David Zilberman has departed from his managing director role at Comcast Ventures, US-based mass media group Comcast’s corporate venturing arm, and joined venture capital firm Norwest Venture Partners (NVP).
NVP announced on Tuesday it has appointed Zilberman as a general partner, a position where he will concentrate on early to late-stage deals for its enterprise and infrastructure investment group.
Comcast Ventures predecessor Comcast Interactive Capital hired Zilberman in 2006, five years before the unit merged with mass media group NBCUniversal’s Peacock Fund, following the latter’s acquisition by Comcast.
Zilberman targeted early-stage developers of cybersecurity, enterprise software and financial services for Comcast Ventures, and his investments included BitSight, Brightside, DocuSign, Lendio, Slack and Vox Media.
Comcast Ventures and NVP have co-invested in companies such as Aporeto, the cybersecurity software producer where Zilberman held a board seat; Modsy, which provides 3D interior design services; and StellaService, the creator of customer service software Stella Connect.
Two other portfolio companies for which Zilberman invested on behalf of Comcast Ventures have been acquired in recent months. Private equity firm EQT Infrastructure purchased cloud datacentre operator EdgeConneX while wireless tower site owner CTI Towers was sold to asset manager Melody Investment Advisors.
Zilberman said: “Norwest has deep roots in areas that I have experience in such as [artificial intelligence], infrastructure, [software as a service] and security and I look forward to building on that foundation and working together to find the next generation of innovative companies.”
The move leaves Comcast Ventures with five general partners: Amy Banse, Gil Beyda, Andrew Cleland, Dinesh Moorjani and Rick Protsko.
Photo of Dave Zilberman courtesy of Norwest Venture Partners.
