Firms, funds, partners, companies and rounds from sworn filings, firm sites and announcements, kept as a graph with a date and a source on every edge. Facts, inferences and estimates are labelled as such. A fund target is never a close, GAV is never dry powder, and a round size is never an investor’s check.

Firms / 11 Tribes Ventures

11 Tribes Ventures

Micro VCOakbrook Terrace, IL11tribes.comSEC venture capital fund adviseremerging manager

venture manager, reported GAV $31.1M across 3 vehicles

Importance
19
moderate
Active deployment
55
elevated
Emerging
64
high
Completeness
56
elevated
Freshness
100
high
Research priority
34
moderate
Identity and regulatory footprint
Headquarters
Glen Ellyn, ILadviserinfo.sec.gov
Office address
411 N MAIN STREET, SUITE 111, Glen Ellyn, IL, 60137adviserinfo.sec.gov
Business phone
630-744-9088adviserinfo.sec.gov
Website
http://11tribes.com
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 19, 2026
Private funds reported
3 (3 venture capital funds)adviserinfo.sec.gov
Private fund gross assets
$55.0Madviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
Owners on Schedule A
RED River Holdings LLC (Partner), B; BVK Capital LLC (Partner), C; MB Phillips Holdings LLC (Parnter), C; Watterson Brands LLC (Member), A; Mountaineer Capital Holdings LLC - 11t Opco Series (Member), NA
business phone
630-744-9088adviserinfo.sec.govpublished by the subject
Stated thesis versus observed behaviour
8 observed deals
Stated (the firm’s website)
Sectors
not stated or not yet read
Stages
not stated or not yet read
Geography
not stated
Check size
not stated; DFX does not estimate checks from round sizes
Observed (from deals on record)
Stage at participation: no observed deals yet
Stage at first entry: no observed deals yet
Sectors
unknown 100%
lead rate n/afollow-on rate n/anew logos, 12 months 8
Funds and vehicles
3 reported
VehicleTypeVintageLifecycleReported GAVOwnersForm D soldLatest Form D
11 Tribes Ventures Fund II LPFund2023 form d first saleFundraising$14.2M
Mar 26, 2024
38$34.4M
of $40.0M
Apr 22, 2025
11 Tribes Ventures Access Fund II LPFund2023 form d first saleActive deployment$6.4M
Mar 26, 2024
62$12.0M
of $12.0M
Apr 22, 2025
11 Tribes Fund 1 LPFundunknownUnknown$10.4M
Mar 26, 2024
84$20.0M
of $20.0M
Oct 6, 2020
GAV 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.
Investment team
5 current, 0 departed
Billy J Watterson
Owner · since May 1, 2018
Partner
FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Brett E Verkaik
Owner · since May 1, 2021
Partner
FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Jeffrey Douglas Baxter
Owner · since Jan 1, 2019
Partner
FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Mark B Phillips
Owner · since Jul 1, 2021
Partner
FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Timothy B. Jenkins
Owner · since Dec 1, 2022
Partner
FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Investments on record
8 edges, 8 companies, 0 partner-attributed
CompanyRoundRolePartnerRound sizeThis investorDateSource
11 Tribes Venturesportfolio listingunknownunknownunknownunknownSep 16, 2026Fact Venture organization websites (about, team, portfolio, thesis, news pages)
8Baseportfolio listingunknownunknownunknownunknownSep 16, 2026Fact Venture organization websites (about, team, portfolio, thesis, news pages)
Bosa Lifeportfolio listingunknownunknownunknownunknownSep 16, 2026Fact Venture organization websites (about, team, portfolio, thesis, news pages)
Crownhuntportfolio listingunknownunknownunknownunknownSep 16, 2026Fact Venture organization websites (about, team, portfolio, thesis, news pages)
Founders, Incportfolio listingunknownunknownunknownunknownSep 16, 2026Fact Venture organization websites (about, team, portfolio, thesis, news pages)
Huntrportfolio listingunknownunknownunknownunknownSep 16, 2026Fact Venture organization websites (about, team, portfolio, thesis, news pages)
Reeskeportfolio listingunknownunknownunknownunknownSep 16, 2026Fact Venture organization websites (about, team, portfolio, thesis, news pages)
Sensegrassportfolio listingunknownunknownunknownunknownSep 16, 2026Fact Venture organization websites (about, team, portfolio, thesis, news pages)
“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.
Co-investors
3 relationships from shared deals, counted for the whole firm
Causation Ventures, L.L.C. 1 shared · one timePAX Momentum 1 shared · one timeAIM Master I (bvi) Ltd. 1 shared · one time
Limited partners
0 disclosed
No LP commitment on record. An LP edge needs a public disclosure with a quote: a pension report (see Limited partners for the plans read), a fund announcement naming the LP, or a Form ADV owner. The fund page carries the LP’s reported performance.
Timeline
4 dated events
  1. Nov 1, 2023
    11 Tribes Ventures first filed Form ADV (ERA, venture capital fund adviser exemption)
    First SEC adviser filingOrganizationFactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
