TechFlow News — Seattle-based venture capital firm Madrona Venture Group has raised $690 million for two new funds: $430 million for its "Madrona Fund 9" and $260 million for its "Acceleration Fund 3." The firm plans to allocate half of the Acceleration Fund to companies in the Pacific Northwest region, such as virtual reality company Rec Room.Original link
Madrona Venture Group, with a 27-year history, currently focuses on investment themes including modern data stacks and DevOps, intelligent applications (applying AI and ML), fintech, Web3, and life sciences combined with computer and data science. Recently, it has participated in investments in cryptocurrency trading platform Stack and Web3 data infrastructure provider Spice AI.
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