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Project 11 Ventures

Founders Bob Mason Katie Rae Reed Sturtevant

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Investments

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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.

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Total investments 27
Average round size
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The average size of a deal this fund participated in
$1M
Portfolio companies 22
Rounds per year 3.00
Lead investments 7
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.19
Exits 5
Key employees 3
Stages of investment
Seed

Areas of investment

  • Software
  • Mobile
  • Machine Learning
  • Analytics
  • FinTech
Summary

In 2014 was created Project 11 Ventures, which is appeared as VC. The fund was located in North America if to be more exact in United States. The main office of represented VC is situated in the Boston.

This organization was formed by Bob Mason, Katie Rae, Reed Sturtevant. Besides them, we counted 3 critical employees of this fund in our database.

The higher amount of exits for fund were in 2018. Opposing the other organizations, this Project 11 Ventures works on 12 percentage points less the average amount of lead investments. The important activity for fund was in 2015. Despite it in 2019 the fund had an activity. The fund is generally included in 2-6 deals every year. Deals in the range of 1 - 5 millions dollars are the general things for fund. Speaking about the real fund results, this VC is 5 percentage points more often commits exit comparing to other organizations.

Among the most popular portfolio startups of the fund, we may highlight Synack, ClimaCell, DipJar. Besides, a startup requires to be at the age of 1 and less years to receive the investment from the fund. For fund there is a match between the country of its foundation and the country of its the most frequent investments - United States. The fund has no specific favorite in a number of founders of portfolio startups. In case when startup counts 1 or 5+ of the founder, the chance for it to get the investment is meager. We can highlight the next thriving fund investment areas, such as Analytics, Location Based Services.

The typical case for the fund is to invest in rounds with 4-5 participants. Despite the Project 11 Ventures, startups are often financed by MassChallenge, Bolt - Overview, Techstars. The meaningful sponsors for the fund in investment in the same round are Founder Collective, Hyperplane Venture Capital, Bolt - Overview. In the next rounds fund is usually obtained by Matrix Partners, Accomplice, Square Peg Capital.

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Typical Co-investors
Project 11 Ventures is more likely to invest in rounds together with the following funds:
Funds investing in following rounds
These funds have a tendency to invest in the following rounds after Project 11 Ventures:

Funds with similar focus

Funds from United States
Funds with similar focus located in United States:
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Funds with similar focus acting as lead investors:

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Notable deals

CompanyIndustryRound SizeDateInvestorsLocation

Mightier

Gaming
Health Care
Video Games
$6M21 May 2019 Boston, Massachusetts, United States

Forge.AI

Artificial Intelligence
Information Technology
Machine Learning
$11M06 Dec 2018 Boston, Massachusetts, United States

Mightier

Gaming
Health Care
Video Games
$2M19 Jun 2018 Boston, Massachusetts, United States

Sentenai

Cloud Data Services
Cloud Infrastructure
Infrastructure
Machine Learning
Software
27 Oct 2017 Boston, Massachusetts, United States

ClimaCell

Big Data
Business Information Systems
Environmental Consulting
SaaS
Software
$5M01 May 2017 Boston, Massachusetts, United States

TellusLabs

Agriculture
Developer Platform
Geospatial
Internet
Machine Learning
$3M17 Jan 2017 Massachusetts, United States

Airfox

Banking
Cryptocurrency
Financial Services
FinTech
Mobile
Wireless
$1M16 Aug 2016 Boston, Massachusetts, United States

Wise Systems

Artificial Intelligence
Enterprise Software
Fleet Management
Last Mile Transportation
Logistics
Machine Learning
Mobile
Software
$1M14 Jun 2016 Cambridge, Massachusetts, United States

RadioPublic

Audio
Internet Radio
Mobile
Podcast
26 Apr 2016 Boston, Massachusetts, United States

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Total investments 27
Average round size 1M
Rounds per year 3.00
Peak activity year 2015
Lead investments 7
Follow on index 0.19
Exits 5
Group Appearance index 0.85

Latest deals

CompanyIndustryRound SizeDateInvestorsLocation

Mightier

Gaming
Health Care
Video Games
$6M21 May 2019 Boston, Massachusetts, United States

Forge.AI

Artificial Intelligence
Information Technology
Machine Learning
$11M06 Dec 2018 Boston, Massachusetts, United States

Mightier

Gaming
Health Care
Video Games
$2M19 Jun 2018 Boston, Massachusetts, United States

Sentenai

Cloud Data Services
Cloud Infrastructure
Infrastructure
Machine Learning
Software
27 Oct 2017 Boston, Massachusetts, United States

ClimaCell

Big Data
Business Information Systems
Environmental Consulting
SaaS
Software
$5M01 May 2017 Boston, Massachusetts, United States

TellusLabs

Agriculture
Developer Platform
Geospatial
Internet
Machine Learning
$3M17 Jan 2017 Massachusetts, United States

Airfox

Banking
Cryptocurrency
Financial Services
FinTech
Mobile
Wireless
$1M16 Aug 2016 Boston, Massachusetts, United States

Wise Systems

Artificial Intelligence
Enterprise Software
Fleet Management
Last Mile Transportation
Logistics
Machine Learning
Mobile
Software
$1M14 Jun 2016 Cambridge, Massachusetts, United States

RadioPublic

Audio
Internet Radio
Mobile
Podcast
26 Apr 2016 Boston, Massachusetts, United States
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