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The Venture Codex

Next47

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

Overview

N47 is a global venture firm. 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. Headquartered in Silicon Valley, we back builders across the US, Europe, and Israel.

Total investments
90
Lead investments
33
Investments · 12mo
8
Active investors
12

Sector focus

  • Advice
  • Financial Services
  • FinTech
  • Venture Capital
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Investment portfolio

  • Enzo Health

    Led · Series A · May 2026

    Enzo Health offers an AI-native platform built for home health that automates the patient workflow from referral to reimbursement, connecting front office, clinical, and back office operations in one system. Key product components described include Enzo Intake (referral intake, document conversion, eligibility checks), Enzo Scribe (OASIS validation and AI-assisted documentation during visits), and Enzo QA (continuous chart review for clinical and regulatory accuracy). The company says its platform reduces administrative burden, improves margins, and returns time to clinicians. Enzo launched in 2024 and reports revenue growth of more than 40x in the prior twelve months and adoption by organizations supporting over 500,000 patients annually. With the Series A proceeds, Enzo plans to extend the platform into skilled nursing and hospice to address those settings’ specific workflows and regulatory needs.

  • Patlytics

    Participated · Series B · Apr 2026

    Patlytics offers an end-to-end AI platform purpose-built for patent workflows, covering invention harvesting, application drafting, infringement analysis, invalidity contentions, and portfolio management. The company reports measurable customer impacts such as an 80% reduction in project time, more than $30,000 saved per claim chart, and up to 15 hours recovered per patent application. Patlytics is trusted by over 40% of Am Law 100 firms and a number of corporate IP teams and ranked practices. Following the $40 million Series B, bringing total funding to about $65 million, the company plans to develop an AI-native collaboration suite, domain-specific autonomous AI Agents, and deeper chem-bio capabilities. Patlytics is expanding globally with a new London office and a recently appointed Head of EMEA. The company is headquartered in New York.

  • Sona

    Led · Series B · Apr 2026

    Sona is an AI-native platform built to serve frontline enterprises by combining regulated workforce infrastructure—scheduling, HR, payroll, and compliance—with an operational data layer. Its products power forecasting and scheduling for customers including Popeyes and Tao Group and use real-time data to build bottom-up labor models that predict and optimize operations. Sona has launched Forge, an enterprise AI application builder that lets customers create custom agentic applications integrated with their core data and analytics. The company is headquartered in London and has a growing presence in New York. Financially, the company has raised over $100 million in total funding following the $45 million Series B. Sona plans to use the new capital to accelerate U.S. expansion and to bring forward a decade of planned platform capabilities into production within months.

  • Kai

    Participated · Series A · Mar 2026

    Kai is an AI-powered cybersecurity startup that is about a year old. The company develops cybersecurity tools leveraging artificial intelligence. In its first major financing, Kai secured $125 million in a combined seed and Series A round led by Evolution Equity Partners with participation from N47 and other investors. The raise places Kai among early-stage companies attracting significant institutional capital in the cybersecurity space. Public coverage frames the company as benefiting from booming investor demand for smart cyber tools. No public operating metrics, revenue figures, or specific product roadmaps were disclosed in the articles.

  • Encord

    Participated · Series C · Feb 2026

    Encord builds a universal data layer for AI, concentrating on physical AI applications such as robots, autonomous vehicles, and drones. Its cloud platform ingests and organizes multimodal data—including audio, video, sensor feeds, and 3D point clouds—so teams can curate, annotate, and align datasets across the model lifecycle. The company serves more than 300 customers worldwide, among them Woven by Toyota, Zipline, Skydio, and AXA Financial. Over the last twelve months, data stored on Encord’s platform expanded from 1 PB to over 5 PB, while revenue from physical AI customers grew ten-fold. Analysts project an explosion in physical AI deployments, and Encord positions itself as the infrastructure that readies proprietary data for these systems. The newly raised funds will accelerate product development and support entry into additional markets. With the latest round, Encord’s total funding stands at $110 million.

Team