Next47, the $1.2 billion global venture fund backed by Siemens, has extended its US team.
Matthew Cowan and T.J. Rylander joined as Partners and Ching-Yu Hu as a Principal. With backgrounds in venture capital and as founders of businesses, these newest members expand the firm’s expertise and network.
Matthew Cowan came from Breezeworks, a mobile CRM platform for small business owners, where he was the CEO and co-founder. Prior to Breezeworks, he was the co-founder of Bridgescale Partners, a venture capital fund with investments in companies such as BitGo, Jasper Wireless, Plum Organics and Proofpoint. Cowan was also the founding General Partner of Bowman Capital’s venture capital group in 1998, focusing on expansion-stage technology companies. In the earlier part of his career, he worked in Intel Corporation’s business development group focused on broadband and internet media.
T.J. Rylander was a Managing Partner at In-Q-Tel (“IQT”), the strategic venture firm affiliated with the U.S. Intelligence Community, leading investments in 20 technology startups, including Pure Storage, Cloudera, and FireEye. He also served as co-lead for the company’s Infrastructure and Security practice. Prior to IQT, Rylander spent several years at Boston Consulting Group and also held various finance roles focused on international energy development and clean energy M&A.
Ching-Yu Hu joined Next47 as a Principal based in the Palo Alto office. He co-founded Skybox Imaging, a data and aerospace startup that designed, built, and launched a large constellation of high resolution imaging satellites, which was acquired by Google in 2014. Prior to joining Next47, Hu was an Entrepreneur-in-Residence in Google’s internal startup incubator, Area 120.
Led by Lak Ananth, CEO and Managing Partner, Next47 is a global venture firm created by Siemens that invests in, and partners with, entrepreneurs who think big and build industry-defining companies. With offices in Boston, Beijing, London, Munich, Paris, Palo Alto and Stockholm, Next47 gives startups access to a large portfolios of customers in the areas of industry, energy and infrastructure as well as domain expertise in the deep technologies that impact those customers.