Why Next47: Interviews, Careers, & Portfolio

Next47 Overview

Next47 is a global venture firm that supports enterprise founders.

Based in Palo Alto, California, and with offices in the US, Europe, and Israel, they invest in early and growth-stage companies. Their focus areas include SaaS, AI/ML and Dev Tools, Enterprise IT and Cybersecurity, and Deep Tech.

Founded in 2016, Next47 aims to back products that drive global progress. They are committed to the founders they partner with, providing expertise, resources, and networks to help turn ideas into leading businesses.

Next47 specializes in supporting companies in these key areas:

• SaaS
• Enterprise IT
• AI

The firm is also known for making quick decisions and having strong confidence in their investments. They leverage their global presence and the Siemens ecosystem, which covers many industries and regions worldwide, to maximize the potential of each startup.

Lakshmikanth Ananth is the CEO and Managing Partner of Next47.

Next47 AUM

As of writing, there is no publicly available information on the assets under management for Next47.

Next47 Interview Process & Questions

Interview processes can vary between firms, but if you’re interviewing at Next47 or a similar firm, here’s what you can generally expect:

• Around 4-6 interview rounds.
• Initial interviews are typically conducted by junior investment professionals or the HR team, with more senior staff leading the later rounds.
• The entire process usually spans several weeks, unless it’s during “on-cycle” or “on-campus” recruiting periods.

At Next47, interviews will likely include a mix of fit questions, behavioral questions, and technical/investing questions.

If you need help preparing for interviews, take a look at my Growth Equity Interview Guide.

Why Next47

“Why this firm?” is one of the most frequent and crucial interview questions.

If you’ve networked with people at the firm, this is an excellent opportunity to mention anyone you’ve met and how they left a positive impression on you.

Additionally, researching the firm before your interview is essential. A great way to learn about a firm is by listening to interviews with its founders or investors.

For example, here’s a discussion with Lak Ananth, CEO and Managing Partner of Next47:

More Interviews

• Discussion with Dr. Schnell, Partner at Next47
• Interview with Lidiya Dervisheva, Partner at Next47

Next47 Case Study

Interviewees are typically presented with a case study during interviews. These case studies allow firms to evaluate your technical skills and communication abilities.

At firms like Next47, case studies often center on financial modeling and investment recommendations. For junior positions, you might also encounter a cold calling case study.

Check out my Growth Equity Interview Guide to prepare for case studies.

Next47 Salary & Compensation

There is no recent salary data for investment analysts and associates at Next47. However, according to Glassdoor, the estimated total pay for Senior Associates at the firm is $156K per year. Figures will vary based on several factors that the firm considers such as experience, location, position, and others.

Senior Associate

Next47 Careers, Jobs, & Internships

To see open roles at Next47, check out our job board which features all open roles for them and other similar firms.

Next47 Portfolio & Investments

According to Crunchbase, Next47 has made 266 investments across one fund. Some of their notable deals include Vitally, Grafbase, and DataGrail.

Notable Transaction: Radiant Security

Radiant Security, a company founded by cybersecurity veterans from successful firms such as Imperva and Exabeam, has developed an AI-powered security co-pilot designed for Security Operations Centers (SOCs).

This innovative solution leverages AI to significantly enhance analyst productivity, improve the detection of real attacks, and reduce incident response times from days or weeks to just minutes. The system can be deployed in minutes via API, providing immediate value and reducing analyst workloads by up to 95%.

On November 14, 2023, Radiant Security announced the completion of a $15M Series A investment round. This funding was led by Next47.

The CEO and co-founder of Radiant Security, Shahar Ben-Hador, stated that this capital influx will enable the company to advance its innovations and further develop its cutting-edge technologies. The company plans to expand its engineering and go-to-market capabilities to strengthen its position as a leader in the emerging AI-enhanced security operations market.

Next Steps

If you aim to become a professional investor at Next47, I strongly suggest exploring my Growth Equity Interview Guide.

This self-paced online course is designed for professionals seeking to break into the growth equity field, helping to improve their chances of landing their desired role. The course covers common interview topics, including case studies, financial modeling, and more.

Begin your interview preparation today!