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
Semiconductor Long Trade Becomes Most Crowded, Institutions Seek Subsector Alpha
The essay discusses the crowded positioning in the semiconductor market, with growing institutional interest amid AI investments. It highlights bearish sentiments from notable investors and pressures facing China's A-share sector, while also noting a shift towards exploring niche subsector opportunities.
CryptoFrontierJust Now
Grayscale Files Amendment for HYPE Spot ETF, Seeks Nasdaq Listing Under Ticker GHYP
Grayscale has submitted an amendment for its S-1 registration to the SEC for a HYPE-based ETF. If approved, it will trade on Nasdaq, offering direct exposure to HYPE tokens through a trust and may include staking income.
GateNews2h ago
Greg Abel Takes Over Berkshire in 100 Days: Buffett’s Successor Is Rewriting How the Investment Empire Is Managed
According to a report by The Wall Street Journal, in the first 100 days after taking office, Berkshire Hathaway’s new CEO, Greg Abel, has already begun to show clear signs of change. For the market, Greg Abel is not only the successor chosen by Buffett, but also the person who will determine Berkshire’s capital allocation over the next decade, the governance of its subsidiaries, and its investment style.
63-year-old Buffett successor, Berkshire CEO Greg Abel
At 63, Greg Abel officially took over as Berkshire’s CEO in January this year. Although he has repeatedly emphasized that Berkshire’s most core culture, values, the foundation of its insurance business, its conglomerate structure, and the model in which the CEO leads the stock investment portfolio will not change, The Wall Street Journal bluntly notes that the real situation is this: change has already started—and it is proceeding with direction and in rhythm.
ChainNewsAbmedia2h ago
Marvell teams up with Google to develop an AI MPU chip, and the stock price jumps 6.3% on the news
Google is discussing collaboration with Marvell to develop dedicated memory processing units (MPU) and tensor processing units (TPU) to address memory bottlenecks. If successful, the design will be completed in 2027. The collaboration is intended to strengthen Google’s competitiveness in the custom ASIC market, and Marvell’s operating performance has been strong, which has pushed the stock price up.
ChainNewsAbmedia3h ago
Nvidia Stock Touches $199.86 as Google, Startups Challenge Its AI Chip Dominance
Nvidia's stock fell to $199.48 amid increased competition in the AI chip market, particularly with Google launching new TPUs focused on inference. AI chip startups raised $8.3 billion in 2026, signaling a robust sector, with Rebellions raising substantial funding to target U.S. customers.
GateNews4h ago
Dogecoin Holds $0.094 as X Cashtags Drive Market Attention
Key Insights
Dogecoin holds above $0.094 despite market weakness as Bitcoin and Ethereum stabilize, reflecting resilience and sustained demand across major cryptocurrencies during the consolidation phase.
X launches smart cashtags enabling real-time crypto and stock tracking, improving marke
CryptoNewsLand4h ago
