Sanjit Singh Dang, investment director at semiconductor and data technology provider Intel’s corporate venturing unit Intel Capital since 2009, has left to set up a corporate-focused venture capital service.
Singh Dang has co-founded U First Capital as chairman with partner Ekta Dang, who is CEO. It will assist corporations in accessing external innovation through tie-ups with entities such as startups and universities.
At Intel Capital, Singh Dang’s deals included Body Labs (acquired by Amazon), Maginatics (acquired by EMC), ElasticBox (acquired by CenturyLink), and Voke VR, Basis Science and SaffronTech, all of which were bought by Intel, as well as DocuSign, which floated earlier this year.
Before joining Intel Capital, Singh Dang had worked as an engineer at the chipmaker for nine years. His departure comes as part of a drive by the unit to reorganise and cut its investment team in order to concentrate on fewer, larger investments.
Photo of Sanjit Singh Dang courtesy of Cyberlaunch.vc.
