About Next47
Next47 is a venture capital firm founded in 1999. It is primarily based out of Palo Alto, United States. As of Aug 2025, Next47 has invested in 248 companies. It primarily invests in Series B round in United States based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to High Tech and Enterprise Infrastructure. Most recently it participated in the $***** Seed round of Aura Sell Overall, Next47 portfolio has seen 18 unicorns, 13 IPOs and 104 acquisitions including key companies like Verkada, ChargePoint and Skydio. A lot of funds co-invest with Next47, with names like Menlo Ventures sharing a substantial percentage of its portfolio. Next47 has team of 15 people including 7 partners.Key Metrics
Team Members
Portfolio Count
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Series A, Series B & 7 more
Portfolio Acquisitions
Portfolio Unicorns
Portfolio Soonicorns
Next47's List of Top Investments
Next47 has a portfolio of 248 companies, including 18 unicorns. Their most notable investments are in Grafbase and Alaiko.Their portfolio spans across United States, Germany, Israel and 15 more locations. They have invested in Enterprise Applications, High Tech, Enterprise Infrastructure and 26 other sectors, across stages such as Series A, Series B and 7 more. Here is the list of top investments by Next47:1. Verkada
Developer of enterprise video surveillance systems and platforms. The platform allows the user to remotely monitor and watch real-time video feeds from the connected cameras. It claims that the cameras and systems require minimal cabling, and no open ports and eliminate the requirement of additional hardware equipment.
Key facts about Verkada
- Founded Year: 2016
- Location: San Mateo (United States)
- Valuation: $*****
- Stage: Series E
- Total Funding till date: $757M
- Employee Count: 2,880 as on Aug 31, 2026
- Investors: Meritech, Glynn Capital and 24 Others
- Latest Funding Round: Series E, Jul 01, 2026, $*****
- Highlight: Editors' Pick
2. ChargePoint
Manufacturer of electric vehicle charging hardware and provider of software. This business produces alternating current and direct current charging stations for residential and commercial use. The software platform enables station management, monitoring of vehicle health, and automated workflows for charging operations. Integration tools allow for data sharing and connectivity with various vehicle systems. Support services include project management, site planning, and maintenance for charging infrastructure.
Key facts about ChargePoint
- Founded Year: 2007
- Location: Campbell (United States)
- Annual Revenue: $100M - $500M as on Jan 31, 2026
- Stage: Public
- Total Funding till date: $554M
- Employee Count: 1,438 as on Aug 31, 2026
- Investors: EG Capital Advisors, Advantas Capital Ventures and 50 Others
- Latest Funding Round: Post IPO, Apr 04, 2022, $*****
- Highlight: Public
3. Skydio
Manufacturer of autonomous drones and related software, services, and accessories. It provides drone platforms, docking stations, attachments, and software for autonomous flight, data capture, and integration. These products serve sectors including public safety, utilities, national security, inspection, transportation, construction, and oil and gas. Services include regulatory and success support, along with developer tools and training.
Key facts about Skydio
- Founded Year: 2014
- Location: San Mateo (United States)
- Valuation: $*****
- Stage: Series F
- Total Funding till date: $825M
- Employee Count: 1,067 as on Aug 31, 2026
- Investors: Greenline, Deep Learning and 37 Others
- Latest Funding Round: Series F, Apr 28, 2026, $*****
- Highlight: Editors' Pick
4. Observe.AI
Provider of AI-powered conversation intelligence and automation for contact centers. It offers a platform that uses AI to analyze customer interactions, providing insights for improved agent performance, operational efficiency, and customer experience. Key features include real-time agent assistance, automated quality assurance, and AI-powered agents for handling high-volume calls. The platform integrates with existing contact center technologies and provides comprehensive reporting and analytics. This allows businesses to optimize their contact center operations and improve customer satisfaction.
Key facts about Observe.AI
- Founded Year: 2017
- Location: Redwood City (United States)
- Valuation: $*****
- Stage: Series C
- Total Funding till date: $214M
- Employee Count: 349 as on Aug 31, 2026
- Investors: Steadview, Nexus Venture Partners and 23 Others
- Latest Funding Round: Series C, Apr 12, 2022, $*****
- Highlight: Editors' Pick
5. Cohesity
Cloud and AI based enterprise data backup and management solutions. It provides a hardware data platform encompassing potent data storage and management with analytics for actionable insights that can be used by DevOps. It also offers solutions such as data protection and deduplication cloning, ransomware recovery, data management solutions, and more.
