Mike Majors has left Siemens Venture Capital, the corporate venturing subsidiary of appliance and industrial product manufacturer Siemens, where he was a managing partner, to join venture capital firm Data Point Capital.
Majors had been a partner at Siemens Venture Capital since 2010. He headed the unit’s $100m Industry of the Future Fund, which he co-founded in early 2014 to fund early-stage manufacturing and industrial automation technology developers.
Siemens investments in which Majors had played a role include cybersecurity company Wurldtech, which was acquired by General Electric in 2014, collaborative cloud platform Lagoa, which was bought by design software producer AutoDesk the same year, and data protection company Digital Guardian, which raised $66m in late 2015.
Majors was a venture partner at VC firm Brand Equity Ventures for almost eight years from 2000 and also spent a year as chief financial officer of digital media company Visible World for 18 months before taking a venture partner role at StarVest Partners, from which he joined Siemens.
Data Point, which invests in companies that can be scaled on the internet, has appointed Majors as managing partner. Scott Savitz, founder and managing partner of Data Point Capital, said: “I could not be happier to have Mike join our group.
“His career track record as an investor and as an operator is top notch. It will be wonderful to work alongside someone who is not only so highly regarded by the investment community, but is seen as such a terrific partner by the founders he has invested in.”
– Photo of Mike Majors courtesy of LinkedIn