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Top angels pump $9M into Amperity, a new marketing startup from Derek Slager and Kabir Shahani of Appature

Geekwire 2/5/2016 – Kabir Shahani and Derek Slager already have one big success under their belts, selling Seattle-based healthcare marketing startup Appature to IMS Health in 2013 for a significant return.

Now, the entrepreneurial duo is hoping to do it again. This time, just on a bigger scale.

Shahani and Slager recently formed a new marketing technology startup called Amperity, and they just pulled in $9 million in funding to get the young company off the ground, GeekWire has learned.

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POSTED IN: Portfolio Company News

David & Ben’s ‘Acquired’ Podcast Dissects What Went Right – New Episode Available

David Rosenthal of Madrona and Ben Gilbert of Pioneer Square Labs team up every two weeks or so to eat some food and talk about acquisitions.  These can so easily go wrong.  This podcast is about the ones that mainly went right – the “The 1+1=3 deals” as the authors say on their site.  Why did these go right? What were the elements of success?  And they are only 30 minutes!  Perfect.  The newest episode looks at YouTube (and includes a link to the original internal investment memo from funders, Sequoia) 

Get the podcast from iTunes or from Acquired.  

We sat down and asked a couple questions about the podcast and the response so far.  Read on for fun insight and a good restaurant recommendation. 

How did you get the idea for Acquired? 

The idea was Ben’s— he had wanted to do a podcast for a while, and thought a theme around analyzing tech acquisitions would be a good mix of unique, focused and atomized-enough content that we could keep it going with fresh and interesting material. So far we’ve been very happy with how it’s working, and we have a few fun ideas in the works riffing on the theme— acquisitions that DIDN’T happen, “real-time” analysis when a big one gets announced, more special guests, etc. 

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POSTED IN: Opinions

Julie Sandler Joins the 2016 Class of Presidential Leadership Scholars

Madrona Venture Group Investor is Recognized for both Business and Civic Leadership

 

February 2, 2016 – Madrona Venture Group announced today that Julie Sandler has been selected to be a member of the Presidential Leadership Scholars class of 2016. 

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POSTED IN: Madrona News, Press Release

Booster Fuels, Which Fills Up Your Car While You’re Working, Raises $9M Series A Round

TechCrunch 1/28/16 – Even if you’re living in one of the few states where pumping your own gas is illegal, driving to the gas station to fill up is probably not your favorite chore. Booster Fuels wants to take the hassle out of fillups. The company partners with large businesses and then offers on-demand fuel service on their corporate campuses. As much as I hate writing these words, it’s basically “Uber for gas.”

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POSTED IN: Madrona News, Portfolio Company News

Portland’s Cedexis raises $22M for web performance analytics platform

Geekwire 1/26/16 – Cedexis just raised a substantial investment round to continue helping companies deliver optimal end user experiences with websites, mobile apps and streaming video.

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POSTED IN: Portfolio Company News

The tiny chip that could power big changes in how you shop

The Washington Post 1/20/16 – NEW YORK — Next time you’re at the mall, take a closer look at the paper price tag dangling from the clothes you take into the dressing room.

If you hold the tag up to a light, you might see a dark, salt-grain-sized speck in it. Or, if you run your thumb over the tag, you might feel an almost imperceptible bump.

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POSTED IN: Portfolio Company News

YOU CAN’T USE A DRONE TO FILM YOURSELF SKIING BUT THESE EX-GOOGLERS WILL DO IT FOR YOU

Fast Company 1/18/16 – Cape Productions has the exclusive buy-in from ski resorts to offer customers drone footage, and it’s because of its commitment to safety.

Talk about being on stage. I’m lying in at least a foot of fresh powder from the snowstorm overnight, frantically trying to re-attach the ski that went flying when I face-planted. There’s almost no one around, but my every move is being watched, and filmed in HD, by a drone hovering just overhead.

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POSTED IN: Portfolio Company News

Madrona Appoints Technology Leader, Bill Richter, Venture Partner

Seattle, WA, January 8, 2016 – Madrona Venture Group, an early-stage venture capital firm, announced today that Bill Richter has joined the firm as a Venture Partner. Richter, with nearly 20 years of experience in the technology industry, was most recently the President of the Isilon Storage Division of EMC. As Venture Partner, Bill will help identify new investments and provide strategic and operational advice to Madrona portfolio companies.

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POSTED IN: Madrona News, Press Release

Introducing the Seattle Technology Universe 2015

Today we are proud to introduce the Seattle Technology Universe map.  This map, the result of hundreds of hours of research, discussion, and associated work, has been a true community effort spearheaded by Madrona and the WTIA.  Along with sponsors the University of Washington, Cooley, Davis Wright Tremaine, Perkins Coie, and Wilson Sonsini Goodrich & Rosati, many people who have been deeply involved with startups in the region for years added their time to help sift through the data and offer commentary, suggestions, and a lot of reminiscing. 

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POSTED IN: Madrona News

Location Everywhere: What We’ll See in 2016

Xconomy 12/23/15 – 2016 is going to be a pivotal year for location- and proximity-based technology solutions. Companies across industries are testing the deployment of location aware infrastructures, opening up a world of possibilities. Location technology adoption will likely mirror that of social networks over the past 10 years. On balance, and with good direction, location-enabled experiences are going to make our world more efficient, more seamless, and more enjoyable.

