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The Venture Codex

Overview

Venture capital firm investing in technology and digital businesses.

Founded

1995

Deals ยท 12mo

31

Stage focus

Seed
Series A
Series B

Geographic focus

United States

Sector focus

Cloud Data Services
Finance
Service Industry
Venture Capital

Investment portfolio

426rounds
NAMEDATESIZE
Vinci
Oct 2026Participated
$250 MSeries B
Monid
Oct 2026Participated
$8 MSeed
Atomic
Sep 2026Led
$13 MSeries A
Buywander
Sep 2026Led
$21 MSeries A
Jack & Jill
Sep 2026Participated
$40 MSeries A
NewDays
Sep 2026Led
$9 MSeed
SciFin
Sep 2026Led
$44 MSeed
Noosphere Labs
Aug 2026Participated
$10 MSeed
Faye
Aug 2026Led
$50 MSeries C
Polar
Jul 2026Led
$6 MSeed
Thira
Jul 2026Led
$21 MSeed
Gradial
Jun 2026Participated
$65 MSeries C
Vinci
Oct 2026Participated
$250 MSeries B
Monid
Oct 2026Participated
$8 MSeed
Atomic
Sep 2026Led
$13 MSeries A
Buywander
Sep 2026Led
$21 MSeries A
Jack & Jill
Sep 2026Participated
$40 MSeries A
NewDays
Sep 2026Led
$9 MSeed
SciFin
Sep 2026Led
$44 MSeed
Noosphere Labs
Aug 2026Participated
$10 MSeed
Faye
Aug 2026Led
$50 MSeries C
Polar
Jul 2026Led
$6 MSeed
Thira
Jul 2026Led
$21 MSeed
Gradial
Jun 2026Participated
$65 MSeries C
426
Items
...
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Insights

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Deal Distribution

Madrona Venture Group: 426 funding rounds are recorded in the selected participation categories.All available history.
Madrona Venture Group: 426 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed4731
Series A7443
Series B1464
Series C+660
Other Equity3552

Monthly Deal Activity

Madrona Venture Group: 426 deals are recorded across 246 months.All available history.
Madrona Venture Group: 426 deals are recorded across 246 months. All available history
MonthDeals
May '061
Jun '060
Jul '060
Aug '060
Sep '060
Oct '061
Nov '060
Dec '060
Jan '070
Feb '070
Mar '070
Apr '070
May '070
Jun '070
Jul '071
Aug '070
Sep '070
Oct '070
Nov '070
Dec '070
Jan '080
Feb '080
Mar '080
Apr '081
May '080
Jun '080
Jul '080
Aug '080
Sep '080
Oct '080
Nov '080
Dec '080
Jan '090
Feb '090
Mar '091
Apr '091
May '090
Jun '090
Jul '090
Aug '090
Sep '090
Oct '090
Nov '091
Dec '090
Jan '100
Feb '100
Mar '100
Apr '101
May '101
Jun '100
Jul '100
Aug '101
Sep '101
Oct '101
Nov '100
Dec '101
Jan '112
Feb '110
Mar '113
Apr '111
May '112
Jun '113
Jul '111
Aug '112
Sep '111
Oct '111
Nov '110
Dec '110
Jan '120
Feb '121
Mar '122
Apr '121
May '121
Jun '121
Jul '122
Aug '120
Sep '120
Oct '122
Nov '122
Dec '125
Jan '130
Feb '132
Mar '131
Apr '131
May '132
Jun '130
Jul '131
Aug '131
Sep '130
Oct '132
Nov '132
Dec '133
Jan '142
Feb '141
Mar '142
Apr '141
May '146
Jun '141
Jul '143
Aug '142
Sep '141
Oct '142
Nov '142
Dec '144
Jan '151
Feb '153
Mar '152
Apr '150
May '153
Jun '150
Jul '150
Aug '152
Sep '152
Oct '151
Nov '150
Dec '153
Jan '165
Feb '161
Mar '161
Apr '161
May '161
Jun '162
Jul '162
Aug '161
Sep '161
Oct '162
Nov '163
Dec '160
Jan '171
Feb '175
Mar '172
Apr '173
May '172
Jun '172
Jul '171
Aug '177
Sep '173
Oct '172
Nov '171
Dec '170
Jan '183
Feb '183
Mar '183
Apr '181
May '184
Jun '184
Jul '183
Aug '180
Sep '184
Oct '183
Nov '183
Dec '184
Jan '191
Feb '191
Mar '193
Apr '191
May '195
Jun '191
Jul '194
Aug '191
Sep '195
Oct '194
Nov '193
Dec '191
Jan '203
Feb '203
Mar '200
Apr '202
May '205
Jun '202
Jul '203
Aug '203
Sep '202
Oct '204
Nov '201
Dec '204
Jan '210
Feb '214
Mar '214
Apr '214
May '214
Jun '212
Jul '218
Aug '212
Sep '216
Oct '215
Nov '214
Dec '211
Jan '226
Feb '226
Mar '221
Apr '222
May '223
Jun '223
Jul '225
Aug '222
Sep '223
Oct '221
Nov '222
Dec '222
Jan '233
Feb '232
Mar '236
Apr '233
May '232
Jun '233
Jul '232
Aug '230
Sep '232
Oct '232
Nov '230
Dec '233
Jan '241
Feb '242
Mar '242
Apr '241
May '241
Jun '243
Jul '242
Aug '241
Sep '241
Oct '243
Nov '240
Dec '240
Jan '251
Feb '251
Mar '252
Apr '252
May '256
Jun '251
Jul '252
Aug '250
Sep '253
Oct '251
Nov '252
Dec '252
Jan '264
Feb '263
Mar '264
Apr '262
May '260
Jun '263
Jul '262
Aug '262
Sep '265
Oct '262

