"Tim's experience incubating successful companies like MobileIron and Airespace not only expands our footprint in early stage investing but also broadens our capabilities to assist entrepreneurs at the idea stage of their development," said Barry Eggers, partner at Lightspeed Venture Partners.

DLA Piper, Bell Mason Group, Global Corporate Venturing and Silicon Valley Bank join a non-exclusive initiative to offer complimentary services.

Clareo said each of its four focus areas would have at least two partners committed with Bowman and Bryant responsible for corporate venturing.

Hassid has joined Qualcomm Ventures as a managing director and still based in Israel.

Parry will work with Wade Martin, president of Powdr Enterprises, which provides events, sponsorships and media opportunities, while Sara Lee said Sally Grimes would become chief innovation officer of Hillshire Brands Company.

He previously ran photosharing company Hipster, which AOL bought.