Cryptocurrency venture capital firm Madrona's two new funds have received $690 million in oversubscription

Chain Catcher news, the crypto venture capital firm Madrona announced the completion of fundraising totaling $690 million through two oversubscribed new funds. Among them, the Madrona Fund 9 raised $430 million, focusing on supporting pre-seed, seed, and Series A investments in the Pacific Northwest. The other fund, Acceleration Fund 3, raised $260 million, focusing on investing in teams at the Series B or C stage.

It is reported that Madrona is headquartered in Seattle, and its current investment themes include Web3, applied artificial intelligence/machine learning, modern data stack and DevOps, fintech, and the intersection of life and computer/data science. (nftgators)