Beverly Hills · Seed–Series A · 9 people tracked
Also known as URSUS VENTURES
Investment thesis
Group 11 positions itself around discovering and backing tomorrow's leading founders, framing its selectivity through the metaphor of the coinage metals (copper, silver, gold) that historically underpinned the modern financial system. The firm emphasizes that the companies it backs are rare, precious, and carefully identified rather than found by chance, and that its own success is tied directly to the success of its portfolio founders.
Source: firm website, verified Aug 25, 2026.
Team · 9 people
from the firm's website & public directories
What they invest in
from 16 of 28 portfolio companiesFintech ×11SaaS ×7AI & Machine Learning ×5Enterprise Software ×4Marketplaces ×3Data & Infrastructure ×2InsurTech ×2Developer Tools ×1
HQs:United States×13Canada×1Israel×1
Who they back
founder profiles across 9 portfolio companiesFounding team size:solo founder×52 founders×13 founders×3
Where their founders worked beforefrom 11 founders with career history
Mercury ×2Revolut ×2sunday ×2Teamworthy Ventures ×2
Investments · 28 tracked
founders shown can be your intro pathBy year:2025 · 12024 · 12022 · 12021 · 22014 · 16 dated
Navan is an AI-powered platform for corporate travel and expense management that combines booking, policy management, and real-time reporting for enterprise clients.
Enterprise SoftwareSaaSTravel & HospitalityPalo Alto, US
CohenTwigAriel Cohen(Founder)in
Co-investors01 AdvisorsAkkadian VenturesAlkeon InnovationAndreessen HorowitzBase PartnersElad Gil+11 more
New York, US
Ben Nagar(Director)Guy Benjamin(Director)Ofer Tal(Director)
BoardIdo Fishler(Director)in
Board seatDovi Frances· per SEC Form D · $11.1M raise · filed Feb 2022
Co-investorsGood Group
Addepar is a portfolio management platform that enables investment teams and CIOs to aggregate, analyze, and report on diverse asset classes—including liquid equities and private markets—within a single consolidated system.
AI & Machine LearningData & InfrastructureEnterprise SoftwareFintechMountain View, US
Joe Lonsdale(Founder and Chairman of the Board)inEric Poirier(Chief Executive Officer and Board Member)inStephen Snyder(Executive Officer)Mitchell Bompey(Chief Financial Officer)
BoardLaurence Tosi(Director)inJuan Sabater(Director)
Co-investors8VCBlumberg CapitalCollective LiquidityCota CapitalCraft VenturesFf Venture Capital+10 more
Aeropay provides ACH-based payment infrastructure that enables businesses to offer "pay by bank" as a digital payment method.
FintechSaaSSan Francisco, US
Co-investorsChicago Ventures
Antidote Health offers individual and family ACA health insurance plans with $0 primary care visits and unlimited virtual care, plus on-demand telehealth via subscription or one-time visits.
Digital HealthHealthtechInsurTech
Co-investorsBRM CapitalDaybreak PartnersLongevity Venture PartnersWelltech VenturesFlint CapitaliAngels
BridgeWise provides AI-driven market insights and investor engagement tools for financial institutions and brokerages, unifying fundamentals, technicals, news, and sentiment analysis.
AI & Machine LearningFintech
Equitybee operates a stock option funding marketplace that connects startup employees needing to exercise their vested options with accredited investors and managed funds, providing non-recourse financing that covers exercise costs and AMT bills in exchange for a share of exit proceeds.
FintechMarketplacesLos Angeles, US
Oded Golan(Executive Officer, Director)inOren Barziali(Executive Officer, Director)Oren Barzilai(Founder)inArik Moav(Executive Officer, Director)
Co-investorsAltaIR CapitalBattery VenturesGreenfield PartnersQuest Venture Partners
HomeLightoffers bridge loans and financial solutions that allow homebuyers to remove sale contingencies and access equity for home purchases.
Data & InfrastructureFintechMarketplacesPropTechSan Francisco, US
Andrew Uher(Executive Officer, Director)Drew Uher
BoardTyler Sosin(Director)inOren Zeev(Director)in
Co-investors500 GlobalBullpen CapitalCrosslink CapitalFundersClubKrillion VenturesMenlo Ventures+12 more
Lili is a financial technology company offering business banking services for small businesses and the self-employed, including checking and savings accounts, a Visa debit card, wire transfers, and accounting, tax preparation, and invoicing tools.
