Next47

Founded 2016

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This summary is composed by our algorithm based on the analysis of the deals. If you think that some of this information is not accurate, please let us know about it and provide any supporting evidences if possible. Such cases will be analyzed by our ML-algorithm and implemented in our database, which will improve this summary.
Total investments 210
Average round size
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The average size of a deal this fund participated in
$18M
Portfolio companies 155
Rounds per year 42.00
Lead investments 46
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.35
Exits 52
Key employees 13
Stages of investment
Early Stage Venture
Late Stage Venture

Areas of investment

  • Software
  • Manufacturing
  • Information Technology
  • Enterprise Software
  • Wireless
Summary

In 2016 was created Next47, which is appeared as VC. The fund was located in North America if to be more exact in United States. The leading representative office of defined VC is situated in the Palo Alto.

Among the most popular portfolio startups of the fund, we may highlight ChargePoint, Fair, Sila Nanotechnologies. The fund has no exact preference in some founders of portfolio startups. If startup sums 5+ of the founder, the chance for it to be financed is low. We can highlight the next thriving fund investment areas, such as Enterprise Software, Biotechnology. For fund there is a match between the country of its foundation and the country of its the most frequent investments - United States. Besides, a startup needs to be aged 6-10 years to get the investment from the fund.

Comparing to the other companies, this Next47 performs on 2 percentage points less the average number of lead investments. The average startup value when the investment from Next47 is 100-500 millions dollars. The fund is generally included in 7-12 deals every year. The top amount of exits for fund were in 2019. Speaking about the real fund results, this VC is 7 percentage points more often commits exit comparing to other organizations. The usual things for fund are deals in the range of 10 - 50 millions dollars. The high activity for fund was in 2014.

Besides them, we counted 13 critical employees of this fund in our database.

The standard case for the fund is to invest in rounds with 4-5 partakers. Despite the Next47, startups are often financed by Morgenthaler Ventures, Star Ventures, Rembrandt Venture Partners. The meaningful sponsors for the fund in investment in the same round are U.S. Venture Partners (USVP), TVM Capital, Star Ventures. In the next rounds fund is usually obtained by Cipio Partners, New Enterprise Associates, U.S. Venture Partners (USVP).

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Related Funds

Funds investing in previous rounds
These funds often invest in the rounds preceeding the rounds of Next47:
Typical Co-investors
Next47 is more likely to invest in rounds together with the following funds:
Funds investing in following rounds
These funds have a tendency to invest in the following rounds after Next47:

Funds with similar focus

Funds from United States, Palo Alto
Funds with similar focus located in United States, Palo Alto:
Funds with the same geo focus
Funds with similar geography of portfolio companies:
Funds doing lead investments
Funds with similar focus acting as lead investors:

Notable deals

CompanyIndustryRoundRound SizeDateInvestorsLocation

Brilliant

Consumer Electronics
Digital Media
Home Improvement
Smart Home
1
$40M30 Aug 2021 United States, " United States"}

Apollo

Developer APIs
Developer Platform
Developer Tools
Enterprise Software
Open Source
Software
Web Apps
1
$130M17 Aug 2021 United States, San Francisco

Aforza

1
$22M12 Aug 2021 Germany, " Germany"}

75F

Artificial Intelligence
Electronics
Energy
Energy Efficiency
Facility Management
Internet of Things
Property Management
Smart Building
Software
1
$5M16 Jul 2021 United States, " United States"}

Noname Security

Cloud Security
Network Security
Software
1
$60M30 Jun 2021 United States, Palo Alto

VAST Data

Artificial Intelligence
Computer
Data Storage
Software
1
$83M04 May 2021 United States, New York

Sysdig

Cloud Computing
Cloud Security
Cyber Security
Open Source
SaaS
Software
1
$188M28 Apr 2021 United States, San Francisco

Pipe

Finance
Financial Services
FinTech
Trading Platform
n/a
$250M31 Mar 2021 United States, Miami

DataGrail

Compliance
Legal
Privacy
SaaS
Security
1
$30M10 Mar 2021 United States, San Francisco
News
Brilliant Announces $40M Series B Financing
– Brilliant, the leading innovator in smart home control, lighting, and home automation systems, today announced a $40m Series B financing round. – The round was led by Next47 and Celesta Capital with participation by Resideo Technologies, August Capital, Peak State Ventures, Gaingels, and Miramar Ventures. – Founded in 2015, Brilliant’s mission is to accelerate mainstream adoption of smart home living with affordable and user-friendly home control and automation systems. Read more
Apollo GraphQL Raises $130M in Series D Funding
– Apollo GraphQL is a San Francisco, CA-based developer of open source and commercial GraphQL API technologies. – Series D funding was led by Insight Partners with participation from existing investors Andreessen Horowitz, Matrix Partners, Trinity Ventures, Next47 and Hatim Shafique, Chief Customer Officer at DataBricks. – The new investment will be used to accelerate the company’s product development efforts. Read more

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