Investor · 5 deals

Madrona Venture Group

Seattle

Disclosed deals

Every published round Madrona Venture Group took part in, and every parcel of existing shares it bought off another holder. Deals we hold but haven't published yet are not counted.

Company	Stage	Announced	Amount	Role	Alongside	Sources
Go1	undisclosed	9 May 2023	US$30m ($44.3m)	Participant	Insight Partners AirTree Ventures Salesforce Ventures SoftBank Greylock Partners	Techboard, SmartCompany, TechCrunch Australia
Spice AI	Seed	16 Sep 2022	$13.5m	Lead	Blackbird Ventures Basis Set Ventures Picus Capital Protocol Labs Thomas Dohmke Nat Friedman Mark Russinovich Alumni Ventures IEX fund Thomas Dohmke	TechCrunch Venture, SmartCompany, Blackbird Ventures portfolio
Go1	Series D+	6 Jun 2022	$140m	Lead	Larsen Ventures Tiger Global Ten13 Scott Shleifer John Curtius AirTree Ventures Blue Cloud Ventures Five Sigma Salesforce Ventures SoftBank Vision Fund 2 Scott Shleifer John Curtius YC M12 SEEK	go1.com, Startup Daily (Thu 7 Sep 2023), SmartCompany (Tue 9 May 2023), TechCrunch Australia (Mon 8 May 2023), Startup Daily (Mon 30 Jan 2023), Startup Daily (Thu 26 Jan 2023), SmartCompany (Thu 15 Dec 2022), Crunchbase News (Tue 30 Aug 2022), Techboard, edtechchronicle.com, Startup Daily (Tue 7 Jun 2022), SmartCompany (Tue 7 Jun 2022), Tech Funding News - Australia, TechCrunch Australia (Mon 6 Jun 2022), Crunchbase News (Mon 6 Jun 2022), Our Innovation Fund, AirTree Ventures portfolio, Ten13 portfolio
Go1	Series D+	19 Jul 2021	$200m	Participant	SoftBank SoftBank Vision Fund 2 AirTree Ventures Salesforce Ventures Blue Cloud Ventures Larsen Ventures Ten13 Tiger Global M12 SEEK Scott Shleifer John Curtius SoftBank Vision Fund SoftBank's Vision 2 fund YC	Startup Daily (Thu 7 Sep 2023), Startup Daily (Thu 26 Jan 2023), Crunchbase News (Tue 30 Aug 2022), Startup Daily (Tue 7 Jun 2022), TechCrunch Australia (Mon 6 Jun 2022), Our Innovation Fund (Mon 6 Jun 2022), SmartCompany (Wed 13 Apr 2022), SmartCompany (Tue 1 Feb 2022), SmartCompany (Mon 24 Jan 2022), Techboard, SmartCompany (Fri 24 Sep 2021), Startup Daily (Wed 25 Aug 2021), Startup Daily (Fri 13 Aug 2021), Our Innovation Fund (Thu 5 Aug 2021), SmartCompany (Fri 30 Jul 2021), Startup Daily (Mon 26 Jul 2021), Startup Daily (Tue 20 Jul 2021), SmartCompany (Tue 20 Jul 2021), Crunchbase News (Mon 19 Jul 2021), TechCrunch Australia (Mon 19 Jul 2021), Aura Group portfolio
Go1	Series C	19 May 2020	$61m	Lead	AirTree Ventures SEEK M12 Our Innovation Fund Salesforce Ventures Microsoft Salesforce	SmartCompany (Wed 13 Apr 2022), SmartCompany (Tue 20 Jul 2021), TechCrunch Australia (Mon 19 Jul 2021), Our Innovation Fund, SmartCompany (Fri 21 Aug 2020), SmartCompany (Tue 7 Jul 2020), Startup News (WA), SmartCompany (Tue 19 May 2020), Startup Daily, TechCrunch Australia (Mon 18 May 2020)

Portfolio

Companies Madrona Venture Group has backed in a published round, and companies whose existing shares it bought off another holder.

Company	What it does	First invested	Rounds	Led
Go1		19 May 2020, Series C	4	2
Spice AI	Real-time analytical query engine for operational data	16 Sep 2022, Seed	1	1

Funds

Fund closes reported for Madrona Venture Group, as distinct from the investments it has made.

Fund	Announced	Committed	Target	Close	Sources
No fund closes recorded for Madrona Venture Group yet.

Portfolio companies acquired

Companies Madrona Venture Group has backed that another company then bought. An exit for the holding, not a deal Madrona Venture Group did.

Company	Bought by	Kind	Announced	Price
No portfolio company of Madrona Venture Group is recorded as having been acquired.

People

Name	Role	Sources
S.Somasegar	Managing Director	go1.com, Startup Daily (Tue 7 Jun 2022), Tech Funding News - Australia, Startup Daily (Tue 19 May 2020), TechCrunch Australia

Coverage

Stories naming Madrona Venture Group. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.

7 deals

Five startups, $63 million in funding: Who has taken home the cash this week?

A weekly roundup covering five funding rounds: HealthMatch's Series C, Monday Distillery's crowdfunding, Sonder's Series B, Lleaf's bridge round, and Spice AI's seed raise.

Seed

Investment Notes: Spice AI

Blackbird's investment note explains why it joined Spice AI's seed round led by Madrona Ventures, describing the web3 data and AI infrastructure platform and its founders.

Also SmartCompany·TechCrunch Venture

Unnamed stage $139m+

Edtech unicorn Go1 raises US$100 million as valuation reaches US$2 billion

A Brisbane learning-platform company has banked fresh backing exceeding US$100 million, lifting its worth to US$2 billion, with several venture investors named, alongside two recent acquisitions and a new president.

SmartCompany Tue 7 Jun 2022 Go1 Coorpacademy Education Changemakers Harvard Business Publishing Pluralsight SAP SuccessFactors AirTree Ventures Blue Cloud Ventures Five Sigma Madrona Venture Group Salesforce Ventures SoftBank Vision Fund 2 Andrew Barnes Marc Havercroft

Also SmartCompany

2 deals

Go1 nabs $100M at a $2B+ valuation to upgrade its curated enterprise learning platform

Also Crunchbase News·TechCrunch Venture·SmartCompany·Startup Daily·Tech Funding News - Australia·Techboard·SmartCompany·Startup Daily·Startup Daily·SmartCompany·Startup Daily·edtechchronicle.com·go1.com·Crunchbase News·TechCrunch Venture

8 deals

Go1 becomes latest Aussie unicorn, cracking $1 billion valuation

Republished AFR report recalls Go1's earlier backing and Series C investors, including OIF, while its reported Series D at a billion-dollar valuation remains in progress and a listing is flagged.

Also Startup Daily·SmartCompany·SmartCompany·SmartCompany·Startup Daily·SmartCompany·SmartCompany·SmartCompany·SmartCompany·SmartCompany·Startup News (WA)·TechCrunch Venture·TechCrunch Venture

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