Group 11
Multi-stage venture firm, based in Beverly Hills, California, reporting $971M of fund assets on its funds' Form ADV filings.
Composed from this organization's classification, location and filed figures.
4 additional team members, 17 additional co-investors and affiliates, 42 additional investments, funds and LPs, 25 events, 4 verified contacts (2 firm phone, 2 professional url)
Every relationship, signal and contact on this record, with the source on each.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
What matters now
- 1 companyportfolio raising
One portfolio company has new financing on record in 6 months without this firm named on the round; the latest on 18 Jun 2026 ($260M round).
A portfolio company raising again is a follow-on decision for the firm and a co-investment opening for others.
People to know
View all people- Sole Member And Managing PartnerWhy: Managing partner: runs the firmNo route on file yet
- PartnerWhy: Partner: part of the investment decisionProfile
- ManagerWhy: Named with investment responsibilityNo route on file yet
Relationship network
72 connected entities5 observed rounds2 repeat counterparties
From financing rounds and every investor named in them, Form ADV and Form D filings, the firm's funds and team, and disclosed LP commitments in the venture capital graph. A round's amount is the size of the round, not money that moved between two investors.
Some relationships on this record are counted rather than named here. They open with the full profile.
Click any name or line for the rounds and sources behind it. Line weight is rounds together; dashed lines are inferred.
- Sponsor
- Company
- Fund or vehicle
- Person
›How strength and recency are read
Co-investors are read from the rounds: three or more shared rounds is a strong observed relationship, two a repeat co-investor, one a single round. Funds and people are structural. Nothing is scored that a reader cannot check.
Darker lines were active in the last 24 months or are current; lighter lines are older or undated.
How am I connected?
Name your firm, a company or a person, and DFX finds the published routes to Group 11: a shared portfolio company or board, a prior employer, a co-investor, a shared LP or service provider. Every step is a filed or published record with its source; none is a guess about who knows whom.
See how you connect to Group 11
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
Investing
23 companies on record, 0 new in 12 months
Investments on record
What these amounts mean“This investor” is the amount disclosed for this investor alone; it is unknown unless a source said it. The round size is the whole round.Acquired, Public, Exited and Active are what the firm’s own portfolio card says, read on the date shown when you hover the chip; they are not deal dates. A company with no chip is one whose card states no outcome: DFX does not assume it is active.| Company | Round | Role | Partner | Round size | This investor | Date | Source |
|---|---|---|---|---|---|---|---|
| Addepar | portfolio listing | unknown | unknown | unknown | unknown | Oct 1, 2026 | Fact Firm website |
| Aeropay | portfolio listing | unknown | unknown | unknown | unknown | Oct 1, 2026 | Fact Firm website |
| CapitalOS | portfolio listing | unknown | unknown | unknown | unknown | Oct 1, 2026 | Fact Firm website |
Stated thesis versus observed behaviour
- Sectors
- fintech
- Stages
- not stated or not yet read
- Geography
- not stated
- Check size
- not stated; DFX does not estimate checks from round sizes
Team
7 current, 1 departed
Decision makers
- Dovi Dov Frances · Sole Member And Managing PartnerWhy this person: Managing partner: runs the firm; Named with investment responsibility
- Devon Morris · PartnerWhy this person: Partner: part of the investment decision; Named with investment responsibilityLinkedIn or profile link on file (firm website), confirmed 2026-10-01, confidence 90%
Ranked by the role the firm or its filing states, a route on file and deals led. Every reason is read from the record, never inferred. 1 with a route on file. Routes are published by the person or the firm (their bio, the team page or a filing) and are revealed on a plan; data bought from a provider is never shown, and a route printed at a firm the person has since left is held back.
Investment team
How the team is orderedPartners who lead rounds first (rounds led, then deals attributed, then seniority), then the rest of the investment team, then investor relations, finance and operations. A person named by two sources under two spellings is shown once.- Sole Member And Managing Partner
- Manager · 5 deals attributed
- Partner
1 departed (kept with end dates)
- Hadas Sparfeld · Chief Compliance Officer · Apr 1, 2022 to May 24, 2022 Inference
Contacts
2 firm phone, 2 professional url on record, each with its source. Values open with the complete profile.
