"Am Yisrael Chai": Dovi Frances in a Huge Move Specifically on October 7

Group 11 fund founder Dovi Frances revealed that the fund sent a proposal to lead a funding round for a company valued at one billion dollars, and deliberately dated it to October 7. Frances linked the investment to the heroism of the founder, who fought in the reserves on October 7, 2023, and emphasized that the fund has invested hundreds of millions of dollars in 15 Israeli companies since the outbreak of the war.

Group 11 investment fund founder Dovi Frances revealed a significant investment move: the fund sent a Term Sheet to co-lead a new funding round for a company valued at one billion dollars. The date, October 7, was chosen deliberately. Frances explained that behind the company are entrepreneurs whose story is directly tied to the war: the company's founder was in reserves on the morning of the Hamas attack, traveled south, participated in fighting in the kibbutzim and helped rescue families, and returned to manage the company weeks later. Frances used the announcement to emphasize Group 11's continued investments in Israeli companies since the war began: since October 7, 2023, the fund has invested hundreds of millions of dollars in 15 companies, with over 80% of investments in Israeli founders. This comes at a time when many investors preferred to wait due to uncertainty. In June, the fund led a $260 million funding round for Dream at a valuation of about three billion dollars. Frances concluded the post with a message linking the recovery of Israeli high-tech to the events of October 7: "The terrorists came on Simchat Torah Shabbat to destroy us. They got a generation that fights on Shabbat, and by Monday already comes to the office to launch another product. Am Yisrael Chai. October 7. We will never forget."