About Project 11 Ventures
Project 11 Ventures is a venture capital firm founded in 2014. It is primarily based out of Boston, United States. As of May 2019, Project 11 Ventures has invested in 52 companies. It primarily invests in Seed round in United States based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to High Tech and Consumer. Most recently it participated in the $***** Series A round of Mightier Overall, Project 11 Ventures portfolio has seen 2 unicorns, 1 IPO and 20 acquisitions including key companies like Indigo, Tomorrow.io and TVision Insights. A lot of funds co-invest with Project 11 Ventures, with names like Founder Collective sharing a substantial percentage of its portfolio. Project 11 Ventures has team of 4 people including 3 partners.Key Metrics
Team Members
Portfolio Count
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed, Angel & 2 more
Portfolio IPOs
Portfolio Acquisitions
Portfolio Unicorns
Portfolio Soonicorns
Project 11 Ventures' List of Top Investments
Project 11 Ventures has a portfolio of 52 companies, including 2 unicorns. Their most notable investments are in Elemental Machines and LibertyX.Their portfolio spans across United States and Austria. They have invested in Enterprise Applications, High Tech, Consumer and 19 other sectors, across stages such as Seed, Angel and 2 more. Here is the list of top investments by Project 11 Ventures:
1. Indigo
Provider of biological and sustainability solutions for the agriculture industry. The company offers biological products that harness the plant microbiome to protect crops. It also provides sustainability programs that help scale sustainable practices. These solutions aim to reduce emissions, conserve water, and improve farm profitability.
Key facts about Indigo
- Founded Year: 2013
- Location: Boston (United States)
- Valuation: $*****
- Stage: Series G
- Total Funding till date: $1.4B
- Employee Count: 1,322 as on Aug 31, 2026
- Investors: InvestX, Baillie Gifford and 26 Others
- Latest Funding Round: Series G, Sep 15, 2023, $*****
- Highlight: Editors' Pick
2. Tomorrow.io
AI-powered weather intelligence platform using satellites for real-time forecasting. It combines satellite data, machine learning, and real-time atmospheric modeling to deliver hyperlocal forecasts and predictive insights. It helps industries like aviation, energy, logistics, and insurance anticipate weather risks and automate operational decisions.
Key facts about Tomorrow.io
- Founded Year: 2016
- Location: Boston (United States)
- Valuation: $*****
- Stage: Series F
- Total Funding till date: $425M
- Employee Count: 229 as on Sep 30, 2026
- Investors: HarbourVest Partners, Trinity Capital and 32 Others
- Latest Funding Round: Series F, May 18, 2026, $*****
- Highlight: Editors' Pick
Provider of television analytics, measuring second-by-second data on viewer engagement. The company offers insights into audience attention across devices, networks, and advertisements. It utilizes a panel to provide data on what content is playing, how it is delivered, and who is watching. The company’s data supports media planning, campaign measurement, and audience activation.
Key facts about TVision Insights
- Founded Year: 2014
- Location: New York City (United States)
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $70.3M
- Employee Count: 79 as on Sep 30, 2026
- Investors: SIG, LDV Capital and 36 Others
- Latest Funding Round: Series B, Jun 28, 2024, $*****
- Highlight: Acquired
4. Synack
Platform offering security testing solution. Synack provides crowdsourced vulnerability discovery and security testing solutions. The platform leverages AI and conducts continuous security testing on mobile, web, APIs, cloud assets, etc. The features of the product include patch verification, reporting, vulnerability assessment, etc.
Key facts about Synack
- Founded Year: 2013
- Location: San Francisco (United States)
- Valuation: $*****
- Stage: Series D
- Total Funding till date: $112M
- Employee Count: 234 as on Sep 30, 2026
- Investors: Icon Ventures, Section Partners and 25 Others
- Latest Funding Round: Series D, May 28, 2020, $*****
- Highlight: Editors' Pick
5. PillPack
Subscription-based medicine ordering platform. The company sends two-week supplies of prescription medications, vitamins, and over-the-counter medications individually packaged and organized by date and time. They also offer free consultations with their pharmacists.
