Steve Singh Joins Madrona As New Managing Director

The co-founder of Concur and an experienced operator, Steve Singh joins Madrona Venture Group as managing director.

FREMONT, CA: Madrona appointed Steve Singh as Managing Director. Singh has co-founded, built, and led Concur from startup to a leader in corporate travel and expense management over two decades. In 2014, Concur was acquired by SAP for $8.3 billion. Singh continued to serve on the Executive Board of SAP, responsible for their Cloud Business Group, and later served the open-source software company Docker, as CEO.

 Managing director of Madrona Venture Group Matt McIlwain says that Steve is a suitable person for their company as he is an exceptional leader and mentor. He is passionate about sharing his many years of company-building experience with outstanding entrepreneurs and their companies. For many years he has been a Madrona Strategic Director, an active and strong investor, and created the Perfect Trip Fund during his time leading Concur. He has already been valuable to their companies and other rapidly growing companies.

Singh is joining the company at an exciting time because Madrona is celebrating its 25th anniversary of making initial investments here in seed and early-stage firms, and the Venture investment in the Seattle area is at an all-time high.

To invest in different companies that have found product-market fit and are looking for partners who can help accelerate their growth, the company has also raised an Acceleration Fund in the past years. Steve has also worked with Madrona on the firm’s recent investment in Clari.

 In recent years Singh is the third managing director appointed in past years with significant operating and company building experience. Madrona is also expanding the investment team. Singh joins S. Somasegar, who was previous Corporate VP at Microsoft of the developer division.

 Additionally, he has also worked for several public and private companies, including Docusign, Talend, WaFd Bank, and Clari.

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