Dovi Frances
Founding Partner @ Group 11
Los Angeles, United States
Dovi Frances is an Israeli-American venture capitalist and the Founding Partner of Group 11, a Los Angeles-based venture capital firm dedicated to supporting disruptive Israeli-related software companies from their inception through their global expansion.Over the course of his career, Frances has strategically invested over $600 million insoftware companies that have gone on to become some of Silicon Valley's most innovative and disruptive financial technology software platforms, including Tipalti, Navan (fka TripActions), Next Insurance, Sunbit, HomeLight, and Masterschool, to name a few.Frances is the youngest member to ever be elected to the Board of Governors of Ben-Gurion University of the Negev and serves on the Steering Committee of the Israel Collaboration Network (ICON).Prior to launching Group 11 in 2012, Frances spent nearly a decade in the financial services industry. He launched and managed an independent financial advisory firm, and also served as Vice President at Deutsche Bank AG Private Bank (NYSE: DB).He currently serves on the boards of Tipalti, HomeLight, Sunbit, Masterschool, EquityBee, Lili, Venn, Sorbet, BridgeWise, and Healthee. He is also an Advisor to Navan (fka TripActions).Frances earned his Bachelor’s degree from Ben-Gurion University of the Negev and went on to earn his MBA from UCLA Anderson School of Management.Frances was born in Holon, Israel in 1978. He moved to California in 2006 and currently resides in Brentwood, Los Angeles with his wife Roni Eshel, Israel’s former surf champion, and two children.
- Total investments:
- 68
- Last investment:
- Lead investor:
- 47%
Last updated:
For AI agents: llms.txt
Industries Dovi Frances invests in
Stages Dovi Frances invests in
Countries Dovi Frances invests in
Contacts
| Type | Contact | Validation |
|---|---|---|
| Work email | ||
| Personal email | ||
| Work phone | ||
| Personal phone | ||
| Socials |
Investment Focus
Industry
- FinTech 11 (16%)
- Software 7 (10%)
- Financial Services 7 (10%)
- Payments 5 (7%)
- Artificial Intelligence 4 (6%)
Stage
- Series B 14 (21%)
- Seed 13 (19%)
- Series A 10 (15%)
- Series C 7 (10%)
- Series D 7 (10%)
Country
- United States 19 (28%)
- Israel 6 (9%)
Investments
| Company | Description | Round | Links |
|---|---|---|---|
| Dream Security provides critical infrastructure defensive cyber solutions. | $260M / Series C / Jun 18, 2026 | ||
| Venn creates a new way of urban neighboring by managing homes, creating shared spaces, supporting hyperlocal business initiatives and services, programs events, and facilitating community engagement – all on a neighborhood-wide level. Operating by the motto, “If they build it, they will stay,” venn’s platform encourages urbanites to become activecreators and participants in the development of their community and enables developing neighborhoods to become as vibrant and desirable as the downtown core. Founded in 2016 by people raised in the Big City and in cooperative communities, venn is a new movement of neighboring that impacts tens of thousands of people in three cities (Tel Aviv, Brooklyn, and Berlin) with +75 employees | $52M / Series B / Nov 19, 2025 | ||
| Dream Security provides critical infrastructure defensive cyber solutions. | $45M / Secondary Market / Aug 31, 2025 | ||
| Healthee provides an AI-driven platform designed to simplify health benefits navigation for employees and employers. The platform includes a plan comparison tool that assists employees in evaluating and selecting health plans based on individual or family needs. This tool utilizes self-reported health information to provide tailoredrecommendations, streamlining the open enrollment process. Healthee also offers wellness tracking features, enabling users to monitor essential health milestones such as annual physicals, dental exams, and vision appointments. This functionality supports preventive care and encourages proactive health management. | $30M / Series B / Apr 22, 2025 | ||
| Dream Security provides critical infrastructure defensive cyber solutions. | $100M / Series B / Feb 17, 2025 | ||
| Aeropay is America’s pay by bank network, making payments simpler and smarter for the digital economy.Our integrated products and national network turn bank linking, money movement, and risk prevention into a seamless and reliable part of any payment experience.Businesses of every size use Aeropay to lower payment costs, accelerate cashflow,and guarantee success—at scale. | $20M / Series B / May 16, 2024 | ||
| Bridgewise aims to become the industry standard for equity research by applying advanced AI to provide faster, more accessible, and trusted coverage in every language for all global financial instruments. Nowadays, BridgeWise delivers high-quality and easy-to-read stock reports for >44,000 stocks in 134 exchanges. The unbiased machine-generatedrecommendation surface untapped investment opportunities and makes high-end research accessible to all active inventors worldwide. | $21M / Series A / Apr 16, 2024 | ||
| Healthee provides an AI-driven platform designed to simplify health benefits navigation for employees and employers. The platform includes a plan comparison tool that assists employees in evaluating and selecting health plans based on individual or family needs. This tool utilizes self-reported health information to provide tailoredrecommendations, streamlining the open enrollment process. Healthee also offers wellness tracking features, enabling users to monitor essential health milestones such as annual physicals, dental exams, and vision appointments. This functionality supports preventive care and encourages proactive health management. | $32M / Series A / Mar 04, 2024 | ||
| Dream Security provides critical infrastructure defensive cyber solutions. | $33.6M / Seed / Nov 21, 2023 | ||
| Dream Security provides critical infrastructure defensive cyber solutions. | $20M / Pre-Seed / Oct 12, 2022 | ||
| See all 68 investments → | |||
Co-Investors
About Group 11
Founded in 2012 by Dovi Frances, Group 11 invests in visionary entrepreneurs using the unstoppable momentum of technology and AI to reshape industries across cybersecurity, enterprise software, digital infrastructure, and beyond. Since inception, the firm has deployed $700 million across seven funds and SPVs in category-defining companies such as Navan, Next Insurance (sold to MunichRe for $2.6 billion), Tipalti, HomeLight, Sunbit, Dream Security, Masterschool, Venn City, AeroPay, Healthee, and BridgeWise. This track record reflects Group 11’s ability to repeatedly back category leaders and serve as a trusted partner to exceptional entrepreneurs. Group 11 typically invests early, leading or co-leading rounds with the clear goal of becoming the largest investor on the cap table for the long term. The firm remains deeply engaged with founders well beyond the initial investment, leveraging its global LP network, strategic introductions, and operational expertise to help portfolio companies dominate their categories.
Group 11 Contacts
| Name | Phone | Socials | |
|---|---|---|---|
Avichai Hazan
Limited Partner
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Zohar Ilinetsky
Limited Partner
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Devon Morris
Partner
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Dovi Frances
Founding Partner
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Hadas Sparfeld
COO and CFO
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FAQ
What does Dovi Frances invest in?
Dovi Frances invests primarily in FinTech, Software and Financial Services startups, most often at Series B and Seed stage. Most of the 68 investments tracked by Shizune back companies in United States. The Investment Focus section breaks down every industry, stage and country in the portfolio.
How do I contact Dovi Frances?
Public channels for Dovi Frances include LinkedIn and the website linked on this profile. For a verified work email and phone number, create a free Shizune account — contact data is searched across 20+ sources and validated before delivery, so your outreach lands in the right inbox.
When did Dovi Frances last invest?
The most recent investment recorded for Dovi Frances closed in Jun 2026. Shizune tracks 68 investments in total for this profile, including round sizes, stages and portfolio companies, all sourced from confirmed public funding rounds and refreshed monthly.
Is Shizune's investor data accurate?
Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Oct 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.
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