Next47 GmbH

Discontinued

Overview

Next47 GmbH was a venture capital firm backed by Siemens AG, focused on investing in startups in electrification, automation, and digitalization. It operated globally with offices in Munich, Silicon Valley, Shanghai, and Tel Aviv, managing approximately €1 billion in funds over five years. The firm acted as investor, coach, and advisor to founders, leveraging Siemens' ecosystem for market access.

History

Next47 was established in 2016 as a wholly owned subsidiary of Siemens AG with €1 billion in funding over five years. It invested over €800 million in more than 180 startups and formed over 20 partnerships annually with startups worldwide. The UK establishment opened in March 2024 but closed on August 22, 2025, after which the company was converted and closed.

Reputation

Next47 was viewed as a strategic VC arm providing startups with Siemens' industrial expertise and global reach. Professionals noted its focus on deep tech sectors aligned with Siemens' strengths. The firm's closure in 2025 raised questions about the sustainability of corporate VC models amid shifting investment priorities.

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