Bill Maris, the chief executive and founder of Alphabet Inc‘s venture arm GV, is leaving the company, Recode reported, citing sources.

Maris, who leaves on Aug. 12, will be replaced by GV Managing Partner David Krane,Recode reported.

A GV spokeswoman declined to comment on the report.

GV, previously known as Google Ventures, was founded in 2009 and has invested in more than 300 companies, including Uber Technologies Inc and online retailer Jet.com, according to GV’s website.

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