Group 11

Beverly Hills, California, United StatesFounded 2012

Group 11 is a Beverly Hills-based venture capital firm founded in 2012 by Dovi Frances, specializing in fintech investments. The firm backs disruptive entrepreneurs redrawing the financial landscape, from seed stage through global expansion.

39% of their portfolio is in Fintech. Average disclosed round size is $102.6M (across 37 rounds with reported amounts).

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Portfolio

Fund Size

$200M

Top Stage

Seed

Last 12 Mo

Team

Dovi Frances

Founding Partner

Devon Morris

Partner

Hadas Sparfeld

Partner

Bikram Dang

Investor Relations

Carrie Drury

Operations

Lian Kimia

Head of Business Development & Value Creation

Roxane Googin

Chief Futurist

Michelle Chang

Senior Associate

Portfolio Breakdown

Stage Distribution

Sector Distribution

Investment Activity

DealsAvg Round Size

Portfolio

41 investments

Company	Round	Amount	Valuation	Date	Role
DDream Security	Unknown	$260M	—	Jan 2026
Dream	Series C	—	—	Feb 2025	participant
Dream	Series D	$260M	—	Jan 2025
Aeropay	Series B	$20M	—	May 2024	lead
Deshe Analytics	Seed	$6.5M	—	Jul 2022	lead
HomeLight	Series D	$115M	$1.7B	Jun 2022
Masterschool	Seed	$100M	—	May 2022	lead
AAntidote Health	Series A	—	—	Mar 2022	lead
Navan	Series G	$200M	—	Jan 2022
EquityBee	Series B	$55M	—	Sep 2021	lead
HomeLight	Series D	$100M	$1.6B	Sep 2021	participant
Sorbet	Series A	$21M	—	Jun 2021	lead
Venn	Series B	$60M	—	Jun 2021	lead
Sunbit	Series D	$130M	$1.1B	May 2021	lead
Lili	Series B	$55M	—	May 2021	lead
Next Insurance	Growth	$250M	$4B	Mar 2021	participant
Papaya Global	Series C	$100M	$1B	Mar 2021	participant
Papaya	Series C	$100M	$1B	Mar 2021
Next Insurance	Series E	$250M	$4B	Mar 2021
EquityBee	Series A	$20M	—	Feb 2021	lead
Giraffe Invest	Seed	—	—	Jan 2021
TTipalti Solutions	Series D	$270M	$8.3B	Jan 2021
Papaya Global	Series C	$100M	—	Jan 2021
Papaya Global	Series D	$250M	$3.7B	Jan 2021
Lili	Series A	$15M	—	Oct 2020	lead