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The new fund will follow Madrona's existing strategy of early-stage (seed and Series A) investing, with a focus on companies in the Northwest.
Balderton has done well out of its Series A investing with Bebo, Yoox, Natural Motion, MySQL, Lovefilm, so it clearly believes it can replicate its model and do it further down the food chain.
The firm is based in Michigan, which is unusual for a VC from but makes perfect sense for a investing agency focus on cars and car-related tech.
NS: Series A investing is not competitive at all.
[A bigger impetus are the] greater and more diverse groups doing Series A investing than in the past.
All the world-class journalism and great financial tools you've come to expect from Forbes.com are still here, and we've added a Investing section.. Look there to get up-to-the-minute news on the markets., mutual funds.
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