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Madrona Venture Group Said to Raise $300 Million for Fifth Fund

Madrona Venture Group, an early backer of Inc., raised a $300 million fund for investments in technology startups, said two people familiar with the matter.

The firm will introduce its fifth fund later this week, said the people, who declined to be named because the closing hasn’t been announced. Madrona’s previous fund raised $250 million four years ago.