Michael DeLucca on LinkedIn: OTSY Deal Memo

Funding Rounds

▤ Summary

Madrona Raises $770M for New Funds Heres What the Seattle VC Firm is Betting On https://lnkd.in/gNBUNtVv Madrona, the largest venture firm in the Pacific Northwest, raised $770 million for two new funds as the longtime Seattle-based investor looks to back a new batch of tech startups. Despite a slowdown in the venture capital sector and an IPO drought, Madrona Managing Director Matt McIlwain said the fundraising process went smoothly. It is split between two investing vehicles: a traditional fund for early stage startups (about 60% of the $770 million), and an acceleration fund for more mature companies, including those that Madrona may have missed out on. Madrona expects to invest in about 30 companies at the pre-seed, seed, or Series A stage from the new funds, and about 12 at the Series B stage and beyond. The post Madrona Raises $770M for New Funds Click here to view original post Click Here to Publish/Feature Your Company or Product News with Biotech Networks

$ Funding

$
Amount $500.0K Total raised
□
Date February 21, 2025 Announcement date
◎
Investors - Lead investors
▥
Company https://www.otsy.com Funded company

▥ Classifications

industries
No industries detected
applications
No applications detected

◇ AskAI Classifications

Labels
No AI classifications detected

▦ Linked Companies

Refresh Inc.
$1M to $5M