Venture capital firm Madrona Venture Group closed its sixth fund, at $300m.
Madrona Venture Fund VI was oversubscribed from premier endowments, foundations, family offices, and entrepreneurs.
Led by Matt McIlwain, managing director, Madrona invests across the technology spectrum including consumer Internet, SAAS, digital media and advertising, cloud computing, data analytics, and mobile backing founders and entrepreneurs based in the Pacific Northwest at the seed and Series A stages. It has backed successful companies such as Amazon.com, Isilon Systems and ShareBuilder. Current investments include Redfin, Apptio, Extrahop, Smartsheet, and MaxPoint Interactive.
With the addition of Madrona Venture Fund VI, the firm manages nearly $1.3 billion. It also added three new Strategic Directors in 2015: Steve Singh, John McAdam and Sujal Patel.