Investor Profile: Next47 — Thesis, Cheque Size & How to Apply

At a glance

Next47 funding comes from Siemens' venture capital arm — a firm that has now rebranded as N47 (live at n47.com). Founded in 2016 as a separate Siemens unit with €1 billion in funding for its first five years, N47 is an independent, global venture firm that invests "when the product speaks loudest" — before the buzz and the metrics — partnering with bold builders and helping them grow from belief to scale. It backs enterprise-focused founders across the US, Europe and Israel.

Thesis

The name next47 plays on the fact that Siemens was founded in 1847; the unit was created to couple startup agility with Siemens' global customer base, technical experience and financial strength. The current N47 positioning is product-first: "long before the headlines, there's just you and the product" — the firm partners with builders who begin with insight and move with urgency, and describes itself as a specialist firm rather than a "supermarket VC", concentrating high attention on a smaller number of companies.

Sectors & stages

At founding, next47's innovation fields were artificial intelligence, autonomous machines, decentralised electrification, networked mobility and blockchain applications. Today the focus reads as enterprise-first: SaaS, AI and deep tech for industry. It invests from the earliest product stage through expansion — independent trackers note an average round investment of about $46.35 million and roughly 2.5 deals per year, reflecting a concentrated, high-conviction style.

Fund size & cheque size

Siemens allocated €1 billion to next47 for its first five years (from October 2016). Current assets under management are not stated on the firm's site, and individual cheque sizes are not publicly disclosed — the ~$46.35M average round figure (per Nordic9) describes rounds the firm participates in, not its own cheque.

Notable portfolio

Portfolio names on the record include Euno (the enterprise-AI company featured in N47's own "why we invested" writing), Sona, Encord and Harmonic Security. Siemens noted at launch that it had previously invested over €800 million in roughly 180 startups, was in contact with over 1,000 startups a year, and launched around 20 cooperative ventures annually — the pipeline N47 was built to professionalise.

Partners / team

N47's site keeps the spotlight on its community of builders rather than publishing a partner roster, and named team details could not be verified from the sources read for this profile — so they are omitted here rather than guessed.

Programs & perks

The firm's edge is the Siemens relationship: access to international markets, a global customer base and deep technical experience, which it uses to catalyse portfolio companies' growth. N47 also runs a community content programme — podcasts and perspectives from its investors — aimed at founders navigating early product and go-to-market decisions.

How to apply for funding from Next47

N47 publishes no public pitch form. Its homepage points founders to a "For Builders" section — note that at the time of writing this link resolved to a defunct LinkedIn page, so the practical route is a warm introduction or direct outreach to the investment team via n47.com. Come with a product that already speaks: the firm's stated sweet spot is pre-buzz, pre-metrics, product-first builders.