  2. Nov 1, 2023
    11 Tribes Ventures Fund II LP first reported on Form ADV by 11 Tribes Ventures (Venture Capital Fund), GAV $10,965,000
    Fund first reported on Form ADVFundsFact11 Tribes Ventures Fund II LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
  3. Nov 1, 2023
    11 Tribes Ventures Access Fund II LP first reported on Form ADV by 11 Tribes Ventures (Venture Capital Fund), GAV $5,400,000
    Fund first reported on Form ADVFundsFact11 Tribes Ventures Access Fund II LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
  4. Nov 1, 2023
    11 Tribes Fund 1 LP first reported on Form ADV by 11 Tribes Ventures (Venture Capital Fund), GAV $10,400,000
    Fund first reported on Form ADVFundsFact11 Tribes Fund 1 LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Classification history
  1. Sep 12, 2026
    Micro VC (confirmed, 95%, cls-1)
    venture manager, reported GAV $31.1M across 3 vehicles
Evidence
37 observations from 3 sources
Every observation behind this profile, with its source, date and class
FactValueEffectiveClassSource
Why admittedvc_exemption,vc_funds_reportedMar 19, 2026FactSEC Form ADV monthly roster (registered + exempt reporting advisers)
SEC exemption claimedventure_capital_fund_adviserMar 19, 2026FactSEC Form ADV monthly roster (registered + exempt reporting advisers)
SEC exemption claimedventure_capital_fund_adviserMar 26, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
SEC adviser typeexempt_reporting_adviserMar 19, 2026FactSEC Form ADV monthly roster (registered + exempt reporting advisers)
SEC adviser typeexempt_reporting_adviserMar 26, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
First Form ADV filing2023-11-01Mar 26, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Adv history loadedadv-hist-1Sep 12, 2026FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Latest Form ADV filing2026-03-19Mar 19, 2026FactSEC Form ADV monthly roster (registered + exempt reporting advisers)
Latest Form ADV filing2024-03-26Mar 26, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
SEC statusERA - ActiveMar 19, 2026FactSEC Form ADV monthly roster (registered + exempt reporting advisers)
SEC status effective2023-11-01Mar 19, 2026FactSEC Form ADV monthly roster (registered + exempt reporting advisers)
Venture share of reported funds1Mar 26, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Business phone630-744-9088Mar 19, 2026FactSEC Form ADV monthly roster (registered + exempt reporting advisers)
Business phone630-744-9088Mar 26, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Contact page urlhttps://11tribes.com/contact/
“contact page linked from the home page”
Sep 16, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)
HeadquartersGlen Ellyn, ILMar 19, 2026FactSEC Form ADV monthly roster (registered + exempt reporting advisers)
HeadquartersOakbrook Terrace, ILMar 26, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Office address411 N MAIN STREET, SUITE 111, Glen Ellyn, IL, 60137Mar 19, 2026FactSEC Form ADV monthly roster (registered + exempt reporting advisers)
Office address1 MID AMERICA PLAZA, FLOOR 3, Oakbrook Terrace, IL, 60181Mar 26, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Legal formLimited Liability CompanyMar 19, 2026FactSEC Form ADV monthly roster (registered + exempt reporting advisers)
Legal formLimited Liability CompanyMar 26, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Portfolio pagehttps://11tribes.com/portfolio/
“8 entries read”
Sep 16, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)
Portfolio pagehttps://11tribes.com/portfolio/
“8 entries read”
Sep 15, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)
Private funds reported3Mar 19, 2026FactSEC Form ADV monthly roster (registered + exempt reporting advisers)
Private funds reported3Mar 26, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Private fund gross assets (reported)$55.0MMar 19, 2026FactSEC Form ADV monthly roster (registered + exempt reporting advisers)
Private fund gross assets (reported)$31.1MMar 26, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Team pagehttps://11tribes.com/team/
“0 name/title pairs read”
Sep 16, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)
Team pagehttps://11tribes.com/team/
“0 name/title pairs read”
Sep 15, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)
Venture funds reported3Mar 19, 2026FactSEC Form ADV monthly roster (registered + exempt reporting advisers)
Venture funds reported3Mar 26, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Websitehttp://11tribes.comMar 19, 2026FactSEC Form ADV monthly roster (registered + exempt reporting advisers)
Websitehttp://11tribes.comMar 26, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Site titleHome - 11 Tribes Ventures
“title tag”
Sep 16, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)
Site titleHome - 11 Tribes Ventures
“title tag”
Sep 15, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)