FintechSaaSNew York, US
Lilac Bar David(Founder)in
Co-investorsAltaIR CapitalTarget GlobalTorch CapitalWorld Trade Ventures (WTV)Foundation CapitalPrimary Venture Partners
Co-investorsZeev Ventures
Masterschool is an applied education research lab building an AI-native educational institution aimed at delivering personalized, accessible learning.
AI & Machine LearningEdTech
Michael Shurp(Founder)in
Co-investorsTarget Global
ERGO NEXT Insurance (formerly NEXT Insurance) provides online business insurance for small businesses across more than 1,300 professions in the U.S., offering fast quotes and tailored coverage through a fully online quote and bind process.
FintechInsurTechSaaSPalo Alto, US
Guy Goldstein(Executive Officer, Director)Nissim Tapiro(Director)inAlon Huri(Founder)in
BoardNick Shalek(Director)inEitan Bek(Director)Matthew McElhattan(Director)
Co-investorsAllianz XBattery VenturesG SquaredMS&AD VenturesRedpoint VenturesZeev Ventures+3 more
OpenGov builds a unified software platform that local and state governments use to manage operations including budgeting, permitting, infrastructure management, procurement, and tax collection.
AI & Machine LearningEnterprise SoftwareGovTechSaaSMountain View, US
Zac Bookman(Co-founder)Nate Levine(Founder)Joseph Lonsdale(Executive Officer, Director)inZachary Bookman(Executive Officer, Director)inAinslie Mayberry(Executive Officer)Mike Rosengarten(Executive Officer, Director)
Co-investors8VCAndreessen HorowitzBalaji SrinivasanDraper AssociatesFounder CollectiveGlynn Capital Management+10 more
Papaya Global is a workforce payments platform that runs payroll, employer-of-record hiring, contractor management and cross-border payments for companies employing people in more than 160 countries.
Eynat Guez(Co-founder & CEO)in
Co-investorsAlkeon InnovationBessemer Venture PartnersClaltechInsight PartnersIVP (Institutional Venture Partners)New Era Capital Partners+3 more
Co-investorsZeev Ventures
Skygiraffe is an Israeli company that builds a platform for extending existing line-of-business systems to mobile devices.
Developer Tools
Boaz HechtItay Braun
Co-investors500 Global
San Francisco, US
Benjamin Lozano(Executive Officer, Director)Jackie Chan(Director)
BoardDovi Frances(Director)
Co-investorsImpact America FundBetter VenturesUnpopular Ventures
Sunbit provides point-of-sale financing and a fee-free co-branded credit card that let consumers pay over time for in-person services such as auto repair, dental, and optical care, as well as retail purchases.
FintechRetail TechLos Angeles, US
Arad Levertov(Executive Officer, Director, Promoter)
Co-investorsAltaIR CapitalChicago VenturesSoundproof VenturesStarting LineZeev Ventures
Tango provides a digital-first rewards and incentives platform that enables businesses to send gift cards, prepaid cards, and charitable donations to customers and employees.
Enterprise SoftwareFintechMarketplacesSaaSSeattle, US
David Leeds(Founder)Carrie Casanas(Executive Officer)G. Scott Greenburg(Executive Officer)Terry Kramer(Director)Shauna Barker(Executive Officer)Julie Allegro Constantin(Director)
Co-investorsAllegro Venture PartnersFloodgateFTV CapitalSWaN & Legend Venture Partners
Tipalti offers an AI-powered finance automation platform that handles global accounts payable, payments, procurement, expenses, and treasury operations for businesses.
AI & Machine LearningFintechSaaS
Co-investors01 AdvisorsAccel-KKRG SquaredMoxxie VenturesSummit Peak VenturesZeev Ventures+3 more
Venn is a business banking platform built exclusively for Canadian businesses, offering payment processing and financial management tools.
FintechToronto, CA
Ahmed Shafik(Founder)inSaud Aziz(Founder)in
Co-investorsGradient VenturesLeft Lane CapitalXYZ Venture CapitalCIM GroupHamilton LaneLatitude+2 more
Rows marked “SEC filing” are inferred from directors named on the company's SEC Form D — public regulatory data, not a portfolio list published by the firm.
Exits · 1
IPOs and acquisitions across the tracked portfolioNavanNASDAQ: NAVN
Portfolio news
latest coverage across their companiesAddepar · forgeglobal.com · Jul 26, 2026
HomeLight · fortuneindia.com · Jul 17, 2026
Next Insurance · quotesweep.com · Jul 13, 2026
Navan · calcalistech.com · Jul 7, 2026
Lili · finsmes.com · Mar 18, 2026
Venn · finsmes.com · Nov 18, 2025
Tipalti · fintechfutures.com · Sep 25, 2025
Frequently asked questions
- How many investments has Group 11 made?
