Group 11

Founded 2011
Founders Dovi Frances

Overview

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This summary is composed by our algorithm based on the analysis of the deals. If you think that some of this information is not accurate, please let us know about it and provide any supporting evidences if possible. Such cases will be analyzed by our ML-algorithm and implemented in our database, which will improve this summary.
Total investments 73
Average round size
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The average size of a deal this fund participated in
$37M
Portfolio companies 41
Rounds per year 7.30
Lead investments 9
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.44
Exits 11
Key employees 3
Stages of investment
Early Stage Venture
Late Stage Venture
Seed

Areas of investment

  • Software
  • FinTech
  • E-Commerce
  • Financial Services
  • Payments
Summary

Group 11 appeared to be the VC, which was created in 2011. The main department of described VC is located in the Beverly Hills. The venture was found in North America in United States.

The standard case for the fund is to invest in rounds with 5-6 partakers. Despite the Group 11, startups are often financed by Innovation Endeavors, Oren Dobronsky, Crosslink Capital. The meaningful sponsors for the fund in investment in the same round are Lightspeed Venture Partners, Wicklow Capital, Oren Dobronsky. In the next rounds fund is usually obtained by Andreessen Horowitz, Crosslink Capital, Wicklow Capital.

The current fund was established by Dovi Frances. We also calculated 3 valuable employees in our database.

The average startup value when the investment from Group 11 is more than 1 billion dollars. The top amount of exits for fund were in 2018. The important activity for fund was in 2014. Despite it in 2019 the fund had an activity. The fund is constantly included in 2-6 deals per year. Comparing to the other companies, this Group 11 performs on 8 percentage points less the average number of lead investments. The usual things for fund are deals in the range of 10 - 50 millions dollars. Considering the real fund results, this VC is 4 percentage points less often commits exit comparing to other organizations.

Among the most successful fund investment fields, there are Marketplace, E-Commerce. The fund has no exact preference in some founders of portfolio startups. In case when startup counts 5+ of the founder, the chance for it to get the investment is meager. For fund there is a match between the country of its foundation and the country of its the most frequent investments - United States. Besides, a startup needs to be aged 4-5 years to get the investment from the fund. Among the most popular portfolio startups of the fund, we may highlight Addepar, Sunbit, Tango Card.

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Notable deals

CompanyIndustryRound SizeDateInvestorsLocation

SMBX

Banking
Financial Services
FinTech
Marketplace
Retail
Small and Medium Businesses
$11M20 Oct 2021 San Francisco, California, United States

InsuRights

Artificial Intelligence
Health Care
InsurTech
Medical
$22M19 Oct 2021 Tel Aviv, Tel Aviv, Israel

TripActions

Business Travel
Customer Service
E-Commerce
Payments
Software
$275M13 Oct 2021 Palo Alto, California, United States

EquityBee

Financial Exchanges
Financial Services
Personal Finance
$57M29 Sep 2021 Palo Alto, California, United States

Papaya Global

Data Integration
Employment
Human Resources
Recruiting
SaaS
$250M11 Sep 2021 New York, New York, United States

HomeLight

FinTech
Intellectual Property
Property Management
Real Estate
Software
$100M02 Sep 2021 San Francisco, California, United States

Sorbet

Financial Services
$15M24 Jun 2021 Tel Aviv-Yafo, Tel Aviv District, Israel

venn

Information Technology
Internet
Software
$60M02 Jun 2021 New York, New York, United States

E-Commerce
Finance
FinTech
Retail
$130M20 May 2021 Los Angeles, California, United States
News
Papaya Global Raises $250 Million in Series D Funding at $3.7 Billion Valuation

– Papaya Global announced a $250m Series D funding round.
– The round was led by New York-based global private equity and venture capital firm Insight Partners and joined by Tiger Global, with participation from existing investors Greenoaks Capital, IVP, Scale Venture Partners, Bessemer Venture Partners, Alkeon Capital, Workday Ventures, Access Industries and Group 11.
– Funding will be used to continue Papaya’s rapid expansion and accelerate the recruitment of rapidly growing companies (pre/post IPO) and Fortune 5000 clients.
– Papaya, the global people management platform for the remote work era – which tripled its revenue in 2020 – provides a radically simple solution for managing and paying all types of global workers in full compliance, from onboarding to payments, in over 140 countries.

HomeLight closes on $100M Series D at a $1.6B valuation as revenue surges

– HomeLight, a real estate technology platform, secured $263m in debt financing.
– The financing was led by Zeev Ventures and joined by Group 11, Stereo Capital, Menlo Ventures and Lydia Jett of the SoftBank Vision Fund.
– The financing brings HomeLight’s valuation to $1.6 billion.
– The company plans to triple its revenue to over $300 million in 2021.

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