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The Venture Codex

Next47

537 Hamilton Ave, 2nd Floor, Palo Alto, CA, 94301, United States

Overview

Global venture firm investing in early-stage product potential.

Deals ยท 12mo

8

Links

WebsiteLinkedInX (Twitter)

Stage focus

Series A
Series B
Series C

Geographic focus

Germany
United States

Sector focus

Advice
Financial Services
FinTech
Venture Capital

Investment portfolio

92rounds
NAMEDATESIZE
Euno
Sep 2026Led
$23 MSeries A
Enzo Health
May 2026Led
$20 MSeries A
Patlytics
Apr 2026Participated
$40 MSeries B
Sona
Apr 2026Led
$45 MSeries B
Kai
Mar 2026Participated
$125 MSeries A
Encord
Feb 2026Participated
$60 MSeries C
XBuild
Jan 2026Led
$19 MSeries A
Echo
Dec 2025Led
$35 MSeries A
Aurasell
Aug 2025Participated
$30 MSeed
Nominal
Jul 2025Led
$20 MSeries A
BuildOps
Mar 2025Participated
$127 MSeries C
Skylo
Feb 2025Participated
$30 MOther Equity
Euno
Sep 2026Led
$23 MSeries A
Enzo Health
May 2026Led
$20 MSeries A
Patlytics
Apr 2026Participated
$40 MSeries B
Sona
Apr 2026Led
$45 MSeries B
Kai
Mar 2026Participated
$125 MSeries A
Encord
Feb 2026Participated
$60 MSeries C
XBuild
Jan 2026Led
$19 MSeries A
Echo
Dec 2025Led
$35 MSeries A
Aurasell
Aug 2025Participated
$30 MSeed
Nominal
Jul 2025Led
$20 MSeries A
BuildOps
Mar 2025Participated
$127 MSeries C
Skylo
Feb 2025Participated
$30 MOther Equity
92
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Insights

Time horizon

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Deal Distribution

Next47: 92 funding rounds are recorded in the selected participation categories.All available history.
Next47: 92 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed12
Series A186
Series B1119
Series C+228
Other Equity23

Monthly Deal Activity

Next47: 92 deals are recorded across 109 months.All available history.
Next47: 92 deals are recorded across 109 months. All available history
MonthDeals
Oct '171
Nov '171
Dec '170
Jan '181
Feb '181
Mar '180
Apr '182
May '180
Jun '181
Jul '181
Aug '182
Sep '180
Oct '182
Nov '181
Dec '180
Jan '191
Feb '190
Mar '192
Apr '194
May '191
Jun '191
Jul '192
Aug '190
Sep '191
Oct '191
Nov '190
Dec '191
Jan '203
Feb '200
Mar '200
Apr '202
May '200
Jun '201
Jul '202
Aug '200
Sep '202
Oct '200
Nov '200
Dec '202
Jan '210
Feb '212
Mar '211
Apr '211
May '211
Jun '212
Jul '211
Aug '213
Sep '210
Oct '210
Nov '213
Dec '212
Jan '222
Feb '220
Mar '221
Apr '220
May '222
Jun '220
Jul '221
Aug '220
Sep '224
Oct '222
Nov '220
Dec '220
Jan '230
Feb '232
Mar '230
Apr '230
May '231
Jun '230
Jul '230
Aug '231
Sep '230
Oct '230
Nov '231
Dec '231
Jan '240
Feb '241
Mar '240
Apr '240
May '240
Jun '240
Jul '240
Aug '241
Sep '240
Oct '241
Nov '241
Dec '241
Jan '250
Feb '253
Mar '251
Apr '250
May '250
Jun '250
Jul '251
Aug '251
Sep '250
Oct '250
Nov '250
Dec '251
Jan '261
Feb '261
Mar '261
Apr '262
May '261
Jun '260
Jul '260
Aug '260
Sep '261
Oct '260

Sector Breakdown

Next47: Enterprise Software is the largest displayed sector by deal count (48 deals).All available history.

A deal can appear in multiple sectors, so sector totals may overlap. Capital represents disclosed total round sizes, not fund cheque sizes.

Next47: Enterprise Software is the largest displayed sector by deal count (48 deals). All available history
SectorDeals
Enterprise Software48
AI & Machine Learning40
Networks, Cloud & Communication30
Hardware & Robotics27
Cybersecurity & Privacy17
Data, Analytics & IT15
Transportation & Logistics14
Manufacturing13
Real Estate & Construction10
Space & Frontier Tech9
Professional Services9
Marketing & Advertising5
Developer Tools4
AR/VR3
Fintech3
Media & Entertainment3
E-Commerce & Retail2
Clean Energy & Sustainability2
Consumer & Lifestyle2
Health & Life Sciences2
Government & Defense1

Deal Size Distribution

Next47: 92 rounds have a disclosed size in the displayed size bands.All available history.

Undisclosed round sizes are excluded. Capital represents total round sizes, not fund cheque sizes.

Next47: 92 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M1
$5M-$10M4
$10M-$25M19
$25M-$50M34
$50M-$100M18
$100M-$250M14
$250M-$500M2
$500M-$1B0
$1B+0

Deals By Geography

Next47: United States has the largest recorded deal count among the displayed regions (73 deals).All available history.

Top 6 of 6 regions; European countries are grouped as Europe.

Next47: United States has the largest recorded deal count among the displayed regions (73 deals). All available history
RegionDeals
United States73
Europe11
Israel3
941112
Canada2
New Zealand1
Next47: 20 co-investors are shown, with Insight Partners sharing 7 recorded deals.All available history.

Co-Investors

Bubble size = shared deals

Click a bubble to open that fund in a new tab.

Shows up to 20 co-investors ranked by shared deals. Deals may be shared with multiple funds, so rows overlap. Capital is total round size, not fund cheque size.

Next47: 20 co-investors are shown, with Insight Partners sharing 7 recorded deals. All available history
Co-investorShared deals
Insight Partners7
Andreessen Horowitz6
Felicis Ventures6
83North5
DFJ Growth5
IVP5
Matrix5
Third Point Ventures5
Y Combinator5
8VC4
General Catalyst4
Goldman Sachs4
Menlo Ventures4
Meritech Capital Partners4
Point Nine Capital4
Sequoia Capital4
Viola Growth4
Accel3
Bessemer Venture Partners3
BMW i Ventures3

Investment Strategy

Next47: Led accounts for 37% and participating for 63% of round participation.All available history.
Next47: Led accounts for 37% and participating for 63% of round participation. All available history
CategoryDeals (count)Share (%)
Led3437%
Participating5863%
Next47: Single-lead accounts for 79% and co-led for 21% of lead dynamics.All available history.
Next47: Single-lead accounts for 79% and co-led for 21% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead2779%
Co-led721%

Team

Andrea Eltner

Executive Assistant

Ching-Yu Hu

Partner

Colton Dempsey

Senior Associate

Fred Ellis

Banking and Wealth Management

Jonathan Barek

Chief Operating Officer

Josh Beck

Principal

Lak Ananth

Founder ,CEO& Managing Partner

Matthew Cowan

General Partner

Moshe Zilberstein
Richard Lui

Partner

Svetoslav Simeonov

Managing Director and CFO

Vivian Cheng

Principal