Madrona Enterprise Labs Raises $8M for Startup Studio Innovation

Madrona Venture Labs Raises $8M

Madrona Enterprise Labs (MVL), a Seattle-based startup studio, lands $8M in new funding for its fourth fund. They plan to innovate on their enterprise studio mannequin for his or her spinout corporations. MVL will proceed to construct its shut relationships and partnerships with the funding groups at Madrona and new founders.

MVL will accomplice with probably the most skilled and profitable working govt traders:

Spencer Rascoff, former Zillow CEO; Elie Seidman, former Tinder CEO; Court docket Lorenzini, co-founder DocuSign; Elena Donio, former Axiom CEO; Elissa Fink, former Tableau CMO; Julie Larson-Inexperienced, former Qualtrics CXO; Erik Blachford, former Expedia CEO; Mike McSherry, Xealth CEO; Jon Gelsey, former Auth0 CEO; Chad Cohen, Adaptive Biotech CFO; and Ralph Pascualy, former Swedish Medical Group CEO.

Tech-Vet-Traders

These extremely skilled tech-vet-investors and operators will likely be co-founding board members and advisors. They’ll leverage their expertise networks for recruiting, buyer improvement, thought validation, teaching, and providing fundraising assist to groups.

Elena Donio, former Axiom CEO, with an enormous array of expertise on this enviornment says, “I’m enthusiastic about this chance as a result of we’re by no means accomplished innovating. MVL provides us an opportunity to suppose critically about what’s subsequent and to accomplice with unbelievable leaders, entrepreneurs, and traders to make imaginative and prescient actuality.”

About Madrona Enterprise Labs

Madrona Enterprise Labs, based in 2014, possesses an inside innovation group in its incubation arm. They’re tasked with bringing to life startups and companies offering a full-scale vary of companies. MVL companions with founders to construct venture-scale corporations. They declare a 100% operator-led studio that companions from day one with founders.

The MVL Expertise Studio Mannequin

MVL is dedicated to convey extra expertise to the studio and provide the prospect to work immediately, side-by-side with the fund traders. MVL has constructed its mannequin to be quicker and extra environment friendly in time to seed by serving to to derisk making the leap to start out an organization.

Managing Director and MVL CEO, Mike Fridgen says, “Our obsessive concentrate on constructing founder worth has made MVL the plain alternative for founders constructing an organization within the PNW. Our subsequent group of founders will profit from a 100% operator-led group with a confirmed firm constructing course of; profitable operators as co-founders and companions; and funding and assist from Madrona, the main VC within the PNW.”

The Madrona Enterprise Labs group — clockwise from left: Flora Ku, Keith Rosema, Maria Hess, Henry Huang, Mike Fridgen, Jay Bartot, Jason Flateboe

Picture Credit score: Madrona Enterprise Labs Picture; thanks!

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