Group 11

Profile

Group 11 is a venture capital firm based in Los Angeles, founded in 2012 by Dovi Frances, an Israeli-American venture capitalist. The firm is dedicated to supporting disruptive Israeli-related software companies from their inception through global expansion. The team includes partners like Hadas Sparfeld, who oversees operations and financial activities, and Devon Morris, who manages deal structuring and execution. Group 11 differentiates itself by its strong connections and investments in fintech and software platforms, as well as extensive involvement in Israel's technological advancement through AI research.

Group 11 primarily invests in the financial technology sector, focusing on financial services and fintech, with sub-sectors including business services (B2B) and software. The firm targets companies from their early stages, such as Series A, through late-stage rounds, with preferred investment amounts ranging from $10-50 million. It is known for its strategic partnership with influential LPs and has managed over $600 million in investments across various vehicles.

Notable investments by Group 11 include Tipalti, a global payables automation platform, Navan (formerly TripActions) - travel and expenses management, Next Insurance - digital insurance for small businesses, Sunbit - point-of-sale financing solution, and HomeLight - real estate technology platform. The firm has played a significant role in scaling its portfolio companies by securing significant follow-up funding rounds and supporting their strategic initiatives.