Funds and LPs
24 vehicles, 0 LPs disclosed
Funds and vehicles
What these amounts meanGAV is the gross asset value the adviser reported on Form ADV for the vehicle, never the fund’s committed size and never dry powder. Form D sold is the amount sold as of the latest filing, never a final close.| Vehicle | Type | Vintage | Lifecycle | Reported GAV | Owners | Form D sold | Latest Form D |
|---|---|---|---|---|---|---|---|
| Group 11 Tripactions IV, LLC | Fund | 2023 adv first reported | Active deployment | $3.4M Mar 31, 2026 | 32 | $0 | Sep 2, 2022 |
| Group 11 Tripactions V, LLC | Fund | 2023 adv first reported | Active deployment | $887,240 Mar 31, 2026 | 11 | unknown | unknown |
| Group 11 Fund VI, L.P. | Fund | 2022 form d first sale | Active deployment | $170M Mar 31, 2026 | 94 | $100M of $100M | Oct 4, 2024 |
Limited partners
Known LPs and allocators
What these amounts and dates areEach commitment is counted once across the pension tape and the allocator graph. A commitment date prints only when the source printed one; otherwise the row carries the report date. A foundation’s 990-PF line is a holding at fair value, never a commitment. Rows without a fund on the venture graph are commitments to this manager.Relationships across DFX
18 co-investors · on 1 other DFX graph
Co-investors
- 2026-10-011 shared deal · one time
- 2026-10-011 shared deal · one time
- 2026-10-011 shared deal · one time
Across DFX and the capital chainon 1 other DFX graph ShowHide
- The same institution is held on RIA and Wealth, matched by identifier. See which records
Group 11 is the same institution as 1 record in RIA and Wealth.
The joined record opens with the product, beside every other relationship on this page.
Checking your plan…
Evidence and history
30 dated events, 63 observations from 3 sources
Timeline
- seen on or beforeSep 23, 2026Group 11: INSTITUTIONAL_VC -> MULTI_STAGE_VC (both early and growth/opportunity families, reported GAV $975M)Classification changedClassificationInference
- Mar 31, 2026JAM Group 11 Lw, LLC first reported on Form ADV by Group 11 (Venture Capital Fund), GAV $10,500,000
- Mar 31, 2026Group 11 Dream I, LLC first reported on Form ADV by Group 11 (Venture Capital Fund), GAV $7,299,987
- Mar 31, 2026Group 11 Opportunity Fund I, L.P. first reported on Form ADV by Group 11 (Venture Capital Fund), GAV $27,260,979
- Mar 31, 2026Group 11 Dream II, LLC first reported on Form ADV by Group 11 (Venture Capital Fund), GAV $5,299,940
Identity and regulatory footprint
Address, phone, Form ADV filing and ownersForm ADV filed Mar 31, 2026 · 23 private fundsShowHide
- Headquarters
- Beverly Hills, CAadviserinfo.sec.gov
- Office address
- unknownadviserinfo.sec.gov
- Business phone
- unknownadviserinfo.sec.gov
- Website
- group11.vc
- SEC adviser type
- Exempt reporting adviseradviserinfo.sec.gov
- SEC exemption claimed
- Venture capital fund adviseradviserinfo.sec.govItem 2.B(1): advises solely venture capital funds
- Latest Form ADV
- Mar 31, 2026
- Private funds reported
- 23 (23 venture capital funds)adviserinfo.sec.gov
- Private fund gross assets, adviser total
- $971Madviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
- Owners on Schedule A
- Group 11 GP IV, LLC (General Partner Of Group 11 Fund Iv, L.P.), owns 75% or more; SG Vc GP III, LLC (General Partner Of Sg Vc Fund Iii, L.P.), owns 75% or more; SG Vc GP II, LLC (General Partner Of Sg Vc Fund Ii, L.P.), owns 75% or more
Classification history
Classification history
Every classification this record has carried2 on recordShowHide
- Sep 23, 2026Multi-stage venture firm (confirmed, 95%)Both early and growth/opportunity families, reported GAV $975M
- Sep 12, 2026Institutional venture firm (confirmed, 95%)Venture manager, reported GAV $1.0B across 17 vehicles
Evidence
Every observation behind this profile, with its source, date and class
| Fact | Value | Effective | Class | Source |
|---|---|---|---|---|
| Why admitted | VC exemption, VC funds reported | Mar 31, 2026 | Fact | Form ADV |
| SEC exemption claimed | Venture capital fund adviser | Mar 31, 2026 | Fact | Form ADV |
| SEC exemption claimed | Venture capital fund adviser | Mar 8, 2024 | Fact | Form ADV |
| SEC adviser type | Exempt reporting adviser | Mar 31, 2026 | Fact | Form ADV |
