Fundraising Fox
Beverly Hills · Seed–Series A · 8 people tracked
Also known as URSUS VENTURES
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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 Sep 29, 2026.
Team · 8 people
from the firm's website & public directories
What they invest in
from 26 of 36 portfolio companiesFintech ×16AI & Machine Learning ×11SaaS ×11Enterprise Software ×9Data & Infrastructure ×4Marketplaces ×4PropTech ×3Cybersecurity ×2
HQs:United States×18Canada×2Israel×1
Who they back
founder profiles across 15 portfolio companiesFounding team size:solo founder×52 founders×53 founders×24+ founders×3
Where their founders studiedfrom 16 founders with education data
Tel Aviv University ×3Ben-Gurion University of the Negev ×2Stanford University ×2
What their founders studiedfrom 16 founders with field-of-study data
Computer Science ×9Business & Management ×3Finance & Accounting ×3Engineering ×2
Where their founders worked beforefrom 19 founders with career history
Mercury ×2Revolut ×2sunday ×2
Investments · 36 tracked
founders shown can be your intro pathBy year:2026 · 12025 · 32024 · 12023 · 12022 · 42021 · 72019 · 12017 · 12014 · 221 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 SoftwareFintechSaaSTravel & HospitalityPalo Alto, US
CohenTwigAriel Cohen(Founder)inAurélien Nolf(Chief Financial Officer)inMichael Sindicich(President)inAriel Cohen Ilan Twig(Founder)
Co-investors01 AdvisorsAkkadian VenturesAlkeon InnovationAndreessen HorowitzBase PartnersCoatue Management+20 more
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(Founder)inOren Barziali(Executive Officer, Director)Oren Barzilai(Founder)inArik Moav(Executive Officer, Director)inMody Radashkovich(Founder)
Board seatDovi Frances· per SEC Form D
Co-investorsAltaIR CapitalBattery VenturesGreenfield PartnersLocalGlobeQuest Venture Partners
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)in
Board seatDovi Frances· per SEC Form D
Co-investorsAltaclub VCAltaIR CapitalAlumni VenturesChicago VenturesG SquaredSoundproof Ventures+3 more
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)inEric Poirier(Chief Executive Officer and Board Member)inStephen Snyder(Executive Officer)inMitchell Bompey(Chief Financial Officer)inJason Mirra(Founder)
BoardLaurence Tosi(Director)in
Co-investors8VCBlumberg CapitalCollective LiquidityCota CapitalCraft VenturesCresset Capital+18 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 provides virtual primary care through board-certified physicians who deliver telehealth services covering preventive care, chronic disease management, urgent care, and specialized support including women's health and pediatric care.
Digital HealthHealthtechInsurTech
Co-investorsBRM CapitalDaybreak PartnersLongevity Venture PartnersWelltech VenturesFlint CapitaliAngels
BridgeWise provides AI-driven investment intelligence and analytics for global investors, covering over 70,000 assets across markets.
AI & Machine LearningFintech
Dor Eligula(Co-founder)in
Co-investorsL4 Venture Builder
CapitalOS provides embedded financial infrastructure that lets software platforms offer business credit and pre-funded cards, spend controls, bill pay, cash management, and automated invoicing to their users.
Enterprise SoftwareFintechSaaS
Nir Dremer(Co-founder)inMatan Goldschmiedt(Co-founder)in
Co-investorsUpper90Great North VenturesHoneyBook
Dream.jobs is a job search platform that matches candidates to job openings by comparing an uploaded CV against thousands of job listings using an algorithm.
AI & Machine LearningHR TechMarketplaces
Co-investorsZero Gravity CapitalAntlerBain Capital VenturesBicycle CapitalTru Arrow Technology Partners
Alexander Halpern(Founder)inGil Dolev(Founder)Keiichi Sasahara(Founder)Ryland Birchmeier(Founder)inSadaharu Tanikawa(Founder)Sebastian Kurz(Founder)
Co-investorsAlephY Combinator
Dream builds sovereign technology systems that let national governments manage critical assets and infrastructure within their own borders and control.
