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September 1, 2022

Madrona

Mehandru

Madrona Venture Group, a venture capital firm based in Seattle, announced that Karan Mehandru is joining the firm's investment team as a managing director. He has fifteen years of experience as a venture investor and board member for rapidly scaling private businesses, working closely with founders, their teams, and partners to build lasting companies. Mehandru will be based in Silicon Valley, opening a Madrona office in Palo Alto to expand the firm's Bay Area network and team. Immediately prior to Madrona, Mehandru led the venture capital practice at STEADFAST Capital, where he focused on AI, enterprise software, future of work, fintech, and related sectors. He led acceleration stage investments in, and partnered with, companies like Zapier, Klaviyo, Jumpcloud, Algolia, LucidChart, Sendbird, Wealthsimple and Pipefy. Before Steadfast, Mehandru spent more than a decade at Trinity Ventures investing in early and acceleration stage founders and teams. Mehandru started his venture career at Scale Venture Partners, working with mid-stage companies. The Madrona team is currently investing out of Fund 8 and Acceleration Fund 2, announced in early 2020. Fund 8 focuses primarily on Seed and Series A companies based in the Pacific Northwest. The Acceleration Fund focuses on Series B stage companies and beyond anywhere in North America.




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