week, theyâre participating in events at SF Tech Week, and theyâre also in the midst of a campaign to create their first $25 million venture fund for investment.Le said itâs not just about the money. âWe think of ourselves as âco-founders in a box,'â he told GeekWire. âThe venture studio model in particular is a hybrid. Itâs like if an incubator and a VC had a baby
The sun sets on Spokane Falls, as viewed from the Monroe Street Bridge. (GeekWire Photo / Todd Bishop)SPOKANE, Wash. â Treasury4 is tapped into the power and history of this place.The headquarters of the financial and treasury data analytics startup, in the Wonder Building, runs on electricity from the nearby hydroelectric dam on Spokane Falls. Co-founder and CEO Steve Helmbrecht likes to point out that Treasury4 makes its technology with help from the regionâs abundant renewable energy.Another of Treasury4âs co-founders, Chief Product Officer Ed Barrie, has been spending time in the building since he was a kid. His late father, Richard Barrie, worked there for 22 years as controller for the former Wonder Bread plant.Barrie remembers crawling around under the ovens with his brothers to pick up promotional trading cards that hadnât made it into the plastic Wonder Bread sleeves.Inside Treasury4, with the Spokane Falls power plant in the background. (GeekWire Photo / Todd Bishop)Working in the building now, thereâs âjust a bit of nostalgia,â Barrie says.Itâs one of those âonly in Spokaneâ stories that have made the Inland Northwest such a fun and fascinating place to cover in this âGeekWire on the Roadâ series.On my most recent visit, I stayed in Spokaneâs historic downtown, strolled through the Kendall Yards Night Market, explored the Expo â74 50th Anniversary exhibit at the Northwest Museum of Arts Culture, enjoyed some great restaurants and coffee shops, did a little thrifting, and talked with tech and business leaders about whatâs next for the regionâs innovation economy.Here are my takeaways as we wrap up this special series, including some emerging stories and themes that weâll continue to track as part of our regular coverage.Efforts to unite the broader region are gaining momentum
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Industries
Consulting
Venture Capital
Company Size
11-50
Company Stage
Seed
Total Funding
$24.8M
Headquarters
Seattle, Washington
Founded
2014
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