Group 11

Now that you have been warned - What are YOU going to do about it?

מאמר מסקרן, מרגש (ולבטח גם מטריד) על העתיד מאת דובי פרנסס!

We’re proud to see our portfolio company Navan partnering with Barclays to deliver a next-generation travel and expense experience for Barclaycard Business customers. This collaboration is powered by Navan Connect’s “Bring Your Own Card” functionality—enabling companies to integrate Navan’s all-in-one platform without giving up the benefits of their Barclaycard. It’s a seamless solution that empowers employees with the travel experience they love, while keeping finance teams happy. Navan continues to prove it’s not just redefining corporate travel—it’s revolutionizing it. Congrats to the entire Navan team on this major milestone! https://lnkd.in/g2yW3ZZ9

Every. Word. Alon Huri co-founder of Next Insurance - which was recently acquired for a whopping $2.7BN - perfectly captures what it means to be an Israeli entrepreneur — building globally, pushing boundaries, and doing it all in the face of immense adversity. The post is in Hebrew, but it’s worth your time to translate. It’s more than a story about an exit — it’s a story about defiance through innovation. "ועל כל טיל – נבנה כאן יוניקורן." “For every rocket fired at us — we’ll build a unicorn.” This is the spirit that built Wiz. This is the spirit that built Next Insurance. This is the spirit of the Group 11 portfolio. And this is the spirit driving the next generation of Israeli tech.

We are thrilled to share that Next Insurance, a Group 11 portfolio company, has been acquired by Munich Re, the world's largest reinsurer, for $2.7BN in cash. When we first invested in Next Insurance in 2017, we saw a company addressing a massive market need: SMB insurance that actually works for SMBs. Founded in 2016 by Guy Goldstein, Nissim Tapiro, and Alon Huri, Next Insurance set out to transform an industry that was slow, complex, and overpriced. Their solution? Custom, digital-first business insurance that removed the gatekeepers, cut out the unnecessary costs, and gave business owners the coverage they actually needed—without the hassle of paperwork or long wait times. Today, they’ve built a dominant presence in the $135B SMB insurance market, covering over 600,000 businesses across 1,000+ professions. We are proud to have taken part of this journey, backing Next Insurance through multiple funding rounds as they scaled into becoming a category leader. This acquisition is a testament to the team’s relentless execution, market vision, and ability to build a profitable business in a sector ripe for disruption. Congratulations to Guy, Nissim, Alon, Effi Fuks Leichtag, Teodora Gouneva, and the entire Next Insurance team—we couldn’t be more excited for this incredible achievement!

Big things are happening in multifamily real estate! Group 11 portfolio company Venn brought together some of the industry’s top owners, operators, and tech leaders for The Inner Circle—a first-of-its-kind gathering designed to drive real innovation. This wasn’t just another networking event. With 1.2M+ units represented, the conversations tackled some of the biggest challenges in multifamily real estate: 💡 Breaking down closed technology ecosystems 💡 The real cost of innovation—and how to make it worthwhile 💡 Turning new ideas into real, scalable solutions It’s exciting to see Venn leading the charge in reshaping how the industry collaborates and innovates. The future of multifamily is being built right now. If you’re in the space and want to be part of these conversations, they’re accepting member nominations: https://lnkd.in/gQJ9JhcM Kudos to Or Bokobza and Sydney Webber on this powerful initiative!

Healthcare costs shouldn’t be a mystery. President Trump just signed an executive order pushing hospitals and insurers to disclose real prices—not estimates. The goal? Radical price transparency. But here’s the thing—why wait for regulation to catch up when the solution already exists? Group 11 portfolio company, Healthee, has been making cost clarity a reality from day one: 🟠 Real-time cost breakdowns so employees know what they’ll pay before a procedure. 🟠 Smart provider search to compare care options—no hidden fees, no surprises. 🟠 AI-driven insights that cut through the complexity of healthcare benefits. Transparency isn’t just a policy change—it’s a game-changer for employees and HR teams. Less financial stress, smarter decisions, and a system that finally works for the people who use it.

ICYMI: While at Davos, Navan’s Co-Founder and CTO Ilan Twig shared groundbreaking insights on how AI can be implemented for real business impact. Ilan spoke about how Navan is redefining AI in customer service—not by replacing humans, but by creating a cognitive AI system that actually works. Instead of relying on a single LLM, Navan Cognition uses nearly 200 AI models supervising each other to ensure accuracy, trust, and efficiency. Key takeaways: 💭 AI isn’t ready to replace humans—but it can work alongside them. 💭 Navan’s AI now handles 7,000+ chats per day, resolving 60% of cases without human intervention—saving millions in support costs. 💭The AI’s "tool" is a human agent, flipping the traditional AI-assisting-human model on its head. 💭 Trust is everything: Navan’s AI only provides responses it knows are correct, avoiding common AI hallucinations. Navan is leading the way in AI-driven customer support—and businesses everywhere should take note. Watch the full conversation from Davos here: https://lnkd.in/gsE-dCUf

Healthee is on the search for an *Enterprise Account Executive* to join its growing team in New York! If you're passionate about transforming the way employees access and understand their healthcare benefits, this is an opportunity to be part of a company that’s making a real impact. Healthee is an AI-powered health benefits platform that helps employees navigate their healthcare with ease. By providing instant answers to health insurance questions, cost estimates, and personalized care recommendations, Healthee empowers users to make informed decisions about their health and wellness. Backed by top-tier investors—including Group 11, Glilot Capital Partners, and Fin Capital—Healthee recently secured a $32 million Series A round to accelerate its growth and innovation. 🔹 Location: New York 🔹 Role: Enterprise Account Executive 🔹 More details & apply here: https://lnkd.in/gnAB3sbZ Know someone who would be a great fit? Tag them below or share this post! 

Group 11 Portfolio Companies Are Hiring! The best companies don’t just scale revenue—they scale teams. Two of the most disruptive players in fintech, Tipalti and Navan, are growing fast and looking for top talent to join their teams. Navan has posted *146* positions and Tipalti has *100* positions across roles in engineering, sales, finance, and more. Check out open roles here: 🔗 https://jobs.group11.vc/