| SEC adviser type | Exempt reporting adviser | Mar 31, 2026 | Fact | Form ADV |
| SEC adviser type | Exempt reporting adviser | Mar 8, 2024 | Fact | Form ADV |
| First Form ADV filing | 2021-09-03 | Mar 31, 2026 | Fact | Form ADV |
| First Form ADV filing | 2021-09-03 | Mar 8, 2024 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-30 | Oct 1, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-29 | Sep 30, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-25 | Sep 26, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-23 | Sep 24, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-21 | Sep 23, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-22 | Sep 23, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1 | Sep 12, 2026 | Fact | Form ADV |
| Latest Form ADV filing | 2026-03-31 | Mar 31, 2026 | Fact | Form ADV |
| Latest Form ADV filing | 2026-03-31 | Mar 31, 2026 | Fact | Form ADV |
| Latest Form ADV filing | 2024-03-08 | Mar 8, 2024 | Fact | Form ADV |
| SEC status | ERA - Active | Mar 31, 2026 | Fact | Form ADV |
| SEC status effective | 2022-05-24 | Mar 31, 2026 | Fact | Form ADV |
| Venture share of reported funds | 1 | Mar 31, 2026 | Fact | Form ADV |
| Venture share of reported funds | 1 | Mar 8, 2024 | Fact | Form ADV |
| Business phone | Mar 31, 2026 | Fact | Form ADV | |
| Business phone | Mar 8, 2024 | Fact | Form ADV | |
| Contact page url | Oct 1, 2026 | Fact | ||
| Contact page url | Sep 16, 2026 | Fact | ||
| Headquarters | Beverly Hills, CA | Mar 31, 2026 | Fact | Form ADV |
| Headquarters | Beverly Hills, CA | Mar 8, 2024 | Fact | Form ADV |
| Office address | Mar 31, 2026 | Fact | Form ADV | |
| Office address | Mar 8, 2024 | Fact | Form ADV | |
| Legal form | Corporation | Mar 31, 2026 | Fact | Form ADV |
| Legal form | Corporation | Mar 8, 2024 | Fact | Form ADV |
| Portfolio page | Oct 1, 2026 | Fact | ||
| Portfolio page | Sep 16, 2026 | Fact | ||
| Portfolio page | Sep 13, 2026 | Fact | ||
| Private funds reported | 23 | Mar 31, 2026 | Fact | Form ADV |
| Private funds reported | 23 | Mar 31, 2026 | Fact | Form ADV |
| Private funds reported | 17 | Mar 8, 2024 | Fact | Form ADV |
| Private fund gross assets (reported) | $971M | Mar 31, 2026 | Fact | Form ADV |
| Private fund gross assets (reported) | $971M | Mar 31, 2026 | Fact | Form ADV |
| Private fund gross assets (reported) | $1.0B | Mar 8, 2024 | Fact | Form ADV |
| Schedule a diff | sadiff-1 | Mar 31, 2026 | Fact | Form ADV |
| Stated sectors | fintech “sector words on the home page” | Oct 1, 2026 | Fact | |
| Stated sectors | fintech “sector words on the home page” | Sep 16, 2026 | Fact | |
| Stated sectors | fintech “sector words on the home page” | Sep 13, 2026 | Fact | |
| Team page | Oct 1, 2026 | Fact | ||
| Team page | Sep 16, 2026 | Fact | ||
| Team page | Sep 13, 2026 | Fact | ||
| Venture funds reported | 23 | Mar 31, 2026 | Fact | Form ADV |
| Venture funds reported | 23 | Mar 31, 2026 | Fact | Form ADV |
| Venture funds reported | 17 | Mar 8, 2024 | Fact | Form ADV |
| Website | Mar 31, 2026 | Fact | Form ADV | |
| Website | Mar 8, 2024 | Fact | Form ADV | |
| Site title | Oct 1, 2026 | Fact | ||
| Site title | Sep 16, 2026 | Fact | ||
| Site title | Sep 13, 2026 | Fact |
How this is scored
Scores, classification basis and filing advisersMulti-stage venture firm, confirmedShowHide
Both early and growth/opportunity families, reported GAV $975M
- importance
- gav: 0.6 · funds: 1 · people: 0.2 · investments: 0.54 · co investors: 0.51
- active deployment
- investments 12m: 0 · fund raising 18m: 0 · people joined 12m: 0 · vintage within 3y: 1 · latest investment at: not scored
- emerging manager
- fund count: 25 · reported gav: $971M · first adv filing: 2021-09-03 · years since first filing: 5.1
Fits, record history and connections
scored matches for this investor, every identity change, every edge
Record history
- Organization classification changed2026-09-23
- Adviser's first ADV filing2021-09-03source on record
The ledger records every merge, rename and reclassification this record went through and the dated filings observed on it, so the identity on this page can be traced to the records it was built from. The ledger's own sentences name other records, so they show with the names.