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Seattle enterprise capitalist Daniel Li leaves Madrona to launch new startup Plus, which simply raised $5.5M

Seattle venture capitalist Daniel Li leaves Madrona to launch new startup Plus, which just raised $5.5M


Chloe Qi and Dan Li, co-founders of Plus. (Plus and Madrona Images)

Daniel Li is leaving Seattle enterprise capital agency Madrona Enterprise Group to launch a brand new startup.

Li, who joined Madrona in 2015 and was promoted to companion in January, is main a brand new firm referred to as Plus. He’s joined by Chloe Qi, a former colleague at Boston Consulting Group who beforehand labored at Bay Space startup Webflow.

The co-founders aren’t sharing a lot concerning the new startup, which Li stated “sits squarely on the middle of two of my core funding themes at Madrona: no code/low code and ‘multiplayer’ productiveness.’”

“The objective for the preliminary product is constructing a simple manner for purchasers to see and share dwell knowledge from another instrument,” he added.

The corporate raised a $5.5 million seed spherical from Madrona and Optimistic Sum. Different backers embody founders and CEOs from firms comparable to Smartsheet, Evernote, Auth0, Qumulo, and Rec Room.

Li, who additionally writes the DL publication about Pacific Northwest startups, stated he’ll “nonetheless be a part of the Madrona household” and stay a enterprise companion on the agency, which raised $345 million for its eighth fund in December.

Li spoke concerning the energy of on-line communities and his different favourite funding themes on a latest GeekWire podcast, 2025: At present, Tomorrow. Pay attention under, and subscribe to 2025: Tomorrow, At present in any podcast app to catch future episodes. 



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Written by LessDaily.Com

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