AI & Machine LearningCybersecurityDefense TechGovTech
Shalev Hulio(Founder & CEO)inSebastian Kurz(Founder)in
Co-investors7GC & CoBain Capital VenturesCriticalityGiTV, Inc.Invariantes FundSparkwave Capital+7 more
Fintastic is an enterprise planning and analysis platform designed for rapid financial modeling and forecasting.
AI & Machine LearningEnterprise SoftwareFintechSaaS
Jonathan Einav(Founder)in
Co-investorsD&FG ElementsBenhamou Global Ventures
Healthee provides an AI-powered health plan comparison platform that helps employees select appropriate insurance coverage during open enrollment based on their family needs and healthcare priorities.
AI & Machine LearningEnterprise SoftwareHealthtechHR TechSaaS
Guy Benjamin(Founder)inDr. Elad Ofir(Founder)in
Co-investorsFin CapitalGlilot Capital PartnersInvariantes FundKey1 Capital
HomeLightoffers bridge loans and financial solutions that allow homebuyers to remove sale contingencies and access equity for home purchases.
Data & InfrastructureFintechMarketplacesPropTechSan Francisco, US
Drew Uher(Founder)inAndrew Uher(Founder)in
BoardTyler Sosin(Director)inOren Zeev(Director)in
Co-investors500 GlobalBullpen CapitalCollective LiquidityCrosslink CapitalFundersClubG Ventures+19 more
Lili offers business financing products, including a flexible line of credit and structured loans ranging from $5K to $750K+, managed within a customer's Lili account.
FintechSaaSNew York, US
Lilac Bar David(Founder)in
Co-investorsAltaclub VCAltaIR CapitalFoundation CapitalPrimary Venture PartnersSilvertech VenturesTarget Global+2 more
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 GlobalPitango
NEXT Insurance (ERGO NEXT) sells small-business insurance online, including general liability policies with product liability coverage for retailers, online sellers, wholesalers, and product makers.
FintechInsurTechSaaSPalo Alto, US
Guy Goldstein(Founder)Alon Huri(Founder)inNissim Tapiro(Founder)in
BoardNick Shalek(Director)inEitan Bek(Director)inMatthew McElhattan(Director)
Co-investors1435 CapitalAllianz XBattery VenturesCapitalGG SquaredMS&AD Ventures+36 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(Founder)inNate Levine(Founder)inJoseph Lonsdale(Executive Officer, Director)inAinslie Mayberry(Executive Officer)inMike Rosengarten(Executive Officer, Director)inDakin Sloss(Founder)
Co-investors8VCACME CapitalAlumni VenturesAndreessen HorowitzBalaji SrinivasanCota Capital+14 more
Papaya operates an online and mobile service for buying movie tickets.
Fintech
Gary UrteagaInma CañadasManuel Olguin
Co-investors500 GlobalBessemer Venture PartnersGreenoaksInsight PartnersScale VenturesTiger Global Management+1 more
Papaya is an optimization platform that connects to AI agents via SDK, analyzes production traces across context, prompts, prompt caching, subagents, and tool calls, and delivers ranked recommendations—pushed to production as pull requests once approved—to improve agent quality, latency, and cost.
AI & Machine LearningEnterprise SoftwareSan Francisco, US
Macy Mody(CEO)inNiyaz Puzhikkunnath(CPO)inFaiz Vadakkumpadath(Founder)in
Co-investorsY CombinatorBessemer Venture PartnersGreenoaksInsight PartnersScale VenturesTiger Global Management+1 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(Founder)inOfer Herman(Founder)Ruben Drong(Founder)
Co-investorsAlkeon InnovationBessemer Venture PartnersClaltechInsight PartnersIVP (Institutional Venture Partners)New Era Capital Partners+6 more
Reali is a real estate brokerage team that helps clients buy and sell homes, offering financing options such as cash offers and buy-before-you-sell programs.
