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)

Chain Catcher news, the crypto application Trystack.io aimed at Generation Z young users, announced the completion of a new funding round of $2.7 million, with investments from Madrona, The Venture Collective, Santa Clara Ventures, and several angel investors and executives in the financial sector. Unlike applications such as Coinbase and Robinhood, Trystack.io allows young users to access UTMA (Uniform Transfers to Minors Act), and provides legal crypto access, with assets being directly transferred to these teenage users once they reach the legal age.It is reported that the platform will initially offer seven cryptocurrencies: BTC, ETH, ADA, SOL, USDC, LTC, and MATIC, and has released a mobile version for iOS and Android. (Source link)

According to Chain Catcher news and reported by GeekWire, Web3 data infrastructure provider Spice AI has completed a $13.5 million seed round of financing, led by Madrona, with participation from Blackbird Ventures, Basis Set Ventures, and Founders' Co-op, as well as former GitHub CEO Nat Friedman, current GitHub CEO Thomas Dohmke, and Microsoft Azure CTO Mark Russinovich.It is reported that Spice AI is building a foundational platform for Web3, allowing developers to avoid building their own infrastructure and dealing with complex and costly data engineering. Spice AI can index data from mainstream blockchains such as Bitcoin, Ethereum, and Solana, then store and distribute this data on the platform and allow customers to access it. (Source link)