Dovi Frances
Founder of The Institute
Los Angeles Metropolitan Area
Overview
Work Experience
Founding Partner
2012 - Current
Group 11 is a venture capital firm focused on financial technology companies.
Co-Founder
2024
Launched in May 8th 2024, The Institute represents a national collaborative endeavor to bolster Israel’s competitive technological edge through extensive research and development of Artificial Intelligence. This effort is led by Group 11 in partnership with Ben-Gurion University of the Negev, the 8200 Unit, and prominent global AI corporations including NVIDIA, Dream, and Microsoft. Committed to the future prosperity of Israel, The Institute initiative is dedicated to positioning the nation as a global leader in AI, with a strategic emphasis on critical sectors including cybersecurity, health, finance, and education. Situated within Ben-Gurion University of the Negev, The Institute delivers customized training programs tailored for corporate executives. The program equips them with the necessary tools to navigate the AI paradigm shift in the economy. The Institute also serves as a hub for nurturing and educating the next generation of researchers and talents, including graduates from military tech units, thus ensuring a sustainable pipeline of skilled professionals poised to drive Israel's economy forward through the development and deployment of Artificial Intelligence.
Board Member and Major Investor (Led Seed round, co-led A)
2022
Board Member and Major Investor (Led Seed round, participated or co-led follow on rounds)
2021
Board Member and Major Investor (Led Seed round, participated or co-led follow on rounds)
2023
Bridgewise closes the financial information gap, empowering global investors to make informed decisions across markets and languages.
Raised $35,000,000.00 from SIX, L4 Venture Builder and Group 11.
Board Member and Major Investor (Led Seed round, participated or co-led follow on rounds)
2021
Board Member and Major Investor (Led Seed round, participated or co-led follow on rounds)
2016
Sunbit offers pay-over-time technology that allows users to finance everyday expenses by dividing payments into manageable installments.
Raised $1,124,970,000.00 from JP Morgan, Waterfall Asset Management, Mizuho Bank, Citi, Ares Management and Waterfall Asset Management.
Board Member and Major Investor (Led Seed round, participated or co-led follow on rounds)
2019
Lili is a one-stop shop for small business financial needs like banking, accounting, and taxes.
Raised $80,000,000.00 from Target Global, SilverStone Investment, Google for Startups, Group 11, Foundation Capital, AltaIR Capital and Zeev Ventures.
Participated in Series Seed and A, Led Series A-1 and continued to follow on)
2012
Tipalti is a global payables automation platform that provides a cloud solution to scale and automate global payables operations.
Raised $715,000,000.00 from Hercules Capital and JP Morgan Chase.
Advisor and Major Investor (Participated in Seed round and on)
2015
3045 Park Blvd. is a R&D building that accommodates indoor and outdoor workspaces.