homeWelcome, sign in or click here to subscribe.login
     


 

 

Business


print  email to a friend  reprints add to mydjc  

June 27, 2023

Madrona Venture Labs

Madrona Venture Labs (MVL), a Seattle-based startup studio that co-builds and invests in AI companies, announced it raised $11 million in its fifth funding round. Since its inception in 2014, MVL has raised $40 million and co-created and invested in 32 companies. New investors joining the fund include Thomas Dohmke, CEO of GitHub; Joe Beda, co-founder & former CTO of Heptio; Brent Frei, co-founder of Smartsheet & CEO of TerraClear; Michael Hilton, former CPO of Accolade & co-founder of Concur; and several others. Returning investors from previous funds include Elissa Fink, former CMO of Tableau; Spencer Rascoff, co-founder & former CEO of Zillow; and Mike McSherry, co-founder & CEO of Xealth. Recent companies in its portfolio include Charmed, AI-assisted game development; Augmend, collective intelligence for developers; Storia, AI-powered video production; and Finpilot, AI copilot for finance. With this fund, MVL welcomed two new technology and AI partners to MVL, Larry Colagiovanni, most recently the CTO & CPO of Limeade, and Jay Bartot, most recently the CEO of MVL spinout Zeitworks. Madrona is a venture capital firm based in Seattle.




Email or user name:
Password:
 
Forgot password? Click here.