Dovi Frances

Papaya Global Adds Group 11 as a Strategic Investor

Retrieved on: 
Monday, June 1, 2020

NEW YORK, June 1, 2020 /PRNewswire/ -- Papaya Global, a leading global payroll and payment platform, is proud to announce today that Group 11 , a leading, US-based fintech VC led by Dovi Frances, has joined the company's investors.

Key Points: 
  • NEW YORK, June 1, 2020 /PRNewswire/ -- Papaya Global, a leading global payroll and payment platform, is proud to announce today that Group 11 , a leading, US-based fintech VC led by Dovi Frances, has joined the company's investors.
  • Papaya Global was founded by Eynat Guez, Ofer Herman, and Ruben Drong with the goal of reinventing global payroll.
  • "Papaya Global solves the challenges of global payroll, which has been managed manually and inefficiently until now, through full automation and a single user interface.
  • The Papaya Global business model reflects Group 11's philosophy of investing in fintech companies that redefine their category by shattering and automating old work paradigms in multi-billion dollar markets, such as the global payroll market," says Dovi Frances, founding partner of Group 11.

Sunbit Announces $26M in Funding Round Led by Zeev Ventures

Retrieved on: 
Wednesday, June 12, 2019

LOS ANGELES, June 12, 2019 /PRNewswire-PRWeb/ -- Sunbit , a leading financial technology company that effectively transforms the process of financing in-store purchases for consumers across the credit spectrum, today announced a $26 million Series B round of equity funding, led by Zeev Ventures .

Key Points: 
  • LOS ANGELES, June 12, 2019 /PRNewswire-PRWeb/ -- Sunbit , a leading financial technology company that effectively transforms the process of financing in-store purchases for consumers across the credit spectrum, today announced a $26 million Series B round of equity funding, led by Zeev Ventures .
  • Zeev Ventures Founding Partner, Oren Zeev, known for investments in Audible, Houzz, Chegg, TripActions, Tipalti and others, led the round, with participation from prior investors Group 11 (formerly SGVC), Chicago Ventures and other existing investors.
  • Oren Zeev joins Sunbit's Board of Directors, which includes existing investors Stuart Larkins of Chicago Ventures and Dovi Frances of Group 11.
  • 70% of Sunbit customers surveyed said that they would not have completed their purchase if it weren't for Sunbit.

SGVC Raises $51 Million for Its Third Fund

Retrieved on: 
Tuesday, November 6, 2018

LOS ANGELES, Nov. 6, 2018 /PRNewswire/ --SGVC, a Los Angeles-based venture capital firm, has announced an oversubscribed closing of its third fund at $51 million.

Key Points: 
  • LOS ANGELES, Nov. 6, 2018 /PRNewswire/ --SGVC, a Los Angeles-based venture capital firm, has announced an oversubscribed closing of its third fund at $51 million.
  • Similar to its prior funds, SGVC Fund III will focus primarily on early stage investments in Silicon Valley-based financial technology software companies.
  • SGVC has achieved exceptional performance and returns with both SGVC Fund I and Fund II beating Cambridge Associates' top quartile venture capital benchmark1 for their respective 2012 and 2014 vintages.
  • With over $150 million in assets under management, SGVC has been a stronghold amongst financial technology investors in recent years.