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SGVC, now known as Group 11, is a Los Angeles-based venture capital firm specializing in early to growth-stage software investments. It backs disruptive B2B companies across fintech, insurtech, proptech, and enterprise software sectors. Group 11's investment approach provides capital and resources to scalable businesses that leverage technology to reshape their industries.
The venture fund originated as SGVC and was rebranded to Group 11 in May 2015 by founding partner Dovi Frances. An Israeli-American venture capitalist, Frances established the firm with an insight into supporting promising Israeli-related software companies. His vision aimed to guide these ventures from foundational stages through global expansion.
Group 11 invests in companies developing transformative financial infrastructure and enterprise software. The firm's mission is to empower technology leaders redrawing the global financial landscape. It partners with founders committed to building enduring enterprises that will become integral cornerstones of the future economy.
SGVC has 2 tracked investments across 2 companies. The latest tracked deal is $150.0M Series C in Navan in November 2018.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Nov 1, 2018 | Navan | $150.0M Series C | — | 01 Advisors, Accel, Andreessen Horowitz, H.I.G. Capital, Insight Partners, Lightspeed Venture Partners, M12, MAC Venture Capital, Norwest Venture Partners, OWL Rock Capital Partners, Scout Ventures, Serena Ventures, SNR, Tsvc Capital, Zeev Capital, Armando Mann, Steve Stoute, Oren Zeev |
| Apr 6, 2015 | Kifi | $11.0M Series A | — | DON Katz, Gary Ginsberg, Liron Petrushka, Mohan Gyani, Oren Zeev, Richard Sarnoff, Wicklow Capital |