FintechPropTechSan Carlos, US
Amit Haller(Executive Officer, Director)inDafna Ben Porat Akiva(Executive Officer)inEnrique Albert(Executive Officer)
Co-investorsAkkadian VenturesWestern Technology InvestmentSignia Venture PartnersZeev 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
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)inCarrie Casanas(Executive Officer)inG. Scott Greenburg(Executive Officer)Shauna Barker(Executive Officer)
BoardJulie Allegro Constantin(Director)Terry Kramer(Director)
Co-investorsAllegro Venture PartnersFloodgateFTV CapitalSWaN & Legend Venture PartnersWestern Technology Investment
Tipalti is an AI-powered finance automation platform that automates accounts payable, mass payments, procurement, and employee expenses for growing companies.
AdTechAI & Machine LearningEnterprise SoftwareFintechSaaS
Chen Amit(Founder)inRob Israch(President)inOren Zeev(Founder)
Co-investors01 AdvisorsAccel-KKRG SquaredMoxxie VenturesNimble PartnersSummit Peak Ventures+5 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)inAlex Osipov(Founder)Chen Avni(Founder)David Matalon(Founder)Jacob Kazakevich(Founder)
Co-investorsBridges IsraelGradient VenturesLeft Lane CapitalnoaXYZ Venture CapitalCIM Group+6 more
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Venn is a decentralized blockchain security network built on EigenLayer's cryptoeconomic model, offering an SDK that lets security teams integrate their own threat models on-chain.
Crypto & Web3CybersecurityData & Infrastructure
Co-investorsCollider VenturesCIM GroupFinTLV VenturesHamilton LaneLatitudeLeft Lane Capital+2 more
Venn provides resident management software for property operators, featuring a unified platform that centralizes resident data, automates workflows, and generates revenue through membership offerings and services.
AI & Machine LearningData & InfrastructurePropTechSaaSNew York, US
Ben Picket(Director of Strategic Operations)
Co-investorsLocalGlobeCIM GroupFinTLV VenturesHamilton LaneLatitudenoa
Voca.ai developed AI-powered voice assistants for enterprise call centers, using natural language processing and emotion analysis to automate customer service interactions.
Co-investorsLool VenturesAmerican Express Ventures (Amex)Flint Capital
Other
Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.
INSURIGHTS, INC.SMBXDeshe AnalyticsGiraffe InvestLoop CommerceRadPadRedkix
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 · 4
1 IPOs · 3 acquisitions · showing 3NavanNASDAQ: NAVNLoop Commerceacq. by Synchrony FinancialRedkixacq. by Meta
Portfolio news
latest coverage across their companiesPapaya · ycombinator.com · Sep 16, 2026
Homelight · forgeglobal.com · Sep 2, 2026
Venn · finance.yahoo.com · Nov 18, 2025
Tipalti · tipalti.com · Sep 24, 2025
Addepar · fintech.global · May 13, 2025
Healthee · prnewswire.com · Apr 22, 2025
Frequently asked questions
- How many investments has Group 11 made?
- Group 11 has 36 tracked investments, 4 of which have exited, including 4 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, G Squared, among 91 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.
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.
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.
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.
BCV Labs is the platform and hands-on support arm of Bain Capital Ventures, providing portfolio founders with go-to-market strategy, brand development, hiring assistance, and customer introductions.
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.
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 Venture Partners is a global venture capital firm that backs founders from Seed through Series F and beyond, emphasizing deep, immersive partnerships with the companies it invests in.
Menlo Ventures is an early-stage venture capital firm backing transformative technology companies, with a strong current emphasis on artificial intelligence across enterprise, healthcare, and consumer markets.
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 high-growth companies, emphasizing partnership and hands-on support to help portfolio companies scale toward market leadership.
▶21 more co-investors
Scale Venture PartnersUlu VenturesMontage VenturesGlilot Capital PartnersAlkeon CapitalKrillion VenturesnoaSilvertech VenturesBenchmarkMaveronBase10 PartnersGustoCyberstartsSarona VenturesEuclid Venture PartnersFinch Capital10x GenomicsFabric VCTakwin VenturesiAngels CapitalJibe 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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