The fifth fund of Group 11, an investment company for Starpreneur Dovi Frances, one of the Israeli television versions of Shark Tank, Shark Tank, presented a report that it would shrink funds under management and performance. Group 11 today reported that it manages $191.7 million in total assets across all portfolio companies. Group 11 only publishes its annual report.
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Nevertheless, the management company’s expenses increased from $4.9 million to $8.8 million, with total liabilities increasing, almost doubled, but sales and revenue from IPOs were virtually zero. Management Fees – Unchanged, reaching $3.72 million from $3.5 million last year.
Group 11’s Fifth Fund grew up at the height of hype at Covid Tech Bubble in November 2021. At the time, to satisfy capital markets and institutional investors, Francis decided to submit the fund to a more transparent quarterly report. The company currently only submits its annual report. This was introduced by Francis in the sixth fund that grew up a year later and continues to invest in startups.
According to the Venture Capital Fund website Pitchbook, Group 11’s fifth fund raised $197 million. Asset valuations come from individual valuations of each company. So far, the fund has not brought about great success, except for Sunbit and growth company Lili, which are considered promising unicorns. However, it is still too early for venture capital funds to investigate success in seven years, and estimates show that most of the funds raised in 2021 have yet to show returns. Lili and Sanbitt. Some of the institutional investors include Hashchala Insurance, Harlel, Menora Mibutachim, Migdal, Moh, New Mibutachim, and true capital management.
Published by Globes, Israel Business News – En.globes.co.il – May 13, 2025.
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