Key facts about Cohesity
- Founded Year: 2013
- Location: San Jose (United States)
- Valuation: $*****
- Stage: Series F
- Total Funding till date: $810M
- Employee Count: 7,806 as on Aug 31, 2026
- Investors: Founders Circle Capital, Harmony Venture Partners and 57 Others
- Latest Funding Round: Series F, Mar 18, 2024, $*****
- Highlight: Editors' Pick
Next47's Year-on-Year Investment Trends
Next47 has invested in 249 companies over the last 27 years, with an average of 7 new investments annually in the last 10 years. In 2025, it made 6 investments. Its most recent first time investment was in Aura Sell and most recent follow-on round was in BuildOps.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 3 | 3 | 6 |
2024 | 4 | 1 | 5 |
2023 | 2 | 3 | 5 |
2022 | 6 | 7 | 13 |
2021 | 11 | 7 | 18 |
2020 | 8 | 6 | 14 |
2019 | 11 | 4 | 15 |
2018 | 12 | 0 | 12 |
2017 | 7 | 0 | 7 |
Next47's Investments by Stage
Next47 has made 56 investments in Series A stage with an average round size of $13.2M, 53 investments in Series B stage with an average round size of $24.5M and 24 investments in Series C stage with an average round size of $36.5M.Stage of entry | No. of Investments |
|---|---|
Series A | 56 |
Series B | 53 |
Series C | 24 |
Series D | 16 |
Seed | 8 |
Others | 10 |
Note: We have considered here, only first round of investments
Next47's Investments by Sector
Next47 has a diverse portfolio, with companies operating in the Enterprise Applications, High Tech, Enterprise Infrastructure, Energy Tech and Sustainability Tech. Notably, it has invested in 201 Enterprise (B2B) companies, 188 Tech companies, 137 Software companies and at least 66 companies focusing on Saas.Sector | No. of Investments |
|---|---|
Enterprise Applications | 90 |
High Tech | 50 |
Enterprise Infrastructure | 35 |
Energy Tech | 24 |
Sustainability Tech | 24 |
Others | 216 |
Note: We have considered here, only first round of investments
Next47's Investments by Geography
Next47 has made most investments in United States (119), followed by Germany where it has made 18 investments.Country | No. of Investments |
|---|---|
United States | 119 |
Germany | 18 |
Israel | 10 |
United Kingdom | 7 |
Canada | 5 |
Others | 13 |
Note: We have considered here, only first round of investments
Next47's recent investments
Next47 has not made any investment in 2026 so far.Here are the most recent investments by Next47:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Aug 27, 2025 | United States | Seed | 9810 | [+1] | |
Jul 09, 2025 | United States | Series A | 1250 | [+4] | |
Mar 21, 2025 | United States | Series C | 4365 | [+11] | |
Feb 27, 2025 | United States | Series C | 7876 | [+4] | |
Feb 24, 2025 | United States | Series A | 4228 | [+4] |
Unicorns in Next47's Portfolio
Next47 has 18 unicorns in its portfolio - PhysicsX, Gecko Robotics, BuildOps and others. The most recent unicorn in their portfolio is PhysicsX. It became a unicorn in 2026.Here is a list of unicorns in Next47's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
64 | Developer of artificial intelligence software for complex industrial engineering workflows | 2020 | London | Series C | hwzhogf | ||
59 | AI and robotics for infrastructure inspection, maintenance, and operational excellence | 2013 | Pittsburgh | Series D | rmvvzw{ | ||
70 | Software solution for facility management and commercial contractors | 2018 | Santa Monica | Series C | qesekot | ||
59 | Artificial intelligence based antivirus solution provider | 2021 | - | Series C | laibqod | ||
65 | Provider of cloud security platform delivering threat detection and response | 2013 | Davis | Series G | pnabokn |
IPOs and Publicly Listed companies in Next47's Portfolio
13 of Next47's portfolio companies have become public. LanzaTech got listed on the National Association of Securities Dealers Automated Quotations (NASDAQ), in Feb 2023 and Aeva got listed on the National Association of Securities Dealers Automated Quotations (NASDAQ) at marketcap of $271M.Here are Next47's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Feb 10, 2023 | Dec 08, 2014 | Series D | 4311 | |
