11-11 Ventures

11-11 Ventures is an innovation-driven venture capital firm founded in 2016 and headquartered at Tech Alpharetta's Innovation Center in the greater Atlanta area. The firm is one of the most active blockchain and Web3-focused VCs in the Southeast United States, backing early-stage companies across blockchain infrastructure, fintech, AI, and security. Founded by Arul Murugan, Kavitha Palani, and Paul Lopez, the firm invests at pre-seed and seed stages with checks typically ranging from $250,000 to $1 million and follow-on capacity up to $2 million. The fund is fully deployed across approximately 30 companies, with half the portfolio concentrated in blockchain infrastructure. Notable investments include tZERO, which became a unicorn in 2018; Bakkt, which went public on NYSE; Algorand; Helium; Kraken; Securitize; and Pocket Network. The portfolio has produced one unicorn, two IPOs, and one acquisition, spanning companies across North America and Europe. Paul Lopez manages the firm's GAIN (Greater Atlanta Investor Network) program. 11-11 Ventures backs founders at the earliest stages of company formation, providing capital alongside access to an active operator and investor network. Arul Murugan later co-founded Algo Capital and Borderless Capital, further deepening the firm's roots in the blockchain ecosystem. The team's hands-on approach and regional focus have helped establish Atlanta as a credible hub for Web3 investment activity.