Press release

Next47 Hires Paul Patterson as Vice President of Revenue

Sponsored by Businesswire

Next47, a global venture firm that partners with enterprise entrepreneurs, today announced the appointment of Paul Patterson as Vice President of Revenue. Patterson brings more than two decades of sales leadership experience, and will lead the firm’s global Go-to-Market team, responsible for guiding entrepreneurs along an accelerated track to predictable, repeatable revenue.

“Paul is an extraordinary sales professional who has demonstrated a unique ability to build successful sales teams at start-ups and established enterprise companies. We are thrilled to have him as part of our team and we’re confident his knowledge will be invaluable to our partners who trust Next47 to play an integral role in their business development and global scale,” said Lak Ananth, Chief Executive Officer and Managing Partner of Next47.

Patterson was most recently at NetApp where he managed over $1.1 billion in revenue across four regions and also is a member of the Board of Advisors at Raindrop Systems Inc., an AI/ML powered enterprise SaaS solution. Prior to NetApp he launched and built foundational SaaS organizations that have led to seven company acquisitions.

Enterprise technology — especially SaaS — has been at the crux of his entire career. At Next47, his team’s primary goal will be to help B2B entrepreneurs realize revenue, expand globally and obtain the industry and business expertise needed to drive revenue.

“Venture firms are very good at understanding the business and making introductions, but that’s not always enough to drive revenue for start-ups,” said Patterson. “With this new role, I’m ready to push entrepreneurs toward a trajectory where they can see revenue growth more quickly than they would without a strategic venture partner led by entrepreneurs with a deep understanding of sales processes.”

About Next47

Next47 is a global venture capital firm backed by Siemens AG that invests in, and partners with entrepreneurs who think big and build category leading companies. With offices in the US, Europe, and Israel, Next47 gives start-ups unparalleled access to one of the world’s largest portfolios of customers in the areas of industry, energy and infrastructure as well as domain expertise in the deep technologies that impact those customers. Visit for more information.