Madrona closes out year raising $500m

Madrona of Seattle announced late last year more than $500m in two new funds.

Seattle-based Madrona Venture Group announced late last month it raised more than $500 million in new funds. The firm closed two funds, Madrona Venture Fund 8 with $345 million in commitments, and Acceleration Fund 2 at $160 million. The firm said both funds were oversubscribed.

Source: Firm announcement