Project 11 Ventures is a venture capital firm specializing in early-stage investments within the technology and software sectors. Established in 2014 and headquartered in Cambridge, Massachusetts, the firm is dedicated to collaborating closely with founders to accelerate business growth and value creation.
Key Strategic Focus
Project 11 Ventures focuses on leading a startup's initial external funding round, typically investing between $500,000 and $1.5 million. The firm targets companies with strong founder domain knowledge, demonstrated leadership capabilities, and scalable business models. Its investment portfolio spans various sectors, including consumer mobile, B2B, cybersecurity, robotics, health IT, and agricultural technology.
Financials and Funding
Since its inception, Project 11 Ventures has managed at least one fund, Project 11 Ventures Fund I. The firm has made 37 investments, with 17 successful exits. Notable investments include:
- Mightier: A gaming platform designed to help children regulate their emotions through bioresponsive video games developed in collaboration with Boston Children's Hospital and Harvard Medical School.
- Forge.AI: A platform that performs real-time monitoring of global information, transforming and enriching data through natural language processing technology and a comprehensive knowledge base.
- Elemental Machines: A smart lab platform that offers data-driven insights to improve laboratory operations, research, development, and manufacturing outcomes.
Leadership Team
The leadership team at Project 11 Ventures comprises experienced professionals with backgrounds in technology and venture capital:
- Katie Rae: Co-Founder and Managing Director.
- Reed Sturtevant: Co-Founder and Managing Director.
- Robert Mason: Managing Director.
Competitor Profile
In the venture capital landscape, Project 11 Ventures operates alongside several notable firms:
- Hyperplane Venture Capital: Focuses on early-stage investments in machine intelligence and data-driven companies.
- PBJ Capital: Invests in technology-driven companies across various sectors.
These firms share a focus on early-stage technology investments, contributing to a competitive environment in the venture capital industry.
Strategic Collaborations and Partnerships
Project 11 Ventures has co-invested with firms such as Hyperplane Venture Capital and PBJ Capital, indicating a collaborative approach to funding and supporting startups.
Operational Insights
By focusing on early-stage investments and actively collaborating with founders, Project 11 Ventures differentiates itself through hands-on support and a commitment to accelerating company growth and value.
Strategic Opportunities and Future Directions
Project 11 Ventures aims to continue identifying and investing in promising early-stage technology companies, leveraging its expertise and network to foster innovation and drive success in its portfolio companies.
Contact Information
- Website: www.project11.com
- LinkedIn: linkedin.com/company/project-11
- Twitter: @p11
- Facebook: facebook.com/121643331274738
