Group 11

Group 11 is a Los Angeles-based venture capital firm specializing in supporting disruptive Israeli-related software companies from their inception through global expansion. Founded in 2012 by Dovi Frances, the firm has strategically invested over $600 million in software companies that have become some of Silicon Valley’s most innovative financial technology platforms, including Tipalti, Navan (formerly TripActions), Next Insurance, Sunbit, HomeLight, and Masterschool. Group 11's investment philosophy focuses on identifying rare and precious companies, akin to the coinage metals—copper, silver, and gold—that once formed the foundation of the modern financial system.

The firm emphasizes a sector-specific, agile approach, heavily investing in Israeli-related tech, and publicly sharing performance insights through in-depth macro-research. This distinct approach has led to significant recognition, including being named the #1 Top Performing Venture Capital Fund Manager in America by Preqin in 2024. Additionally, Group 11 secured over $120 million for its fifth fintech fund in 2024, underscoring its strong position in the venture capital landscape.

Group 11's portfolio includes seven companies that achieved unicorn status, such as Tipalti (valued at $8.3 billion), Navan (valued at $9.2 billion), and Next Insurance, which was acquired for $2.6 billion in 2025. Other investments include HomeLight, Sunbit (valued at $1.1 billion), Dream Security, Masterschool, AeroPay, BridgeWise, Healthee, and Venn. This track record reflects Group 11's ability to identify category-defining companies and serve as a trusted partner to exceptional entrepreneurs.