Madrona appoints Sunny Gupta, Charlotte Hubbert and Mark Nelson as strategic directors
SEATTLE – (COMMERCIAL THREAD) – Madrona today announced the appointment of three new strategic directors.
Sunny Gupta, Founder and CEO of Apptio and iConclude, Category Creator and Product Visionary in Enterprise Software.
Charlotte Hubbert Ph.D, senior investor in life sciences and biotechnology, member of the management and board of directors and senior director of business development and strategic alliances at Nanostring.
Mark T. Nelson, president and CEO of Tableau Product (a Salesforce company), former CTO of Concur, and builder of engineering and enterprise teams.
Gupta, Hubbert and Nelson will work with the founders and leaders of Madrona’s portfolio companies, sharing their perspectives and operating experiences as leaders in their industries. Additionally, they will work closely with Madrona’s investment team as the team builds their investments from the start to the acceleration phase.
At the end of 2020, Madrona raised over $ 500 million in new funds, between an eight-seed, Series A fund focused on the Pacific Northwest and a second accelerator fund (Series B and C) to invest primarily in innovative companies based across the United States by leveraging leverage. cloud computing and applied machine learning. Today, the company also announced an additional fund of $ 120 million for existing holding companies. link
“One of the unique things about Seattle’s tech community is that it’s a place where people are community builders and we are thrilled that these three talented leaders and builders are joining Madrona as Strategic Directors. “commented Matt McIlwain, Managing Director of Madrona Venture. Group. “Each of these individuals brings a unique vision and a willingness to get started and help our founders develop their products, their go-to-market strategies and their business infrastructure. ”
Sunny Gupta is the co-founder and CEO of Apptio. Since the founding of Apptio, backed by Madrona, in 2007, he has pioneered a market category, technology business management, and led Apptio to an IPO in 2016 and upon its subsequent acquisition. by Vista Equity Partners in January 2019 for $ 1.94 billion. Prior to Apptio, Sunny was the co-founder and CEO of Madrona – the company backed by iConclude, which was an early IT and automation solutions, acquired by Opsware and then acquired by HP in 2007. Sunny also worked with the CEO. by Madrona, Matt McIlwain and Venture Partner Oren Etzioni at the University of Washington spin out, Performant, over twenty years ago. He is currently a member of the board of directors of Gainsight.
Dr Charlotte Hubbert is Senior Director of Business Development and Strategic Alliances at Nanostring. Charlotte has over fifteen years of experience in basic scientific research and over ten years of biotech venture capital investment experience across a wide range of industries, treatment modalities and stages. Charlotte was previously a partner and director of Gates Foundation Venture Capital, a $ 500 million initiative of the Bill and Melinda Gates Foundation’s Strategic Investment Fund, where she oversaw the investment in innovative technologies that supported the programs of the foundation in the fields of global health and agriculture. Prior to joining the foundation, Charlotte was Vice President of HIG BioVentures, investing heavily in healthcare. Charlotte started her career in biotechnology at an early stage, investing in Accelerator Corporation. Charlotte currently sits on the board of directors of City of Hope, LUCA Biologics and Entrinsic Health Solution.
Mark T. Nelson is the President and CEO of Tableau, a Salesforce company. He sets the vision and direction for Tableau and oversees the strategy, business and operations of the company. Mark was previously Executive Vice President of Product Development for Tableau, leading the global engineering and product teams. Prior to Tableau, Mark was CTO at Concur, working closely with Madrona Managing Director Steve Singh, where he was responsible for all aspects of product development. Mark started his career as a developer and spent 17 years at Oracle, ending as Vice President and Architect.
New investment professionals complete the Madrona team
Madrona has also added new full-time investment professionals to the team in recent months.
Aseem Datar, Partner, joined Madrona after a successful and innovative 17-year career at Microsoft with his most recent role as GM / COO of Microsoft Cloud. Aseem brings to Madrona extensive experience that spans from developer to sales to international operations of major product groups. He has already led an initial investment in Spice.ai, a company that allows developers to integrate AI into their applications. Biography and contact details of Aseem
Maria Gilfoyle, Investor – Prior to Madrona, Maria was a partner at K50 Ventures and a member at Armory Square Ventures, before joining Madrona. There she focused on pre-seed investments through Series A. Maria has a particular focus on consumer technology investments. Maria’s biography and contact details
Sabrina Wu, Investor – Prior to joining Madrona, Sabrina was a partner at Vector Capital, a technology-focused private equity firm. At Vector, Sabrina has focused on researching and evaluating growth investments, buyouts, carve-outs and equity investments, as well as supporting portfolio companies with strategic mergers and acquisitions and growth initiatives. She has also been active in Vector’s SPAC efforts. At Vector, Sabrina focused on investments in software, security and the Internet. Biography and contact details of Sabrina
Birkan Uzun, Investor – Prior to joining Madrona, Birkan was a software engineer at Amazon where he worked in a variety of areas such as devices, mobile applications, cloud services and machine learning. Birkan is interested in software development and companies focused on low code / no code. Birkan’s biography and contact details.
Madrona (www.madrona.com) is a Seattle, WA-based venture capital firm. With over 25 years of investing in technology start-ups, the company has worked with the founders of Day One to help them build their business for the long haul. Madrona invests primarily in Series B and Series A rounds across the IT spectrum and recently raised two Acceleration Stage funds for initial investments in Series B, Series C and beyond Madrona manages over $ 2 billion dollars and was an early investor in companies such as Amazon, Smartsheet, Isilon, Redfin, and Snowflake.