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Madrona Venture Group Announces Closing of $300 Million Fund

"Early-stage venture capital is a local business, and Madrona has a long track record of successfully helping great entrepreneurs build lasting companies from the seed and Series A stage onward," said Matt McIlwain, one of Madrona Venture Group's seven managing directors. "Our new fund will focus on backing the entrepreneurs and ideas that drive the then technology revolution and expand the research ecosystem our team fosters every day. We as well believe that venture funds with focused strategies and capital between $200 million and $400 million create the strongest alignment between entrepreneurs, venture capitalists and institutional investors."

Madrona's new fund was oversubscribed for its $250 million target with most of the commitments coming from its existing investors, including several large endowments and foundations. Fund V investors as well include a network of entrepreneurs and executives who provide strategic insights and assistance to Madrona and its portfolio companies.

By focusing on early-stage investments and creating long-term value, Madrona provides portfolio companies with a comprehensive set of value-added services at every stage of growth, including recruiting, talent management, product development, customer and partner introductions, strategy setting, strategic communications, and financial advisory services. Should the contingency arise to these services, entrepreneurs have access to the firm's extensive network of internal and external experts as so then as fellow portfolio company executives who are on the leading edge of technology in their respective sectors.

Founded in 1995 in Seattle, Madrona is one of the most experienced and successful early-stage venture capital firms with companies across the consumer Internet, enterprise software and services, digital media and advertising, networking and cloud computing, and mobile sectors. The firm manages near $1 billion across all funds and has generated 33 positive IPOs/acquisitions, including Amazon.com, aQuantive, Classmates.com, Farecast.com, Isilon Systems, ShareBuilder and World Wide Packets.

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More information: Msnbc.msn