JC2 Ventures, a purpose-driven venture capital firm focused on helping global startups to scale, grow and deliver solutions for a digital future, has appointed Pankaj Patel as Partner and Chief Strategy Officer.
Patel previously served as the Executive Vice President and Chief Development Officer for Cisco Systems and was responsible for running and growing multi-billion-dollar products and businesses across service provider and enterprise market segments.
He reported to the CEO as the engineering head of the company’s $36.8 billion product and solution portfolio and drove the business and technology strategy across Cisco’s Routing, Switching, Wireless, Security, Mobility, Video, Collaboration, Data Center and Cloud offerings, delivered by a global team of more than 28,000 engineers.
Pankaj was also responsible for defining the priorities and investment allocation of $6 billion in R&D spend annually. He played a key role in acquiring and helping integrate many start-up companies during his tenure of more than 20 years at Cisco.
At JC2 Ventures, Patel will focus on determining strategic investment areas, as well as working with various startups within the portfolio to help ensure their success in the market and in development. He will also represent JC2 Ventures and its portfolio startups in front of the media, industry stakeholders, partners, and customers.
“After working with Pankaj for more than 20 years, I am thrilled to have him join the JC2 Ventures team as Partner and Chief Strategy Officer,” said John Chambers, Founder and CEO, JC2 Ventures and former Executive Chairman and CEO of Cisco.
“I look forward to working with John again and am energized to join the JC2 Ventures team. John has such unique insights into technology and industry needs, and I admire his hands-on approach to helping his investment companies ensure the best possible outcomes for each startup. Together, we grew Cisco’s revenue from $70 million to approximately $48 billion – let’s see what we can do in this critical era of digital transformation,” said Pankaj Patel.