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Madrona Venture appoints new managing director

Madrona Venture Group LLC named Steve Singh as managing director.

Singh served as Madrona Venture's strategic director, working closely on the firm's investment in Clari and serving on the board of Buuteeq, a previous portfolio company of Madrona Venture.

He co-founded and led corporate travel and expense management company Concur Technologies Inc., which was bought by SAP SE in 2014 for $8.3 billion.