<ul><li>Madrona, the largest venture firm in the Pacific Northwest, raised $770 million for two new funds to back tech startups.</li><li>The funds consist of a traditional early-stage fund and an 'acceleration fund' for more mature companies.</li><li>Madrona had a successful year in 2024 with portfolio company exits, and the firm is optimistic about the year ahead.</li><li>Madrona is focusing on AI investments in the agentic and application layers, as well as exploring domains like enterprise software, travel, life sciences, and health tech.</li></ul>

Madrona raises $770M for new funds — here’s what the Seattle VC firm is betting on

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