Siemens next47
UnclaimedAt a Glance
- Check Size
- $2M – $50M
- Stage
- Series A, Series B+
- AUM
- $1B
- Sectors
- AI, Deeptech, Enterprise +1
- Founded
- 2016
- HQ
- Palo Alto, CA
About Siemens next47
Siemens next47 is a venture capital firm based in Munich, Germany founded in 2016. We invest when the product speaks loudest —before the buzz and the metrics, when the truest expression of potential is the product itself. That’s when we partner with bold builders, those who begin with insight and move with urgency, and help them grow from belief to scale.
The firm focuses on Series A, Series B+ investments across sectors including AI, Deeptech, Enterprise, Climate. The firm manages $1B in assets under management. Notable portfolio companies include Zucchetti Centro Sistemi, Iguazio, Meshh, Energy Web Chain, Claroty, Enlighted, Cityzenith and INGU Solutions. Investing in entrepreneurs who are building the technologies that will define the next era of industrial transformation and digitalization.
Investment Thesis
“Investing in entrepreneurs who are building the technologies that will define the next era of industrial transformation and digitalization.”
Leadership Team
Lakshmikanth Ananth, known as Lak Ananth, was appointed to head next47 effective November 15, 2016, weeks after the unit formally launched, and serves as chief executive and global managing partner. He came from Hewlett Packard Pathfinder, the venture capital program at Hewlett Packard Enterprise, and has since written on anticipating failure as a discipline for technology operators. The firm employs roughly 62 people across three continents, working from Palo Alto and offices in the United States, Europe and Israel, and has begun using the shortened N47 brand alongside the original name. Because next47 draws on an evergreen commitment from Siemens rather than limited partner funds, its partners carry no fundraising cycle and hold decision rights independent of the Siemens operating businesses, which is the structural feature the firm leads with when competing against conventional venture funds for enterprise deals.
Firm Type
Sector Focus
Investment Stage
Notable Portfolio Companies
View full portfolio →Fund History
- Siemens established next47 as a separate unit effective October 1, 2016, consolidating venture programs the parent had run for decades into one independent firm and committing EUR 1 billion, roughly $1.1 billion, over the first five years.
- The name is a reference to 1847, the year Siemens was founded.
- The vehicle is evergreen rather than a series of numbered vintages, and the firm now describes itself as a $1.2 billion independent global venture firm backed by Siemens AG. The independence is structural, not cosmetic: investment decisions sit with next47's own partners, and portfolio companies carry no obligation to prioritize Siemens as a commercial partner, a separation maintained since the 2016 restructuring.
- Cumulative activity runs to roughly 248 companies, 16 of which have reached unicorn valuations, with 12 public exits.
- The firm concentrates on enterprise businesses, most often at Series B, with the largest share of capital going to United States companies.
Frequently Asked Questions
What stage does Siemens next47 invest at?
Siemens next47 primarily invests at the Series A, Series B+ stages. This means they focus on companies that are scaling their go-to-market after proving product-market fit.
Where is Siemens next47 located?
Siemens next47 is headquartered in Palo Alto, CA. Many of their portfolio companies are also based in this region, though they invest across geographies.
What sectors does Siemens next47 focus on?
Siemens next47 focuses on investments in AI, Deeptech, Enterprise, Climate. Their portfolio reflects deep expertise and networks within these sectors.
What is Siemens next47's typical check size?
Siemens next47's typical investment check size ranges from $2M to $50M. Actual amounts may vary based on the stage, sector, and specific opportunity.
How much does Siemens next47 have under management?
Siemens next47 manages approximately $1B in assets under management (AUM) across their funds.
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