Jack Leeney, US head of investing for Telefonica Ventures, the corporate venturing unit of the eponymous Spain-based phone operator, has left after nearly five years at the firm in order to be a partner at SP Global Capital.

SP is an independent growth technology fund founded by SP Global Capital and backed by ProSiebenSat.1, a Germany-based media group. ProSiebenSat.1 has been making corporate venturing deals through its SevenVentures unit, led by Sascha van Holt in Munich.

Leeney, a former…