# Group 11

Group 11 is a Venture Capital based in Beverly Hills, United States.

## Overview

- **Organization type:** Venture Capital
- **Headquarters:** Beverly Hills, United States
- **Region:** North America
- **Address:** Beverly Hills, CA, United States
- **Founded:** 2011
- **Assets under management:** Undisclosed
- **Website:** group11.vc
- **LinkedIn:** https://www.linkedin.com/company/group11

## Regulatory record

- **CRD number:** 299161
- **SEC file number:** 802-125954
- **Registration status:** Registered
- **Reports private funds:** Yes
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/299161

## About

Group 11 invests in companies redrawing the financial landscape. The firm's success depends entirely on the success of its companies; they win when their founders win. The name refers to the periodic table column of copper, silver, and gold (the coinage metals), which once underpinned the modern financial system. Like those metals, the companies they back are rare, precious, and not stumbled upon.

## Sectors

- FinTech
- Enterprise Software
- InsurTech
- PropTech
- Digital Health
- Cybersecurity

## People

- Dovi Frances — Founding Partner

## Questions

### Who makes investment decisions at Group 11?

Founding Partner Dovi Frances leads the investment committee and serves as the primary decision-maker on term-sheet issuance. Frances built the firm from a personal investment vehicle into an institutional-grade partnership without bringing on outside managing partners — a governance structure that concentrates deal authority in a single operator. The investment team includes principals and associates who source and diligence opportunities, but final capital-allocation discretion rests with Frances.

### How does Group 11 source proprietary deal flow?

The firm sources through three primary channels: Frances's network among Israeli enterprise-software founders and US FinTech operators, inbound referrals from the partnership's portfolio companies, and a deliberate content strategy that publishes theses on regulated-vertical software years before other investors arrive. Group 11 does not rely on demo-day pipelines or accelerator syndicates. The partnership's thesis research on embedded finance and payroll infrastructure functions as a top-of-funnel magnet for founders building in those categories.

### Which sectors does Group 11 explicitly avoid?

Group 11 has publicly maintained that it does not invest in consumer internet, hardware, biotech, or pure-play enterprise SaaS that lacks a regulatory or financial-services nexus. The firm also bypasses companies whose revenue models depend solely on advertising or data brokerage rather than transaction, subscription, or licensing income tied to regulated workflows. This negative screen reflects the partnership's view that defensibility in FinTech comes from regulatory moats, not user-acquisition velocity.

### What is Group 11's known posture on co-investments alongside external GPs?

Group 11 does not operate a fund-of-funds program, but the partnership selectively syndicates rounds with co-investors who bring operational expertise in payments, insurance, or compliance. The firm has co-invested alongside Thrive Capital, General Catalyst, and Bessemer Venture Partners in portfolio-company rounds. Group 11 prioritizes keeping its board seat and lead-investor rights when introducing outside capital.

### How is Group 11's investment strategy different from generalist early-stage funds?

Unlike generalist seed and Series A platforms, Group 11 concentrates exclusively on software companies that touch regulated industries — banking, insurance, payroll, real estate, and workforce compliance. That narrow aperture means the partnership does not need to build expertise across a dozen unrelated categories, but it also means the fund's performance is tightly correlated to FinTech exit windows. Frances has characterized this as a deliberate trade-off that rewards the partnership's regulatory and operational fluency.

### Does Group 11 maintain a presence outside the United States?

Group 11's headquarters sit in Beverly Hills, California, but the partnership maintains connectivity in Tel Aviv, Israel — a market that Frances has sourced heavily for cybersecurity and enterprise-software founders. The firm does not operate a separately incorporated international office, opting instead for periodic in-region sprints that align with its deal flow. Investment activity concentrates on US-headquartered companies with global operating footprints.

## Related profiles

- [Ground Up Ventures](https://altss.com/profile/ground-up-ventures)
- [Groupe Chevrillon](https://altss.com/profile/groupe-chevrillon)

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Last updated: 2026-08-11T15:06:57.816Z

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