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

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, Madrona Venture Labs (MVL), a studio founded within one the city’s oldest and most-celebrated venture capital firms, Madrona Venture Group, has raised $11.3 million. The investment brings the […]

Startups Weekly: Will the Seattle tech scene ever reach its full potential?

Greetings from Seattle, the land of Amazon, Microsoft, two of the world’s richest men and some startups. I’m always surprised the Seattle startup ecosystem hasn’t grown to compete with the likes of Silicon Valley — or at least Boston and New York City — since the dot-com boom. Today, it’s the strongest it’s been due […]

With $15M, The Riveter plans to open 100 new female-focused co-working spaces

In a disappointing year for female-founded startups — at least those looking to raise venture capital — The Riveter not only closed its first institutional funding round, but it’s today announcing a $15 million Series A funding, bringing its total backing to $20.5 million. The Seattle-based co-working startup, led by co-founder and chief executive Amy Nelson […]

Shyft raises $6.5M to help retail and service workers swap shifts

Anyone who has experience in the service or retail industry knows swapping shifts can be a logistical nightmare that leaves employees in trouble with management or stuck working during a friend’s birthday party. As a former Old Navy “sellebrity” myself, I can confirm there’s a huge need for an efficient tool to solve this problem. […]

Datacoral raises $10M Series A for its data infrastructure service

Datacoral aims to make it easier for enterprises to build data products by abstracting away all of the complex infrastructure to organize and process data. The company today announced that it has raised a $10 million Series A financing round led by Madrona Venture Group, with participation from Social Capital, which also led its $4 […]

Crowd Cow, offering ranch to table meats, picks up $8 million from Madrona, Ashton Kutcher

Most high-end restaurants don’t get their beef from the local grocery store. Well-regarded chefs and restauranteurs build relationships with small farms and family ranchers to procure what’s known in the industry as craft beef. Just like coffee or chocolate or wine, the smallest differences (type of grass, breed of cow, lifestyle, etc.) can make a […]