Siemens' Next47 unit has hired Matthew Cowan, a co-founder of Bridgescale Partners, as it moves to an evergreen investment model.
Matthew Cowan, veteran venture capitalist and the co-founder and managing partner of growth equity firm Bridgescale Partners, has joined industrial conglomerate Siemens’ Next47 corporate venturing unit in California.
Cowan co-founded Bridgescale with business partner Rob Chaplinsky in the mid-2000s. Their exits include the flotations of cybersecurity company Proofpoint and compensation software provider Xactly, and the sales of Jasper to Cisco, Rypple to Salesforce and Dayforce to Ceridian.
Germany-based Siemens set up Next47 in June 2016 to invest €1bn ($1.25bn at…
