Group 11’s fifth fund, the funding agency of serial entrepreneur Dovi Frances, one of many stars of Sharks – the Israeli TV model of Shark Tank – has offered a report of shrinking funds beneath administration and efficiency. Group 11 in the present day reported whole property beneath administration of $191.7 million in all portfolio corporations, down 8.4% from whole property of $208.7 million reported final 12 months. Group 11 publishes solely annual studies.
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Regardless of this, whole liabilities elevated and nearly doubled, because of the administration firm’s prices from $4.9 million to $8.8 million, whereas income from gross sales and IPOs had been just about zero. Administration charges – didn’t change and amounted to $3.72 million, up from $3.5 million final 12 months.
Group 11’s fifth fund was raised on the peak of the hype through the Covid tech bubble in November 2021. On the time, as a way to fulfill capital market and institutional traders, Frances determined to make the fund extra clear and submit quarterly studies. The corporate now submits solely annual studies, a follow Frances launched with the sixth fund it raised a 12 months later and which continues to spend money on startups.
In line with the enterprise capital fund web site PitchBook, Group 11’s fifth fund raised $197 million, now value, as reported in the present day, solely $191.7 million. The valuation of the property stems from the person valuation of every of the businesses – to date the fund has not yielded main successes, aside from Sunbit, which is taken into account a promising unicorn, and Lili, a development firm. Nonetheless, it’s nonetheless too early to find out – enterprise capital funds study success after a interval of seven years, and in keeping with estimates, a lot of the funds raised in 2021 haven’t but proven a return, as a result of a couple of months later, in Might 2022, the disaster within the tech trade broke out after rate of interest hikes.. Among the many investments of the fifth fund, corporations equivalent to: Masterschool, Healthee, SMBX, Sorbet, Venn. Lili and Sunbit. Amongst its institutional traders: Hashchara Insurance coverage, Harel, Menora Mivtachim, Migdal, Mor, New Mivtachim, and True Capital Administration.
Printed by Globes, Israel enterprise information – en.globes.co.il – on Might 13, 2025.
© Copyright of Globes Writer Itonut (1983) Ltd., 2025.
