
Madrona invests in early‑stage technology companies, from pre‑seed through acceleration, with a focus on AI, biotech, enterprise software, consumer marketplaces, and security. They back founders building transformative products, leveraging deep roots in the Pacific Northwest and a growing presence on the West Coast, providing capital, operational support, and strategic expertise for the long run.
Industries
Industry breakdown
Top industries in the portfolio
Geography
Geographic scope
United States
Geography breakdown
Darker regions = more portfolio companies
Top 5 countries
United States of America
77.2%United Kingdom
5.3%Spain
1.8%Israel
1.8%Countries with a higher share of the portfolio are shaded darker on the map.
Stages
Stage indicator
Seed → Series C+
Stage breakdown
Portfolio by stage
Portfolio vintage
Companies by founded year
Fund details
Funds
Fund X
Vintage 2025 • $489.6M
Acceleration Fund IV
Vintage 2025 • $269.4M