Gate News message, April 20 — Group 11, a Beverly Hills venture capital firm specializing in fintech, reported that its fifth fund achieved its first positive year in 2025 after three consecutive years of losses, driven by US$89 million in unrealized gains that offset US$24.6 million in realized and asset sale losses.
The fund’s assets increased to US$252.6 million from below US$190 million, recovering above their level at the end of 2021, while investors also received a US$3 million dividend.
Launched in November 2021, the fund raised US$197 million and is Group 11’s sole vehicle open to qualified public investors, with units traded on the Tel Aviv Stock Exchange’s TASE UP platform. Group 11 was an early investor in corporate travel platform Navan, which went public in October 2025. Since its launch, the fund has delivered a 28% return, underperforming the Nasdaq Composite’s nearly 50% gain over the same period.
Group 11 founder Dovi Frances has ties to Trump allies and has engaged with Israeli leadership on AI policy initiatives. Frances met with Prime Minister Benjamin Netanyahu to discuss a proposed national AI directorate and noted that international business leaders close to Donald Trump, including Elon Musk and Peter Thiel, were expected to participate in such efforts.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Razorpay to Confidentially File for Indian IPO, Targeting $600M–$700M Raise
Razorpay plans to file for an IPO in India, seeking to raise $600-$700 million at a valuation of $5-$6 billion, down from its previous peak of $7.5 billion. Despite losses and cautious market conditions, the company is set for public listing.
GateNews16m ago
TradFi Rise Alert: MINIMAX (MINIMAX-W 00100.HK) Rises Over 2%
Gate News: According to the latest Gate TradFi data, MINIMAX (MINIMAX-W 00100.HK) has surged by 2% in a short period. Current volatility is significantly higher than recent averages, indicating increased market
GateNews22m ago
CapitaLand Trust Acquires Paragon Mall for $3.9B, Sells Asia Square Tower 2 for $2.5B
CapitaLand Integrated Commercial Trust is acquiring Paragon for about $3.9 billion while selling Asia Square Tower 2 for $2.5 billion. The sale boosts investor payouts and enhances CICT's portfolio along Orchard Road, targeting stable income through retail and medical services.
GateNews56m ago
Hong Kong Stocks Open Mixed: Hang Seng Index Up 0.17%, Tech Index Rises 0.34%
Hong Kong stocks rose on April 20, with the Hang Seng Index up 0.17%. Oriental Securities jumped 13.53% after announcing plans to acquire Shanghai Securities. Other notable gainers included Cambridge Technology and Blue Focus Technology, while Long-light Semiconductor and Sige New Energy saw declines.
GateNews56m ago
U.S. military seizes an Iranian cargo ship in the Gulf of Oman, and Bitcoin plunges to $74k
A U.S. Navy destroyer destroyed and seized an Iranian cargo ship in the Gulf of Oman, driving up market risk-hedging sentiment, with Bitcoin down 2.5% and Brent crude soaring to $97. Iran vowed retaliation, and diplomatic negotiations face a highly uncertain situation. On Wednesday, the ceasefire deadline has become the focus of market attention.
MarketWhisper1h ago
Samsung Nears Operations at Texas Fab to Produce Tesla AI Chips with 2nm Process
Samsung Electronics will hold an installation ceremony for its Texas foundry, aimed at manufacturing Tesla AI chips using 2-nanometer technology. The facility, initially delayed, gained momentum after a $16.5 billion contract with Tesla for AI chips.
GateNews1h ago