Key facts about PillPack
- Founded Year: 2013
- Location: Boston (United States)
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $93.9M
- Employee Count: 639 as on Sep 30, 2026
- Investors: Founders Circle Capital, Atlas Venture and 31 Others
- Latest Funding Round: Series D, Sep 01, 2016, $*****
- Highlight: Acquired
Project 11 Ventures' Year-on-Year Investment Trends
Project 11 Ventures has invested in 52 companies over the last 16 years, with an average of 0 new investment annually in the last 10 years. Its most recent first time investment was in Forge AI and most recent follow-on round was in Mightier.Project 11 Ventures' Investments by Stage
Project 11 Ventures has made 11 investments in Seed stage with an average round size of $1.56M, 1 investment in Angel stage with an average round size of $300K, 1 investment in Post IPO stage with an average round size of $2.3M and 1 investment in Series A stage with an average round size of $11M.Stage of entry | No. of Investments |
|---|---|
Seed | 11 |
Angel | 1 |
Post IPO | 1 |
Series A | 1 |
Note: We have considered here, only first round of investments
Project 11 Ventures' Investments by Sector
Project 11 Ventures has a diverse portfolio, with companies operating in the Enterprise Applications, High Tech, FinTech, Consumer and Retail. Notably, it has invested in 51 Tech companies, 36 Enterprise (B2B) companies, 33 Software companies and at least 19 companies focusing on Consumer (B2C).Sector | No. of Investments |
|---|---|
Enterprise Applications | 7 |
High Tech | 5 |
FinTech | 4 |
Consumer | 3 |
Retail | 3 |
Others | 22 |
Note: We have considered here, only first round of investments
Project 11 Ventures' Investments by Geography
Project 11 Ventures has made most investments in United States (14).Project 11 Ventures' recent investments
Project 11 Ventures has not made any investment in 2026 so far.Here are the most recent investments by Project 11 Ventures:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
May 17, 2019 | United States | Series A | 7923 | [+4] | |
Dec 06, 2018 | United States | Series A | 3132 | [+3] | |
Jun 19, 2018 | United States | Seed | 4627 | [+2] | |
Jan 11, 2017 | United States | Seed | 3512 | [+2] | |
Oct 03, 2016 | United States | Series A | 4253 | [+3] |
Unicorns in Project 11 Ventures' Portfolio
Project 11 Ventures has 2 unicorns in its portfolio - Tomorrow.io and Indigo. The most recent unicorn in their portfolio is Tomorrow.io. It became a unicorn in 2026.Here is a list of unicorns in Project 11 Ventures' portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
77 | AI-powered weather intelligence platform using satellites for real-time forecasting | 2016 | Boston | Series F | cev{mig | ||
78 | Provider of biological and sustainability solutions for the agriculture industry | 2013 | Boston | Series G | yikrttf |
IPOs and Publicly Listed companies in Project 11 Ventures' Portfolio
1 of Project 11 Ventures' portfolio company became public - Flywire. It got listed on the National Association of Securities Dealers Automated Quotations (NASDAQ), in Sep 2016.Here are Project 11 Ventures' portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Sep 29, 2016 | Oct 28, 2010 | Seed | 3238 |
Acquired companies in Project 11 Ventures' Portfolio
20 companies from Project 11 Ventures' portfolio have been acquired. The most recent acquisition was TVision Insights in Apr 2026 by Viant for $*****.Here are Project 11 Ventures' portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Apr 15, 2026 | Dec 16, 2015 | Seed | 2196 | |
Oct 21, 2025 | - | - | 2013 | |
Sep 02, 2025 | - | - | 9750 | |
Jul 10, 2024 | - | - | 5601 | |
Sep 13, 2022 | - | - | 8097 |
Team profile of Project 11 Ventures
Project 11 Ventures has a team of 4 members including 3 Partners located in United States. Project 11 Ventures' team sits on the board of 1 company.Here is a list of all team members in Project 11 Ventures:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Lexington | |||
Partner | Boston | - | ||
Partner | Boston | - | - |
Co-investors of Project 11 Ventures
Over the past 16 years, 110 investors have co-invested in Project 11 Ventures's portfolio companies. This includes funds and angels.
- Invested before Project 11 Ventures: MassChallenge and Techstars have invested in rounds before Project 11 Ventures. There are 2 companies where MassChallenge has invested before Project 11 Ventures and 1 company where Techstars has invested before Project 11 Ventures.
- Top Co-investors of Project 11 Ventures: 53 investors entered a company along with Project 11 Ventures. These include investors like Founder Collective (3 companies).
- Invested after Project 11 Ventures: A total of 55 investors have invested in Project 11 Ventures's portfolio after their investments. Top Investors include Mizuho Bank (1 company), Sansei Capital Investment (1 company) and Tokyo Kiraboshi Financial Group (1 company).
Recent News related to Project 11 Ventures
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Forge.AI Raises $11M to Decode the World's Unstructured DataPR Newswire•Dec 06, 2018•Forge AI, Underscore VC, Boston Seed Capital, Imagination Capital and 2 others
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Measure raises $15 million to fly drones as a service for other companiesTechCrunch+•Jan 17, 2017•Measure, Tellus Labs, IA Ventures, Project 11 Ventures and 2 others
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Founders Fund Backs Smart Lab Tech Startup Elemental Machines For $2.5 Million – TechCrunchTechCrunch+•Feb 03, 2016•Elemental Machines, Founders Fund, Project 11 Ventures, 2M Companies and 1 other
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Sentenai Closes $1.8 Million Seed Round to Apply Machine Learning Techniques to Automate Data Engineering | Business WireBusiness Wire•Jan 21, 2016•SentenAI, Flybridge Capital Partners, Founder Collective, Project 11 Ventures and 1 other
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Daily funding roundup - December 28, 2015 | VatorNewsVator•Dec 28, 2015•DipJar, Bolt, Project 11 Ventures, Corazon Capital and 1 other
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New York startup DipJar picks up $2.4 mln seed - PE HubPE Hub•Dec 28, 2015•DipJar, Bolt, Project 11 Ventures, Corazon Capital and 1 other
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TVision Insights Launches Second-by-Second Data Analytics Solution to Fuel the Emerging Programmatic Television Advertising MarketPRWeb•Dec 16, 2015•TVision Insights, Project 11 Ventures, Golden Venture Partners, Sigma Prime Ventures and 2 others
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DipJar Raises $420K FundingMassinvestor•Sep 16, 2014•DipJar, Project 11 Ventures, Sturtevant, Warren J. Katz