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POSTED IN: Opinions, Portfolio Company News

End of the road for gas pumps? Refuel your car while you work

CBS News 12/21/15 – Americans are paying the lowest amount for gas since 2009, according to the America Automobile Association, with the national average dipping to just under two dollars.

But a new company is changing how we gas up, by bringing the fuel to drivers, reports CBS News correspondent Mark Strassmann.

Tony Creme and his big SUV haven’t been to a gas station in six months. That’s because Booster Fuels‘ mobile gas station comes to him.

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POSTED IN: Portfolio Company News

eSports engagement platform Matcherino raises $1.2M from Madrona and NFL lineman

Geekwire 12/17/15 – eSports, though still in its infancy, already has a massive following. Now, a Seattle startup wants to get in on the craze with a new platform that lets fans crowdfund matches between top gamers.

Matcherino today announced a $1.25 million seed round led by Madrona Venture Group, with participation from Vulcan Capital and angel investors like Gary Rubens, Mike Fischer, and Seahawks offensive lineman Russell Okung — more on this later.

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POSTED IN: Madrona News, Portfolio Company News

$6M venture stake for Seattle virtual-reality startup

The Seattle Times 12/14/15 – Pixvana, a Seattle virtual-reality video technology startup, has bagged $6 million in funding from investors.

The startup has designs on creating Web-based tools to improve virtual-reality video for film and television studios and other media companies, said Forest Key, Pixvana’s chief executive and one of its co-founders.

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POSTED IN: Madrona News, Portfolio Company News

Eventbase raises $6M from Madrona to build apps for event and conference organizers

Geekwire 12/8/15 – It started out as a small group of entrepreneurs building an app for the 2010 Olympic Games.

Now, Eventbase is fast-growing company raising venture capital from the region’s top firms.

The Vancouver B.C.-based startup today announced $6 million in funding from Seattle-based Madrona Venture Group, the only investor who participated in the Series B round.

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POSTED IN: Madrona News, Portfolio Company News

Geek of the Week: ‘Soma’ Somasegar is ready for something new after 27 years at Microsoft

Geekwire 12/3/15 –  S. “Soma” Somasegar joined Microsoft in 1989, back when the Redmond software company had less than 5,000 employees and was gearing up for the first release of a new productivity suite it was calling Microsoft Office.

More than two decades later, Somasegar was a well known figure around campus when he announced in October he would be leaving after 27 years.

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POSTED IN: Madrona News

Partisan Split Over Climate Change Irks First EPA Chief (A Republican From Seattle)

KUOW 11/24/15 – Environmental elder statesman William Ruckelshaus may not have decided where to display the Presidential Medal of Freedom he will be receiving at a White House ceremony Tuesday, but he has decided how to have a little fun with it.

“Well I’ve threatened my wife to wear it outside my suit coat in the daytime and inside my pajamas at night so it wouldn’t hit her in the face when I turned over,” joked the 83-year-old Ruckelshaus before admitting he really doesn’t know what he’ll do with the medal, one of 17 being awarded.

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POSTED IN: Madrona News, Opinions

10 Cool Holiday Toys

CNN Money 11/23/15 Robots teach kids to code – How do you make coding fun for kids? Robots, obviously.

Dash and Dot are mini robots that do just that. Dash dances, sings, races around and responds to voice commands. Dot doesn’t move, but with an app, kids can code it to become a blinking nightlight, play tug-of-war with Dash and even bark.  

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POSTED IN: Madrona News

This App Lets You Micro-Donate To Charity Using Your Spare Time

Forbes 11/19/15 – Spare5 founder and CEO, Matt Bencke, is defying many entrepreneurial stereotypes. The former general manager of Microsoft’s Xbox and Windows phone launched his startup just over a year ago after a long, successful career at large companies. And recently despite being a for-profit tech co. and mobile app, discovered their untapped philanthropic potential by listening to their users.

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POSTED IN: Portfolio Company News

S. Somasegar Joins Madrona Venture Group as Venture Partner

Press Release 

Seattle, WA, November 18, 2015 – Madrona Venture Group, an early-stage venture capital firm, announced today that S. “Soma” Somasegar is joining as a Venture Partner. Soma joins Madrona after nearly twenty-seven years at Microsoft Corporation, where he most recently was Corporate Vice President of the Developer Division. Under Soma’s leadership, the Developer Division, which supports over six million .NET developers worldwide, expanded its mission to deliver developer tools and services for mobile development and cloud development across a variety of platforms and programming technologies through the Visual Studio family of products.

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POSTED IN: Madrona News, Press Release

Madrona founder Bill Ruckelshaus to receive the Presidential Medal of Freedom, the Nation’s highest civilian honor

The White House Office of the Press Secretary 11/16/15 – President Obama Names Recipients of the Presidential Medal of Freedom

WASHINGTON, DC – Today, President Barack Obama named seventeen recipients of the Presidential Medal of Freedom. The Presidential Medal of Freedom is the Nation’s highest civilian honor, presented to individuals who have made especially meritorious contributions to the security or national interests of the United States, to world peace, or to cultural or other significant public or private endeavors. The awards will be presented at the White House on November 24th.

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POSTED IN: Press Release