Group 11

group11.vc

Formerly SGVC

Foreign Venture Capital Fund

Tech Verticals Preferences

FinTech, Artificial Intelligence Asset Management, B2B, B2B2C, Big Data, Consumer Software, Cyber Security, Data Analytics, DevOps, Digital Health, Digital Media, e-Commerce, EdTech, E-Learning, Enterprise Applications, Enterprise Software, Entertainment, Generative AI, Healthtech, HR Tech, Insurtech, Machine Learning, Medical Devices, MedTech, Mobile Applications, Mobile infrastructure, PayTech, RetailTech, SaaS, Security, Software Technologies

General Data

Current Active Portfolio Companies:

DESCRIPTION

Group 11 invests in visionary entrepreneurs who are utilizing the unstoppable momentum of AI and FinTech to redraw the landscape of their respective industries. With a goal of creating change across generations and building long term value through technology, Group 11 has emerged as a coveted partner to veteran entrepreneurs at the forefront of their fields.

AFFILIATION

Account ID	Affiliation Type	Name	Parent Name	Status
DD7C1D41-0D42-E311-A976-00237DE91982		Group 11
D8FAEB47-1466-F011-B819-00505695CD29	Subsidiary	The Umbrella Corporation	Group 11

CONTACT INFO

Expand / Collapse All

Main Address: Beverly Hills, United States

Address	9440 S. Santa Monica Blvd, Suite 444
City	Beverly Hills
State/Province	CA
Country	United States
Zip	90210

Contact Person	abC Defghij
Company E-mail	abC Defghij
Telephone	abC Defghij
Fax	abC Defghij

	MANAGEMENT

Key Executive

Name	Title
Mr. Dovi Frances	Founding Partner
Mr. Devon Morris	Partner
Ms. Hadas Sparfeld	Partner, COO & CFO
Ms. Lian Kimia	Head of BD & Value Creation

	CAPITAL RAISED

Date

Amount

Apr. 01, 2024

abCDe

Closing of Group 11 sixth fund.

Limited Partners	Type	Amount	Remarks
abC Defghij	Venture Capital Fund	abCDe
abC Defghij	Private Equity Fund	abCDe
abC Defghij	Financial Services Company	abCDe
abC Defghij	Institutional Investor	abCDe

Dec. 07, 2023

abCDe

Purchase of 12% of Group 11's second fund.

Limited Partners	Type	Amount	Remarks
abC Defghij*	Venture Capital Fund	abCDe	Purchased holdings of Group 11's second fund.
abC Defghij	Private Equity Fund	abCDe	Purchased holdings of Group 11's second fund.

Apr. 05, 2022

abCDe

Purchase of holdings in Group 11's third fund from existing investors.

Limited Partners	Type	Amount	Remarks
abC Defghij	Private Equity Fund	abCDe	Purchased holdings in Group 11's third fund from existing investors.
abC Defghij	Financial Services Company	abCDe	Purchased holdings in Group 11's third fund from existing investors.

Mar. 17, 2021

abCDe

Harel and other Israeli institutional investors also invested in the fourth and fifth funds of Group11. A large portion of the fifth fund was raised from Israeli investors through the TASEUP platform. Those investors can place some or all of their membership units on the platform, where they can trade them (buy or sell with other counterparts).

Limited Partners	Type	Amount	Remarks
abC Defghij	Angel Club/ Group	abCDe
abC Defghij	Family Office	abCDe
abC Defghij	Institutional Investor	abCDe
abC Defghij	Institutional Investor	abCDe
abC Defghij	Institutional Investor	abCDe
abC Defghij	Institutional Investor	abCDe
abC Defghij	Investment Company	abCDe
abC Defghij	Insurance	abCDe

Jan. 01, 2019

abCDe

Closing of Group 11's fourth fund.

Limited Partners	Type	Amount	Remarks
abC Defghij	Institutional Investor	abCDe
abC Defghij	Institutional Investor	abCDe
abC Defghij	Institutional Investor	abCDe
abC Defghij	Institutional Investor	abCDe
abC Defghij	Insurance	abCDe	04/2022: Sold some of it shares in the fund to StepStone.
abC Defghij	Other	abCDe

Investment Data

Managed Capital	abCDe
Capital Remarks	Group 11 invests in all verticals of the financial technology sector 04/2024: Group 11 completed the raising of its sixth fund at $100m. Hamilton Lane, StepStone and Industry Ventures have invested in the fund. 11/2021: Group 11 launched a portion of it’s fifth $200m fund to the Tel Aviv Stock Exchange (‘TASE-UP') platform under the symbol GR11. TASE UP investors can trade their units on the TASE UP platform (buy or sell with other counterparts). The Fund will invest about 50% of capital in new Series Seed to Series B companies and about 50% of capital will be used to invest in follow-on investments from Group 11's existing portfolio (Funds I, II, III, & IV). Previous funds: Fund I - 2012 vintage - raised $13.6m Fund II - 2014 vintage - raised $41.4m Fund III - 2017 vintage -raised $51m Fund IV - 2019 vintage -raised $132.2m Fund V - 2021 vintage -raised $200m Fund VI - 2024 vintage -raised $90m Group 11 has raised approximately $116m through SPVs and AUAs

Preferences

Maximum investments	$20m
Minimum investments	$5m
Type of Financing	Equity
Stage Preferences	Initial Revenues,R&D,Seed

SECTOR SEGMENTATION (By Number Of Companies)

