Stephen Moore, head of Europe at Motorola Ventures (pictured), has left the US-based mobile phone maker’s corporate venturing unit after the group was split into two following its listed sponsor’s division.
Motorola divided on January 4 into Mobility and Solutions to cover mobile phones and enterprises respectively and its corporate venturing unit has followed the two by splitting its portfolio and concentrating most of its teams back in the US.
Moore, who had headed European deals from the UK for the past 3.5 years after 11 at Motorola, has left the company to provide business development and fundraising advice.
Reese Schroeder, former head of Motorola Ventures, remains head of the Motorola Solutions Venture Capital. Wallace Pai is now running Motorola Mobility Ventures, which retains Mony Hassid as managing director based in Israel as the only overseas representative.
Although both Motorola’s corporate venturing teams are predominantly US-focused they have so far retained the overseas deals done by Moore and his colleagues, including KXEN and Inside Secure.
Motorola Ventures had been one of the largest and most active corporate venturing teams over the past decade having invested more than $500m, including deals such as France-based Sensitive Objects, which was sold for $62m to Tyco Electronics last year.
Moore and Motorola Solutions declined to comment.