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Next47 is a venture capital firm founded in 2016 and based in Silicon Valley, California. Originally established as Siemens Venture Capital, it has transitioned into a hybrid model that integrates corporate venture capital with independent financial investing. The firm manages approximately $1.2 billion in assets under management (AUM) and focuses on early-stage technology companies, particularly in the B2B enterprise and industrial technology sectors.
Next47 has a total of six portfolio companies and emphasizes a product-first approach in its investment strategy. The firm leverages its connection to Siemens to provide portfolio companies with strategic access to a vast customer base and distribution channels. This unique positioning allows Next47 to enhance growth opportunities for its investments, particularly in sectors such as SaaS, industrial, energy, logistics, and proptech.
Headquartered in Palo Alto, California, Next47 also has a presence in Europe and Israel, reflecting its global investment strategy. The firm has made significant strides since its inception, focusing on innovative technologies that are reshaping traditional industries.
Next47 primarily invests in early-stage technology companies, specifically at the Series A and Series B stages. The firm targets a diverse range of sectors, including SaaS, industrial technology, energy, logistics, and proptech. Check sizes typically range from $2 million to $40 million, allowing for substantial investment in promising startups.
The firm emphasizes a product-first approach, seeking companies that demonstrate compelling product offerings and innovative solutions. Next47's investment strategy is heavily influenced by its backing from Siemens, which provides not only capital but also strategic access to industrial markets. This relationship enables portfolio companies to benefit from Siemens' extensive customer network and domain expertise, enhancing their market penetration and growth potential.
Next47's geographic focus includes North America and Europe, with plans to expand into Israeli high-tech markets. The firm is particularly interested in companies that are transforming traditional industries through advanced technologies, making it a valuable partner for startups looking to innovate.
Next47's portfolio includes several notable companies that exemplify its investment strategy:
These companies reflect Next47's focus on innovative technologies and its commitment to supporting startups that are shaping the future of various industries.
Jürgen Hase: CEO of Next47, Jürgen has extensive experience in venture capital and corporate strategy. He has played a pivotal role in transitioning Next47 from Siemens Venture Capital to an independent investment firm.
Kathy Hsu: Partner at Next47, Kathy brings a wealth of experience in technology investments and has been instrumental in identifying promising startups in the firm's focus sectors.
Michael Hsu: Partner at Next47, Michael specializes in early-stage investments and has a strong background in operational support for portfolio companies.
Michele Hsu: Partner at Next47, Michele focuses on strategic partnerships and market access for portfolio companies, leveraging her extensive network in the industrial sector.
To pitch to Next47, founders should use the application portal available on their website at next47.com. It is important to include a comprehensive deck that outlines the business model, market opportunity, and product differentiation. Next47 values clarity and detail in presentations.
Response times can vary, but founders should expect to hear back within a few weeks. Warm introductions are preferred, as they can facilitate a more favorable review process.
In 2024, Next47 partnered with Encord, a data development platform for computer vision and multimodal AI teams. This investment aligns with Next47's focus on innovative technologies.
In 2022, Next47 invested in Tractian, a company that uses AI to predict equipment failures, enhancing maintenance strategies. This investment reflects the firm's commitment to supporting companies that leverage AI for industrial applications.
Next47 has also been actively expanding its portfolio, with notable investments in companies like BuildOps and VAST Data, which focus on AI-powered solutions in their respective fields.
What are Next47's investment criteria?
Next47 invests in early-stage technology companies, particularly at the Series A and Series B stages. The firm focuses on sectors such as SaaS, industrial technology, energy, logistics, and proptech. They look for companies with compelling product offerings and innovative solutions.
How can I apply or pitch to Next47?
Founders can pitch to Next47 through their website at next47.com. It is advisable to include a detailed deck that outlines the business model, market opportunity, and product differentiation.
What makes Next47 different from other venture capital firms?
Next47 combines the strengths of corporate venture capital with independent financial investing. Their strategic backing from Siemens provides portfolio companies with access to a vast customer network and distribution channels, enhancing growth opportunities.
What is the geographic scope of Next47's investments?
Next47 primarily invests in North America and Europe, with plans to expand into Israeli high-tech markets. This broad geographic focus allows them to tap into diverse innovation ecosystems.
What is the typical check size for investments?
Next47 typically invests between $2 million and $40 million in its portfolio companies, allowing for significant capital support at critical growth stages.
What kind of post-investment involvement does Next47 have?
Next47 provides ongoing support to its portfolio companies through access to Siemens' resources, customer networks, and domain expertise, which can be crucial for scaling operations and market entry.
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