Enterprise Software & Infrastructure

74%

Consumer-Oriented Software

13%

Digital Health

13%

	PORTFOLIO COMPANIES

Current Portfolio Companies (16)

Company Name

Sector

Round/Deal Type

Date Announced

Investor Amount

Total Deal Amount

Remarks

Antidote Health

Dig. Health

Third Round	18/12/2024	N/A	$22m
Second Round	31/08/2023	N/A	$7m
First Round	22/03/2022	N/A	$22m

BridgeWise

Ent. SW

First Round	16/04/2024	N/A	$21m
Seed - Extended	31/01/2023	N/A	$6.3m
Seed - Extended	01/01/2022	N/A	$6.7m

CapitalOS

$CapitalOS is a developer of a spend management platform, designed to introduce a new revenue stream. The company offers end-to-end spend management solutions in a fraction of the time and offers revenue-based credit lines that grow with businesses on the platform without credit checks, enabling businesses to grow their revenue and save time.$

Ent. SW

Seed - Extended	28/11/2023	N/A	$30m
Seed	16/06/2022	N/A	$9m

Covercy

Ent. SW

First Round	28/03/2024	N/A	$5m
Seed	01/06/2015	N/A	$2.5m

Dream Security

Dream is a pioneering AI cybersecurity company delivering revolutionary defense through artificial intelligence. The company's proprietary AI platform creates a unified security system safeguarding assets against existing and emerging generative cyber threats. Dream's advanced AI automates discovery, calculates risks, performs real-time threat detection, and plans an automated response. With a core focus on the "unknowns," the company’s AI transforms data into clear threat narratives and actionable defense strategies.

Ent. SW

Secondary Deal	28/08/2025	N/A	$45m
Second Round	17/02/2025	N/A	$100m
First Round	21/11/2023	N/A	$33.6m

EquityBee

Ent. SW

Second Round - Extended	29/09/2021	N/A	$57m
Second Round	23/02/2021	N/A	$20m
First Round	03/07/2019	N/A	$6.6m

Fintastic

Ent. SW

Seed - Extended	06/10/2022	N/A	$12m
Seed	03/04/2021	N/A	N/A

Giraffe Invest

Giraffe is a user-friendly platform that simplifies impact investing and financial education, making them accessible and hassle-free. The company empowers value-driven personalization of popular indexes, giving everyone the opportunity to create a better financial and sustainable future.

Ent. SW

Seed

31/01/2022

N/A

$10.5m

Healthee

Dig. Health

Second Round	22/04/2025	N/A	$30m
First Round	04/03/2024	N/A	$32m
Seed	19/10/2021	N/A	$22m

Lili

Ent. SW

Second Round	11/05/2021	N/A	$55m
First Round	22/10/2020	N/A	$15m
Seed - Extended	03/06/2020	N/A	$10m
Seed	01/03/2019	N/A	$3m

Masterschool

Ent. SW

Seed

18/05/2022

N/A

$100m

SG Acquisitions

N/A

First Round

01/06/2016

N/A

Sorbet

CO SW

First Round	24/06/2021	N/A	$15m
Seed - Extended	30/04/2021	N/A	$6m

Sunbit

Ent. SW

Third Round	20/05/2021	N/A	$130m
Second Round - Extended	14/05/2020	N/A	N/A
Second Round	12/06/2019	N/A	$26m
First Round	01/01/2017	N/A	$25m
Seed	01/04/2016	N/A	$3m

Tipalti

Ent. SW

Sixth Round	08/12/2021	N/A	$270m
Fifth Round	06/10/2020	N/A	$150m
Fourth Round	24/09/2019	N/A	$76m
Third Round	13/02/2018	N/A	$30m
Second Round - Extended	14/09/2016	N/A	$11m
Second Round	22/10/2014	N/A	$9m
First Round	20/03/2013	N/A	$3m

Venn

CO SW

Third Round	29/01/2025	N/A	$49m
Second Round	27/05/2021	N/A	$60m

Current VC Fund Portfolio (1)

Fund Name

Fund Type

Date Announced

Amount

Remarks

UpWest

Venture Capital Fund

20/01/2012

N/A

Exits (9)

Company Name	Exit Type	Date Announced	Amount	Remarks
abC Defghij	Acquired	13/05/2018	abCDe
abC Defghij	IPO	30/10/2025	abCDe	A total of a $923m was raised in the IPO, with $750m raised by the company, and existing shareholders sold $173m worth of shares.
abC Defghij	Acquired	01/07/2025	abCDe	In cash. ERGO Group is the primary insurance arm of Munich Re, a German multinational reinsurance company.
abC Defghij	Holdings Sold	01/08/2023	abCDe
abC Defghij	Acquired	26/07/2018	abCDe
abC Defghij	Acquired	11/07/2016	abCDe	eBay Inc. acquired SalesPredict and added it to the current development center
abC Defghij	Acquired	25/10/2017	abCDe
abC Defghij	Holdings Sold	01/06/2017	abCDe
abC Defghij	Acquired	11/11/2020	abCDe

Historic Portfolio (2)

Company Name

Sector

Round/Deal Type

Date Announced

Investor Amount

Total Deal Amount

Remarks

Reali

Ceased to Operate

CO SW

Second Round - Extended	18/08/2021	N/A	$75m
Second Round - Extended	30/04/2019	N/A	$9m

Taxjoy

Ceased to Operate

Ent. SW

Second Round

02/05/2018

N/A

Last Updated:	abCDe
IVC Number:	abCDe