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Madrona Launches First Acceleration Fund of $100 Million

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New Fund is Focused on Series B or C Stage Technology Companies in
Seattle and Beyond

SEATTLE–(BUSINESS WIRE)–Today Madrona Venture Group, www.madrona.com,
announced the closing of its first Acceleration Fund. The $100 million
fund will focus on investing in technology companies with a
differentiation in cloud computing or applied machine learning that are
emerging as leaders in their market sectors.

“Madrona has actively helped exceptional entrepreneurs and their
companies grow from the seed stage to IPOs and beyond for almost 25
years,” stated Matt McIlwain, Managing Director, Madrona Venture Group.
“This fund will enable us to help a new set of companies that have found
product-market fit and are scaling to meet their fullest potential. We
will be looking to make investments in our core Seattle-area market as
well as across the country.”

Madrona Venture Group has nearly $1.6 billion under management in its
core funds, the latest being Madrona Fund VII of $300 million raised in
2018. These core funds have focused on working with founders and
entrepreneurs from the earliest days and often partnering for a decade
or more. This has meant starting with the seed or Series A round of
funding and participating through the life of the company. Amazon,
Apptio, Isilon, impinj, Redfin, and Smartsheet are examples of Madrona’s
strategy in action. In contrast, Madrona will put the Acceleration Fund
to work in new companies starting at the Series B or C investment stage,
when the company has a fully developed product with a clear market and
repeatable selling motion.

The fund will be directed by the existing managing directors and will
begin investing this year. Madrona is open to leading or co-leading the
investment rounds. For more on the fund and the view of entrepreneurs on
Madrona’s role in company building, please see Madrona’s post.

About Madrona

Madrona has been investing in early-stage technology companies in the
Pacific Northwest for nearly 25 years and has been privileged to play a
role in some of the region’s most successful technology ventures. The
firm invests predominately in seed and Series A rounds across the
information technology spectrum, including cloud infrastructure,
intelligent applications, digital media and advertising, ecommerce and
consumer software. Madrona manages nearly $1.6 billion and was an early
investor in companies such as Amazon.com, Apptio, Smartsheet, Rover.com,
and Redfin. www.madrona.com

Contacts

Erika Shaffer, [email protected],
206-972-5514


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Cannabis

Sannabis, Inc. (OTC: USPS) Announces First Shipment of Cannabis Essential Oil from Colombia to U.S. to Fill First Order, as the DEA Re-Classifies Marijuana from Schedule I to Schedule III

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Humboldt Seed Company partners with Apollo Green to bring California cannabis genetics to the global marketplace

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Apollo Green to distribute Humboldt Seed Company clonal cannabis genetics to Germany, Portugal and Australia

SAN FRANCISCO, April 30, 2024 /PRNewswire/ — Humboldt Seed Company (HSC), California’s leading cannabis seed producer, has announced a partnership with Canadian-based Apollo Green to make eight breeder cuts available to researchers, licensed commercial cultivators and home growers in legal markets worldwide. This first-to-market clonal genetics release is a significant milestone and will expand access to distinctive, high-quality cannabis genetics in both established and emerging global markets including Germany, Portugal and Australia.

The curated, breeder-verified selection includes pioneering triploid genetics, such as OG Triploid and Donutz Triploid alongside the legendary cult classic Blueberry Muffin. Also available are All Gas OG with a THC content of 21% and four high-THC strains in the 30-35% range: Golden Sands, Guzzlerz, Jelly Donutz and Orange Creampop. These selections represent the top .01% from HSC’s extensive California pheno-hunting program.

Exports will begin in May under Apollo Green’s Canadian federal cannabis license. All shipments have Canadian phytosanitary certification, ensuring plants have been inspected, and are clean and free of pests.

“Access for all to quality genetics has been our core focus since the beginning,” said HSC Co-founder and Chief Science Officer, Benjamin Lind. “Our science-based approach to breeding aligns perfectly with Apollo Green’s high standards and we are excited to be able to extend these hand-selected cuts to a wider audience, especially at this pivotal time where we’re seeing positive regulatory changes globally.”

Oisin Tierney, Apollo Green Director of Business Development, said, “California has long been recognized for setting industry standards, and we are proud to play a role in bringing these esteemed genetics to cultivators worldwide. The triploids are especially noteworthy in terms of the unprecedented potential for enhanced plant vigor, higher yields, shorter flowering times and superior returns for solventless extraction.”

About Humboldt Seed Company

Established in 2001, Humboldt Seed Company is a Northern California heritage brand providing quality cannabis genetics to commercial cultivators and home growers in legalized states across the U.S. and international markets including Spain, Canada, Jamaica, South Africa, Colombia, France, Portugal, Greece, the UK, Malta and Thailand. With a focus on environmental and social justice, they combine traditional breeding and modern scientific practices in their strain development program. They have served the cannabis community for over two decades.

For more information visit https://humboldtseedcompany.com/.

About Apollo Green

Licensed since 2019, Apollo Green is Canada’s leader in cannabis genetics. The company’s mission is to provide an ever-growing bank of seeds and clones to medical patients and recreational consumers. Apollo Green provides clean, trusted cannabis seeds and clones, which are backed by the foremost tissue culture technology to reduce risks, costs and time-to-market for licensed producers around the world. Apollo Green is passionate about cannabis genetics. 

For more information visit https://apollogreen.com/.

Media contact
Jaana Prall
[email protected] 

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Technological Advancements in Breathalyzers Drive Market Growth and Enhance Road Safety

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