Jonathan Faerber, chief financial officer of corporate venturing unit GV, has moved to venture capital firm Section 32 where he will take the same position, Axios reported on Monday.
Faerber had been CFO at GV, a subsidiary of internet and technology provider Alphabet that was previously known as Google Ventures, since it was being set up in 2008. He had been at Google since 2004 when he was hired as a senior financial analyst.
Prior to taking the CFO role at GV, Faerber oversaw merger and acquisition deals as a senior finance manager between 2009 and 2015. He also managed the finance team for Alphabet’s growth equity unit, CapitalG, for two years up to December 2016.
Section 32 was launched by Bill Maris, founding managing partner of GV, in May 2017 with $150m of capital, nine months after he left GV. The firm has so far backed about a dozen companies including Coinbase, Auris Health and Kobalt.
In addition to Maris and Faerber, Section 32’s president and general counsel, Jennifer Kercher, had previously been general counsel at GV, while chief of staff Lindsey Acharya was an administrative business partner at the unit.