Madrona Venture Group — Activity | F4
Madrona Venture Group Activity Every public signal F4 has attached to this firm, with sources and cross-entity links.
Milestone
Portfolio company Statsig became a unicorn in 2025, three years after Madrona's initial investment. Statsig
Added recently
3 essays · APR 2026 Show all
Essay
Published essay arguing that domain-specific AI applications offer better unit economics and moats than competing with frontier model companies. While Big AI Burns Cash, Here's Where Founders Win
Essay
Vivek Ramaswami and Sabrina Albert published an essay on the shift from AI model scarcity to AI capability abundance and implications for founders. From Scarcity To Abundance
Essay
Matt McIlwain published a thesis on the evolution of enterprise AI sales and customer retention strategies. Selling AI in 2026: Selling Is Easy. Staying In Is Everything
3 investments · FEB 2026 – APR 2026 Show all Investment
Co-led Golden Analytics' $7M seed round alongside NEA to build an AI-native business intelligence platform. Golden Analytics
Investment
Led Ridge AI's $2.6M pre-seed round for AI-native embedded analytics for SaaS applications. Ridge AI
Investment
Co-led Entire's $60M seed round at $300M valuation; company founded by former GitHub CEO Thomas Dohmke to build AI-focused code management infrastructure. Entire
New Fund
Closed $770M across Fund X ($489.6M, early stage) and Acceleration Fund IV ($269.4M, Series B/C) — the firm's largest fundraise in its 30-year history. Fund X and Acceleration Fund IV — $770M
3 exits · MAY 2024 – AUG 2024 Show all Exit
Portfolio company OctoAI was acquired by NVIDIA for a reported $250M. OctoAI
Exit
Portfolio company Lexion was acquired by Docusign for $165M. Lexion
Exit
Portfolio company Rover (pet-sitting marketplace) was acquired by private equity firms. Rover
Team Change
Karan Mehandru joined Madrona as Managing Director, bringing 15 years of experience from Trinity Ventures and STEADFAST Capital. Karan Mehandru joined as Managing Director