Madrona Venture Group announced today that it has hired former Docker CEO Steve Singh as a managing director at the firm.
Singh stepped down as CEO of Docker last May and Seattle-based Madrona seems like a logical landing spot. He is a longtime resident of Seattle, and has been working behind the scenes with Madrona for many years as a strategic director and angel investor, according to the firm.
Singh says that while there are a number of areas he's interested in, he wants to concentrate on intelligent applications in the enterprise. "While there are a number of broad themes we are excited about, I am particularly passionate about the potential of intelligent applications to transform business and our lives. Next-generation, cloud-native application companies such as Clari, HighSpot and Amperity have incredible opportunities to solve large-scale business challenges and become multi-billion-dollar businesses," he said in a statement.
He certainly has broad enterprise experience. Beyond Docker, he was chairman and CEO at Concur for more than 20 years, and oversaw the company's sale to SAP in 2014 for a hefty $8.3 billion. In addition, he sits on a variety of boards, including Clari, Talend, DocuSign and others.
Holger Mueller, an analyst with Constellation Research, says it was clear Singh wouldn't stay on the sidelines for long with "Retired" on his LinkedIn profile. "Given Singh's experience and connections, we expect him to be a force to be reckoned with in the VC space," he told TechCrunch.
Singh joins S. Somasegar, who was a former corporate vice president at Microsoft, and Hope Cochran, who was a longtime CFO and helped take a couple of companies public, as managing directors added at the firm in recent years.
Madrona is celebrating its 25th anniversary in business this year, and can boast that one of its earliest investments was a Series A for a little Seattle startup called Amazon.