Capital Eleven - Comprehensive Analysis Report

Summary

Capital Eleven is an investment firm established in 2009 and based in Meridian, Idaho. Founded by Travis Hawkes and David K. Gardner, the firm has evolved from managing side investments into a diversified entity encompassing venture capital, private equity, and real estate investments. Capital Eleven is committed to supporting founders, creating employment opportunities, and fostering a network of investors and entrepreneurs. In early 2025, Capital Eleven Advisors was created to provide M&A advisory, strategic advisory, and corporate finance services.

1. Strategic Focus & Objectives

Core Objectives

Invest in excellent founders and projects with vision.

Create jobs and contribute to the entrepreneurial ecosystem.

Partner with investors and entrepreneurs who share the values of excellence, grit, and integrity.

Manage multiple Limited Partnership investment opportunities across varied asset classes including venture capital, real estate, fixed income and private equity.

Specialization Areas

Early-stage venture capital investments.

Partnering with operators on business acquisitions.

M&A advisory services through Capital Eleven Advisors.

Real estate investments.

Target Markets

Early-stage companies with high-growth potential.

Focus on the Boise, Idaho tech ecosystem.

Companies across various sectors including Enterprise Applications, High Tech, Artificial Intelligence, FinTech, and Consumer sectors, with a focus on SaaS companies.

2. Financial Overview

Funding History

Capital Eleven invests between $100,000 to $1 million in early-stage companies.

3. Product Pipeline

Key Products/Services

Venture Capital Investments:

Description: Investing in early-stage companies across various sectors.

Development Stage: Ongoing.

Target Market/Condition: Early-stage companies with high growth potential.

Expected Timeline: Continuous investment activity.

Private Equity Investments:

Description: Partnering with operators on acquiring businesses.

Development Stage: Ongoing.

Target Market/Condition: Established businesses with growth opportunities.

Expected Timeline: Continuous investment activity.

Real Estate Investments:

Description: Investing in real estate projects.

Development Stage: Ongoing.

Target Market/Condition: Real estate ventures with strong potential returns.

Expected Timeline: Continuous investment activity.

M&A Advisory Services (Capital Eleven Advisors):

Description: Providing M&A advisory, strategic advisory, and corporate finance services.

Development Stage: Launched in early 2025.

Target Market/Condition: Companies seeking M&A and strategic advisory services.

Expected Timeline: Continuous service offerings.

4. Technology & Innovation

Technology Stack

Investments in companies across various sectors, including Enterprise Applications, High Tech, Artificial Intelligence, FinTech, and Consumer sectors.

Focus on software-as-a-service (SaaS) companies.

5. Leadership & Management

Executive Team

Travis Hawkes: CEO and Managing Partner.

David K. Gardner: Managing Partner.

Brian Jorgenson: Chief Investment Officer. Responsible for implementing overall firm strategy, fundraising, sourcing/evaluating new investment opportunities, and providing strategic support for all portfolio companies.

Stefanie Aragon: Chief of Staff.

Kurtis Taylor: Chief Financial Officer.

Aaron Chandler: General Counsel.

Donald Bielen: Managing Director.

Mason Whitt: Principal.

Maggie Hyde: Director of Private Equity.

Dillon Ludlow: Director of Real Estate.

Nate Arnold: President, Capital Auto Loan.

Brandon Miner: Operating Partner, Retail Group.

Klay Frongner: Operating Partner, Retail Group.

Ashley Hess: Deputy Chief of Staff.

6. Competitive Analysis

Major Competitors

One Ventures

StageDotO

Alturas Ventures

EPIC Ventures

Capital Eleven differentiates itself with a non-traditional approach to venture investment and also does not consider other firms as competitors, offering assistance and advice when another firm may be a better fit for investment opportunities.

7. Market Analysis

Market Overview

Operates within the venture capital, private equity, and real estate markets.

Focuses on early-stage investments in the United States.

Actively contributes to the Boise tech ecosystem.

8. Strategic Partnerships

Strategic Partnerships

Forum Ventures (co-investments)

EPIC Ventures (partnership in Fitted, a B2B marketplace for retailers)

9. Operational Insights

Differentiates itself through a non-traditional approach to venture investment, blending venture capital, private equity, real estate, and M&A advisory services.