Group 11, formerly known as S.G.V.C., SG LLC, SGVC, is a venture capital firm that seeks to invest in software companies that support the financial services industry. The firm is based in Beverly Hills, California and was founded in 2012. Group 11, formerly known as SGVC is a FinTEch dedicated Venture Capital fund formed by Dovi Frances in 2012. Frances acquired SGVC out of SG, LLC in May 2015 and it was renamed Group 11. Frances stepped down to focus on venture capital investments.
Group 11 invests in fintech startups with clear business models, large total addressable markets, experienced teams, and distinct growth strategies. The company tends to invest in the Seed, Post-Seed or Series A stages at amounts between $1-$5 million to companies across the US. Group 11 has founder-friendly terms and often takes a board seat.