Sector Breakdown

Madrona Venture Group: Enterprise Software is the largest displayed sector by deal count (221 deals).All available history.

A deal can appear in multiple sectors, so sector totals may overlap. Capital represents disclosed total round sizes, not fund cheque sizes.

Madrona Venture Group: Enterprise Software is the largest displayed sector by deal count (221 deals). All available history
SectorDeals
Enterprise Software221
Networks, Cloud & Communication147
AI & Machine Learning132
Data, Analytics & IT97
Marketing & Advertising58
Developer Tools50
Professional Services44
Cybersecurity & Privacy42
E-Commerce & Retail42
Hardware & Robotics42
Health & Life Sciences39
Media & Entertainment33
Fintech27
Consumer & Lifestyle25
Social & Community Platforms25
Transportation & Logistics23
Real Estate & Construction19
Education & Workforce13
Gaming & eSports13
Travel & Hospitality9
AR/VR9
Government & Defense8
Clean Energy & Sustainability7
Manufacturing6
Food & Agriculture6
Space & Frontier Tech4
Crypto & Blockchain4

Deal Size Distribution

Madrona Venture Group: 426 rounds have a disclosed size in the displayed size bands.All available history.

Undisclosed round sizes are excluded. Capital represents total round sizes, not fund cheque sizes.

Madrona Venture Group: 426 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M90
$5M-$10M90
$10M-$25M114
$25M-$50M59
$50M-$100M37
$100M-$250M30
$250M-$500M5
$500M-$1B1
$1B+0

Deals By Geography

Madrona Venture Group: United States has the largest recorded deal count among the displayed regions (402 deals).All available history.

Top 8 of 8 regions; European countries are grouped as Europe.

Madrona Venture Group: United States has the largest recorded deal count among the displayed regions (402 deals). All available history
RegionDeals
United States402
Canada7
Australia5
India4
Europe3
Israel2
980052
483131
Madrona Venture Group: 20 co-investors are shown, with Vulcan Capital sharing 32 recorded deals.All available history.

Co-Investors

Bubble size = shared deals

Click a bubble to open that fund in a new tab.

Shows up to 20 co-investors ranked by shared deals. Deals may be shared with multiple funds, so rows overlap. Capital is total round size, not fund cheque size.

Investment Strategy

Madrona Venture Group: Led accounts for 41% and participating for 59% of round participation.All available history.
Madrona Venture Group: Led accounts for 41% and participating for 59% of round participation. All available history
CategoryDeals (count)Share (%)
Led17641%
Participating25059%
Madrona Venture Group: Single-lead accounts for 69% and co-led for 31% of lead dynamics.All available history.
Madrona Venture Group: Single-lead accounts for 69% and co-led for 31% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead12269%
Co-led5431%

Team

Elisa Cava

Principal

Gerald Grinstein

Co-Founder and Strategic Director

Mike Fridgen

Chief Executive Officer, Madrona Labs

Paul Goodrich

Co-Founder and Managing Director

Soma Somasegar

Managing Director

Ted Kummert

Chief Product Officer in Residence and Venture Partner

Tom Alberg

Co-Founder and Managing Director

Troy Cichos

COO and Partner

Vivek Ramaswami

Venture Capitalist

William Ruckelshaus

Strategic Director