The noted Seattle venture capital company says it plans to continue its past practice of investing in software and tech companies, most of them in the Pacific Northwest and in their early stage of development.

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Madrona Venture Group announced Thursday that it has closed a new, oversubscribed $300 million fund, boosting Madrona’s total funds raised to nearly $1.3 billion.

 Madrona Venture Fund VI is the firm’s sixth and, according to Len Jordan, a managing director at Madrona, it will retain an investment strategy consistent with Madrona’s overall focus.

 “The vast majority of the companies we invest in are in the Pacific Northwest, they’re early stage, and they’re generally software or technology-oriented companies in sectors like the cloud, software-as-a-service, mobile and consumer,” Jordan said.

 According to company data, the firm’s fifth fund was announced in June 2012 and amounted to $300 million. So far, it has been used to invest in 26 companies and has not been depleted yet.

Some of the companies that Madrona used its fifth fund to invest in include advertising-metrics company iSpot.tv, radar-technology developer Echodyne and data-center technology company Igneous Systems.

 In a news release, Madrona said it focuses on investing in startups at the seed and Series A rounds, and that more than 90 percent of its invested capital goes to companies based in the Pacific Northwest.  

“The Pacific Northwest is one of the most innovative and important tech markets in the world, with incredible talent, companies and technology,” Matt McIlwain, also a managing director at Madrona, said in the release. “With this new fund we look forward to that continuing for many years to come.”

Notable companies that Madrona has invested in include online-software company Smartsheet, real-estate company Redfin and online-advertising company MaxPoint Interactive.

 Jordan said that Madrona does not name its investors, but that they include endowments, institutions, foundations, charitable organizations and entrepreneurs.

 The year 2015 has proved to be an eventful year for Madrona. The firm announced the addition of three new strategic directors in March: John McAdam, CEO of F5 Networks, Sujal Patel, co-founder and former CEO of Isilon Systems and Steve Singh, CEO of Concur and a member of the SAP Global Managing Board.

Additionally, the firm is celebrating its 20th anniversary this year.

“I think the next 20 years is about us just continuing to do more of what we’ve been doing, but doing it in an ecosystem that is just more rich and more vibrant and broad, in terms of the different bases of talent and companies that we can pull from,” Jordan said.