Don’t miss out on the opportunity to join top executives in San Francisco on July 11-12 and learn how leaders are integrating and optimizing AI investments for success. Learn More
Madrona Venture Labs (MVL) has secured $11 million for its fifth fund, with a focus on empowering the next generation of AI founders. This pre-seed startup incubator based in Seattle, Washington bills itself as “an enterprise AI startup studio … for founders, by founders”. The funding round was led by sibling firm, the mighty Seattle giant Madrona Venture Group, and saw participation from a group of noteworthy tech execs committed to the success of early-stage enterprise AI founders.
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Prominent new investors in MVL include Thomas Dohmke, CEO of GitHub; Joe Beda, cofounder and former CTO of Heptio; Brent Frei, cofounder of Smartsheet and CEO of TerraClear; and Michael Hilton, former CPO of Accolade and cofounder of Concur. The fund also saw the return of previous investors such as Elissa Fink, former CMO of Tableau; Spencer Rascoff, cofounder and former CEO of Zillow; and Mike McSherry, cofounder and CEO of Xealth.
Event
Transform 2023
Join us in San Francisco on July 11-12, where top executives will share how they have integrated and optimized AI investments for success and avoided common pitfalls.
