Group 11's Founding Partner Dovi Frances shares intimate stories from his career and outlines what he believes to be the "Ten Commandments" for success during his inspiring keynote address at the 2022 Ben-Gurion University of the Negev commencement ceremony:
1. Family first
2. Never conform
3. Never compromise
4. Never give up
5. Never try to win alone
For the other 5, you'll have to watch the video! https://lnkd.in/gTmxrFKS
(Speech is in Hebrew, with English subtitles)
We are thrilled to lead a massive $100M seed round in Masterschool, the world's largest seed round for a software company. Huge welcome to Otni Levi, Michael Shrup, Eran Glicksman, and Roi Tzikorel to the Group 11 family!
The traditional model of education and vocational training is completely broken. It's a massive industry that brings in hundreds of billions of dollars every year, yet fails students time and time again in each stage of preparing them for the job market - from financing their education, to training them with career skills, to helping them actually find a job.
Masterschool and its brilliant management team are redefining the field of vocational training through a global platform of schools that allows millions of people access to the training and funding needed to secure new careers. This model also provides thousands of companies direct access to new talent.
In the technology sector, where millions of jobs are unfilled every year, this is a game changer, and we are proud to lead this historic round to enable the company to safely realize its vision: build a global school platform for everyone, regardless of origin, gender, or economic background. This is the key to real social change, and to ensuring the continued development of the tech industry in Israel and around the world.
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Powerful presentation by our Founding Partner, Dovi Frances, at Sunbit’s annual company retreat this year in Las Vegas. As Sunbit's first investors, we are proud of how this category-defining company has grown tremendously to over 400 employees worldwide. We are here because of all of you and your dedication to enabling merchants to provide access to fast, fair, easy financing to consumers who are in need of essential services.
"There is nothing that stops Sunbit. The only thing that stands in the way of Sunbit - at this point, after we clearly exhibited unit economics, we clearly exhibited product market fit - the only thing that stands between us and tons of billions of dollars in enterprise value is: the collective effort and belief of all of you. Without that, from the c-suite level to the most junior employee in the company - without that, we will not achieve our goal to get to a company that is category defining, that is worth tens of billions of dollars, and guess what, also helps people on the way.."
Great panel at the Jefferies Private Internet Conference in Los Angeles today featuring our Founding Partner, Dovi Frances, who spoke about Group 11’s experience investing in Israeli-related technology companies as a US-based investor.
Great exchange of thoughts and perspectives from fellow panelists Erez Shachar of Qumra Capital, Yifat Oron of Blackstone Israel, and Natalie Refuah of Viola Ventures, moderated by Jefferies' Senior VP Omer Geller.
"Today’s announcement of Hamilton Lane joining Group 11 with a large secondary investment, as well as a staple investment into Fund VI, comes only days following the announcement from StepStone Group who joined our family with a large $50MM investment.
The alignment of such world-renowned investors with our thesis and vision for the future marks a new chapter in Group 11’s now decade-long journey to become the world’s best performing FinTech investor.
I am excited to welcome Matthew Pellini, Miguel Luina, Andrew Rich and the Hamilton Lane team to the Group 11 Family. A warm welcome also to Seyonne Kang, Brett Depenbrock, and the StepStone family who joined Group 11 last week.
I wholeheartedly believe that with continued hard work and perseverance, we will be able to warrant the trust and confidence of many other prominent global institutional investors."
Group 11 is thrilled to partner with Hamilton Lane, a leading global private markets investment management firm, through a secondary transaction to acquire part of Group 11's third fund. Hamilton Lane accounts will also join Group 11's newest Fund VI with a staple primary investment, and is yet another prestigious U.S.-based institutional private markets investor to join the newly-formed fund following StepStone Group's $50M investment last week.
Read more here: https://lnkd.in/gqT-GXC6
#group11 #fintech #hamiltonlane