- Group 11 has 22 tracked investments, including 1 dated in the last 24 months.
- What stage does Group 11 invest at?
- Group 11 invests at the Seed, Series A stages.
- What is Group 11's typical check size?
- Group 11 typically writes checks of $5M – $20M.
- What sectors does Group 11 focus on?
- Group 11 focuses on Fintech, InsurTech, SaaS, Sector Agnostic.
- Where is Group 11 located?
- Group 11 is headquartered in Beverly Hills, US.
- Does Group 11 lead rounds?
- Yes, Group 11 leads investment rounds.
- Who does Group 11 co-invest with?
- Group 11 most often shares deals with Zeev Ventures, AltaIR Capital, 8VC, among 63 tracked co-investors.
Media · Podcasts & interviews
featuring the teamGroup 11 Founding Partner Dovi Frances Interviews Masterschool Co-Founder Michael Shurp
Group 11 · Dovi Frances
Ep48: Dovi Frances | Founding Partner of Group 11 | Episode 48: Dovi Frances | Founding Partner of Group 11 Dovi is an entrepreneur and Founding Partner of Group 11. He has invested over $150M in many of... | By 20 Minute Leaders
Dovi Frances · facebook.com
Dovi Frances Interview 2026 Negev Conference: AI, the Negev, and the Premiership (English Subtitles)
Group 11
דובי פרנסס על ראשות הממשלה, AI והנגב | הראיון המלא עם גדעון אוקו בועידת הנגב 2026
Group 11
Dovi Frances - Full Interview | i24news Exclusive (English Subtitles)
Group 11
דובי פרנסס, ספרא כץ ואודי מוקדי: מובילים את מהפכת ה-AI | כנס IAC 2026 (כתוביות בעברית)
Group 11
Co-investors · 33
Zeev Ventures is a venture capital investor that backs technology startups, frequently participating from incorporation and seed stages and continuing through later rounds, often taking board seats.
Andreessen Horowitz (a16z) is a venture capital firm founded in 2009 by Marc Andreessen and Ben Horowitz, known for pioneering the platform model with a large team of operators supporting founders across stages.
Battery Ventures is a global investment firm that has backed more than 450 companies over its 40-year history, operating its investment staff as a single global unit.
01 Advisors is led by former Twitter CEO Dick Costolo, former Twitter COO Adam Bain, and Facebook's former Chief Revenue Officer David Fischer, who bring first-hand experience scaling Twitter, Google, and Facebook from early revenue to tens of billions in sales. They operate as "venture coaches" who deliberately avoid taking board seats so they can provide candid advice without formal constraints, focusing on Series A and B companies that have product-market fit but need help building professional sales organizations and revenue operations.
Greenoaks is a venture capital firm that makes extremely concentrated bets, famously putting ~40% of its initial $50M fund into a single company (Coupang) that returned roughly $8B, and continues to hold and grow public equity positions in its breakout companies rather than exiting after IPO like most VCs. The firm backs only ~15 companies per fund with $25-75M initial checks and operates as a registered investment adviser with a lean team focused on contrarian, high-conviction investments that they partner with for decades.
Chicago Ventures is an early-stage venture capital firm that partners with founders in industries it views as overlooked, writing high-conviction checks and taking board seats.
Lightspeed is a global venture capital firm that has spent over two decades backing innovative companies as an early and first investor.
Insight Partners is an investment firm focused on accelerating revenue and profit growth in software companies, providing capital and operational support through its Insight Onsite team.
Menlo Ventures is a venture capital firm that invests in transformative, early-stage AI companies across every layer of the modern AI stack, from applications and middleware to data infrastructure and foundation models.
Foundation Capital is an early-stage venture capital firm that commits to founders at the idea stage and maintains long-term relationships with portfolio companies through their growth journey.
IVP (Institutional Venture Partners) is a venture capital firm that backs breakout companies at critical inflection points, helping them grow into enduring market leaders.
Scale Venture Partners is an early-stage venture capital firm that partners with AI companies, supporting their transition from founder-led growth to a scalable go-to-market operation.
▶21 more co-investors
Ulu VenturesMontage VenturesKrillion VenturesnoaBenchmarkBain Capital VenturesMaveronBase10 PartnersGustoCyberstartsSarona VenturesEuclid Venture PartnersGlilot Capital PartnersFinch Capital10x GenomicsAlkeon CapitalFabric VCTakwin VenturesiAngels CapitalSilvertech VenturesJibe Ventures
Firms observed investing alongside Group 11, from public investor directories. Shared companies are the overlap with Group 11's recorded portfolio.
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