Madrona Venture Group Posts

Warburg Pincus announces majority investment in PayScale of up to $100 million

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Warburg Pincus has announced it has made a majority investment in compensation software service company PayScale as part of a deal worth up to $100 million. PayScale was founded in 2000 and offers customers access to the world’s largest database of individual compensation profiles, which contains more than 40 million salary profiles.

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Julep raises $30 million in funding

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Julep is an online cosmetics and beauty company that has raised $30 million in Series C funding from Azure Capital, Madrona Venture Group, Altimeter Capital, Andreessen Horowitz and Maveron. Julep was founded by former former Starbucks executive Jane Park.
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Rover.com raises $12 million in funding

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Rover.com is a Seattle based startup that connects pet owners with dog sitters. Rover.com has raised $12 million in Series C funding led by Menlo Ventures with participation from existing investors Madrona Venture Group, Foundry Group, and Petco. Rover.com has raised a total of $25 million thus far.
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eBay Has Acquired Decide.com

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eBay has acquired the price prediction company Decide.com.  Decide.com will be shutting down on September 30th following the acquisition.
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Jama Software Raises $13 Million In Funding

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Jama Software is a Portland, Oregon based company that was founded in 2007.  The Jama Product Delivery Platform is a web-based application that helps companies conceive, build, and deliver complex products.  Jama Software has raised $13 million in Series B funding led by Trinity Ventures with participation from Madrona Venture Group.  Jama Software will be using the funding to double down on their SaaS-based approach for product management and delivery.  The company will also expand in Europe and Asia and develop deeper integrations with developer tools.
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Rover.com Raises $3.5 Million, Signs Deal With Petco

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Rover.com has raised $3.5 million in funding from a group of investors.  The lead investor was pet retailer company Petco.  Rover.com also signed an exclusive partnership with Petco to promote their services on its website and in all of their stores.  Rover.com is known as the “Airbnb for dogs.”

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Context Relevant Raises $7 Million In Series A

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Context Relevant
is a Seattle-based startup that offers predictive data analysis to businesses without the need to have an extensive analytics team.  Context Relevant has raised $7 million in funding after previously raising $2.8 million in seed funding.  Vulcan Capital joined the existing investors Madrona Venture Group and Geoff Entress for this round.  Bloomberg Beta and several other undisclosed private investors also participated in this round also.

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Apptio Raises $45 Million

Apptio
Based in Bellevue, Washington, Apptio has raised $45 million in Series B funding.  The company raised $50 million in venture funding 14 months ago.  Apptio sells on-demand software and services to manage corporate IT departments.

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