Group 11
SEC exempt reporting adviser (venture capital exemption).
- Website
- https://group11.vc/
- HQ
- CA
Group 11 is a Los Angeles-based venture capital firm that backs fintech companies, with a focus on Israeli-related software companies. Founding Partner Dovi Frances leads the firm. Its portfolio includes Navan, Next Insurance, Sunbit, Tipalti, Dream, Healthee, BridgeWise, Lili, and Masterschool.
New fund likely raising soon
The firm's newest fund is 4 to 7 years past its first sale and no newer Form D has been filed.
01 · Says / Does
| Tag | Says | Does | Historically (to 2020) |
|---|---|---|---|
| Stages | Seed, Series A, Series B, Growth | Not enough dated deals | Seed, Series A, Series B, Growth |
| Sectors | Fintech | Not enough dated deals | Fintech, Enterprise SaaS, Ecommerce, Construction and proptech, Media, Logistics, Consumer |
| Regions | Not stated | Not enough dated deals | CA, NY |
Says: what the firm's funds state. Does: from 0 dated deals in the last 24 months.
Historical focus (through 2020), derived from historical deal data.
| Year | Deals | Top sectors |
|---|---|---|
| 2010 | 1 | Enterprise SaaS, Fintech, Logistics |
| 2012 | 6 | Construction and proptech, Ecommerce, Enterprise SaaS |
| 2013 | 12 | Enterprise SaaS, Ecommerce, Healthtech |
| 2014 | 14 | Enterprise SaaS, Fintech, Ecommerce |
| 2015 | 6 | Enterprise SaaS, Construction and proptech, Consumer |
| 2016 | 6 | Fintech, Enterprise SaaS, Construction and proptech |
| 2017 | 8 | Fintech, Consumer, Agtech |
| 2018 | 5 | Consumer, Fintech, Construction and proptech |
| 2019 | 6 | Fintech, Construction and proptech, Consumer |
| 2020 | 4 | Fintech, Data analytics, Enterprise SaaS |
Stage mix over time
- Pre-seed
- Seed
- Series A
- Series B
- Growth
| Year | Pre-seed | Seed | Series A | Series B | Growth |
|---|---|---|---|---|---|
| 2010 | 0 | 0 | 1 | 0 | 0 |
| 2011 | 0 | 0 | 0 | 0 | 0 |
| 2012 | 0 | 4 | 1 | 0 | 0 |
| 2013 | 0 | 6 | 4 | 1 | 1 |
| 2014 | 0 | 2 | 1 | 3 | 2 |
| 2015 | 0 | 1 | 1 | 1 | 0 |
| 2016 | 0 | 2 | 2 | 1 | 0 |
| 2017 | 0 | 0 | 4 | 2 | 2 |
| 2018 | 0 | 1 | 0 | 2 | 2 |
| 2019 | 0 | 0 | 0 | 2 | 4 |
| 2020 | 0 | 2 | 1 | 0 | 0 |
| 2021 | 0 | 0 | 0 | 0 | 0 |
| 2022 | 0 | 0 | 0 | 0 | 0 |
| 2023 | 0 | 0 | 0 | 0 | 0 |
| 2024 | 0 | 0 | 0 | 0 | 0 |
| 2025 | 0 | 0 | 0 | 0 | 0 |
| 2026 | 0 | 0 | 0 | 0 | 0 |
02 · Fund history
| Fund | Year | Size | Status |
|---|---|---|---|
| GROUP 11 TRIPACTIONS IV, LLC | approx. 2022 | $4.45M (SEC adviser filing) | Late investment period |
| GROUP 11 FUND VI, L.P. | 2022 | $100M (Form D) | Late investment period |
| GROUP 11 FUND V, L.P. | approx. 2021 | $202.89M (SEC adviser filing) | Follow-ons only |
| GROUP 11 SUNBIT II, LLC | approx. 2021 | $10.37M (SEC adviser filing) | Follow-ons only |
| Group 11 Fund IV, L.P. | 2020 | $75M to $155.58M (Form D and SEC adviser filing) | Follow-ons only |
03 · People across funds
- Dovi Frances, Managing Director of Issuer's General Partner
GROUP 11 TRIPACTIONS IV, LLC (Named on Form D); GROUP 11 FUND VI, L.P. (Named on Form D); GROUP 11 FUND V, L.P. (Named on Form D); GROUP 11 SUNBIT II, LLC (Named on Form D); Group 11 Fund IV, L.P. (Named on Form D)
- Roxane Googin, Chief Futurist
On the team page, not linked to a fund
04 · Recent deals
No dated deals found yet.
05 · Latest from the firm
No news from the firm's website yet.
06 · Sources
- https://group11.vc/
- https://group11.vc/contact-us/
- https://group11.vc/portfolio/next-insurance/
- https://group11.vc/team/
- https://group11.vc/portfolio/sunbit/
- https://group11.vc/portfolio/tipalti/
- https://group11.vc/portfolio/navan/
- https://group11.vc/news-insights-more/
Fund dates and sizes are from SEC Form D filings.
Last verified: Oct 25, 2026