Madrona Venture Labs raises $11M to build companies from the ground up

May 15, 2019 - TechCrunch
Investments

In regions where would-be entrepreneurs need a little more support and encouragement before they’ll quit their day job, the startup studio model is taking off.

In Seattle, one of its oldest and most-celebrated venture capital firms, Madrona Venture Group, has raised $11.3 million for its studio, Madrona Venture Labs (MVL). The investment brings the studio’s total funding to $20 million.

Traditional venture capital funds invite founders to pitch their busine...