SGVC (now Group 11)

SGVC — originally founded in Los Angeles in late 2011 and now operating as Group 11 — is a venture capital firm led by Founding Partner Dovi Frances, the Israeli-American investor widely recognized for building one of the best-performing fintech portfolios of the past decade. Maintaining strong ties to the Israeli technology ecosystem, the firm backs Israeli-related software companies from inception through global expansion, with a tightly defined investment thesis: early- and growth-stage software companies disrupting the $16 trillion global financial services industry. The firm leads rounds and concentrates on fintech, wealth tech, insurtech, real estate tech, and adjacent B2B enterprise software, typically writing initial checks of $3 million to $10 million at Series A through C. Fund III closed at $51 million in November 2018; the successor Group 11 vehicle raised $120 million, bringing reported AUM to approximately $150 million and aggregate career deployment to more than $600 million. The portfolio has produced some of Silicon Valley's breakout fintech names, including Tipalti (B2B payables automation), Navan (formerly TripActions, enterprise travel and expense), Next Insurance, Sunbit, HomeLight, SoFi, Addepar, and Masterschool. Across 30 investments the firm has backed companies that have collectively reached significant scale in the financial services software category. All active fundraising and new investment activity is conducted under the Group 11 brand at group11.vc. The firm's track record demonstrates that a focused thesis — one sector, one geography-adjacent network, one consistent lead GP — can generate outsized returns when executed with discipline over multiple fund cycles.