Feb 04, 2020 | - | - | 8905 | |
Sep 20, 2019 | Feb 01, 2010 | Series B | 9752 | |
Jul 26, 2018 | Jun 14, 2006 | Series A | 6935 | |
Dec 17, 2015 | Dec 21, 2012 | Series A | 3903 |
Acquired companies in Next47's Portfolio
104 companies from Next47's portfolio have been acquired. The most recent acquisition was Pando in Aug 2026 by Fleetx for $*****.Here are Next47's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Aug 20, 2026 | Jan 13, 2020 | Series A | 2028 | |
Jun 17, 2026 | - | - | 4678 | |
Dec 03, 2025 | Aug 06, 2015 | Series B | 2385 | |
Oct 06, 2025 | Jan 20, 2020 | Series B | 1817 | |
Apr 28, 2025 | Nov 01, 2017 | Series C | 1038 |
Team profile of Next47
Next47 has a team of 15 members including 7 Partners, 2 Venture Partners and 3 Principals located in United States, United Kingdom and 2 more locations. Next47's team sits on the board of 1 company.Here is a list of top team members in Next47:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | United States | |||
Partner | Munich | - | ||
Partner | Los Altos | - | ||
Partner | Israel | - | ||
Partner | Palo Alto | - | ||
Partner | London | - | ||
Partner | Palo Alto | - | ||
Venture Partner | San Francisco | - |
Co-investors of Next47
Over the past 27 years, 1161 investors have co-invested in Next47's portfolio companies. This includes funds and angels.
- Invested before Next47: Bessemer Venture Partners, Y Combinator and 459 others have invested in rounds before Next47. There are 7 companies where Bessemer Venture Partners has invested before Next47 and 6 companies where Y Combinator has invested before Next47.
- Top Co-investors of Next47: 321 investors entered a company along with Next47. These include investors like Menlo Ventures (4 companies).
- Invested after Next47: A total of 379 investors have invested in Next47's portfolio after their investments. Top Investors include Europa (9 companies), Siemens (5 companies) and Insight Partners (4 companies).
Recent News related to Next47
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Luminary Cloud Secures $72M to Enhance AI-Powered Physical Product DesignSiliconAngle•Sep 15, 2025•Luminary Cloud, N47, Nvidia, Next47 and 1 other
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Aurasell raises $30M to challenge Salesforce with AI CRMTech Funding News•Aug 29, 2025•Unusual Ventures, Next47, Menlo Ventures
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Nominal Secures $20M Series A to Power Financial Operations With AI AgentsNewswire•Jul 09, 2025•Nominal, Next47, Workday Ventures, Bling Capital and 1 other
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Ex-Cognigo Founders Raise $20M Series A for AI Automation at CFOsCTech•Jul 09, 2025•Nominal, Next47, Workday Ventures, Bling Capital and 3 others
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BuildOps Lands $127M Series C, Expanding the Largest Commercial Trade Contractor Platform in the CountryMiami Herald•Mar 21, 2025•BuildOps, Meritech, SE Ventures, Bond Capital and 9 others
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Skylo Raises $30m In Oversubscribed Funding Round To Scale Direct-to-device Satellite Service WorldwideBusiness Wire•Feb 27, 2025•Skylo, Intel Capital, BMW i Ventures, Samsung Catalyst Fund and 12 others
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US GenAI patent workflow platform Patlytics raises $14m Series ALegaltechnology•Feb 24, 2025•Patlytics, Next47, 8VC, Alumni Ventures and 2 others
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Patlytics Secures $14 Million Series A Funding Led by Next47Business Wire•Feb 24, 2025•Next47, Patlytics, Gradient Ventures, 8VC and 20 others
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USA Patlytics Raises $14M in Series A FundingFinSMEs•Feb 24, 2025•Patlytics, Next47, Gradient Ventures, 8VC and 3 others
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Verkada Raises $200M in Series E FundingFinSMEs•Feb 19, 2025•Verkada, General Catalyst, Eclipse Ventures, Alkeon Capital Management and 12 others
