Next47

Next47 is a prominent venture capital firm with a unique heritage, operating as the independent venture arm of Siemens AG. Launched in 2016, the firm was established with a substantial commitment from its parent company, with Siemens initially pledging €1 billion (approximately $1.1 billion at the time) over five years to fuel its investment activities. Headquartered in Palo Alto, California, Next47 leverages its deep corporate connections to support groundbreaking enterprise entrepreneurs globally, aiming to accelerate their revenue growth by facilitating access to Siemens' vast customer network and industrial expertise.

The firm's investment thesis is sharply focused on industrial and enterprise technology. Next47 actively seeks out companies innovating in areas such as artificial intelligence, cybersecurity, industrial automation, Internet of Things (IoT), and advanced manufacturing. While they participate across various stages, their sweet spot for initial investments typically falls within Series A and Series B rounds, targeting companies that have demonstrated initial product-market fit and are poised for significant scaling. They aim to be more than just a capital provider, offering strategic guidance and operational support.

Next47's value proposition extends beyond capital, emphasizing its ability to open doors to potential customers and partners within the Siemens ecosystem. This unique advantage provides portfolio companies with unparalleled opportunities for market validation and accelerated commercialization. The firm has built a diverse portfolio, having invested in over 100 companies since its inception, showcasing its broad reach and commitment to fostering innovation in critical technology sectors. Typical first check sizes for Next47 range from approximately $5 million to $20 million, reflecting their focus on meaningful early-to-mid-stage investments that can benefit from their strategic partnership. This approach underscores Next47's role as a strategic investor dedicated to building long-term value for its portfolio companies and for Siemens.