Dovi Frances
Founding Partner
Dovi Frances is an Israeli-American venture capitalist and the Founding Partner of Group 11, a Los Angeles-based venture capital firm dedicated to supporting disruptive Israeli-related software companies from their inception through their global expansion.
Over the course of his career, Frances has strategically invested over $600 million in software companies that have gone on to become some of Silicon Valley’s most innovative and disruptive financial technology software platforms, including Tipalti, Navan (fka TripActions), Next Insurance, Sunbit, HomeLight, and Masterschool, to name a few.
Frances is the youngest member to ever be elected to the Board of Governors of Ben-Gurion University of the Negev and serves on the Steering Committee of the Israel Collaboration Network (ICON). Frances is also a co-founder of The Institue – Israel’s AI Advancement Center which represents a national collaborative endeavor to bolster Israel’s competitive technological edge through extensive research and development of artificial intelligence.
Prior to launching Group 11 in 2012, Frances spent nearly a decade in the financial services industry. He launched and managed an independent financial advisory firm, and also served as Vice President at Deutsche Bank AG Private Bank (NYSE: DB).
He currently serves on the boards of most of Group 11’s portfolio companies, including Tipalti, Sunbit, Masterschool, Dream, Healthee, BridgeWise, and Lili, to name a few. He is also an Advisor to Navan (fka TripActions).
Frances earned his Bachelor’s degree from Ben-Gurion University of the Negev and went on to earn his MBA from UCLA Anderson School of Management.
Frances was born in Holon, Israel in 1978. He moved to California in 2006 and currently resides in Brentwood, Los Angeles with his wife Roni Eshel, Israel’s former surf champion, and their three children.
Hadas Sparfeld
COO and CFO
Hadas is Chief Operating Officer and Chief Financial Officer at Group 11. She is responsible for all of the firm’s day-to-day operations and also oversees Group 11’s financial activities, including financial reporting, accounting, forecasting and budgeting, as well as tracking financial performance of portfolio companies.
Prior to joining Group 11, Hadas worked as an acquisitions manager for a $2B Los Angeles based real estate investment firm, and also as an executive director of the Adam and Gila Milstein Family Foundation, a Los Angeles based philanthropic fund. Prior to that, Hadas was a tax attorney with Ernst & Young. Hadas earned an MBA from UCLA Anderson School of Management and an LL.B from Tel Aviv University.
Devon Morris
Partner
Devon is Partner at Group 11 where he is responsible for overseeing deal structuring and execution, due diligence, portfolio management, and is a board observer for portfolio companies.
Prior to joining Group 11, he was at SG, an independent financial advisory firm to high net-worth clients. Devon received his BA in Art History, summa cum laude, from Humboldt State University.
Lian Kimia
Head of Business Development & Value Creation
Lian is Head of Business Development and Value Creation for Group 11. She is responsible for helping Group 11’s portfolio companies win through business development initiatives and sales and team growth referrals, while also driving investor engagement, marketing, and community building.
Prior to Group 11, Lian led community building efforts for Pritzker Group in the LA tech community, and also led international expansion efforts for the Harold Grinspoon Foundation.
Previously, Lian co-founded Axis Innovation in Israel. Lian is a graduate of UCLA where she received her BA in Political Science and International Relations.
Carrie Drury
Operations
Carrie is responsible for financial reporting and analysis, investment due diligence, and evaluating investment opportunities.
Most recently, Carrie was a wealth manager at a multi-family office. Prior to that, she worked in the Wealth Strategies group at Bank of America Private Bank and at an accounting firm specializing in taxation for high-net worth individuals, private foundations, trusts, and estates.
She obtained her B.S. in Accounting from San Diego State University. She is a CPA licensed in California and holds her CFP® certification.
Roxane Googin
Chief Futurist
Roxane Googin is a world renowned authority on macroeconomic technology trends and as of August 2020, the Chief Futurist of Group 11, one of Silicon Valley’s most sought after FinTech investors.
Prior to joining Group 11, Roxane was the editor of High Tech Observer, a long running invite-only publication read by institutional portfolio managers focusing on the technology sector. Roxane’s research focuses on inter-modal competition between historically disparate economic models forced into direct competition by technological advancements, as these tend to be the most disruptive.
Her bold predictions included the Internet boom during the depths of the LTCM credit crisis in 1998, the internet bubble demise in September 2000, and the introduction of smartphones and cloud computing in May 2002 through her much acclaimed article “Six Simultaneous Equations”, to name a few. Roxane Googin has a BS-EE from the University of Tennessee, and an MBA from the University of Virginia.
In addition to engineering experience in development and manufacturing, Roxane has experienced finance from the cradle to the grave: from venture capital, through equity analysis, to term and finally to asset-based lending. She uses her broad experience to envision the disruptions that are bound to come our way.