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 1 unicorn, 1 IPO and 19 acquisitions including key companies like Indigo, PillPack and Ovia Health. 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, one of which is a Unicorn. 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: 1,408 as on Feb 28, 2026
- Investors: InvestX, Baillie Gifford and 26 Others
- Latest Funding Round: Series G, Sep 15, 2023, $*****
- Highlight: Editors' Pick
2. Tomorrow.io
Provider of weather intelligence platform delivering forecasts and operational decision support. The platform offers weather data, including real-time, historical, and forecast information. It provides tools for monitoring, predicting, and responding to weather-related events. The platform supports various industries with customizable insights and integration capabilities.
Key facts about Tomorrow.io
- Founded Year: 2016
- Location: Boston (United States)
- Valuation: $*****
- Stage: Series F
- Total Funding till date: $425M
- Employee Count: 223 as on Feb 28, 2026
- Investors: Activate Capital, Trinity Capital and 28 Others
- Latest Funding Round: Series F, Feb 03, 2026, $*****
- Highlight: Editors' Pick
3. 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: 679 as on Dec 31, 2022
- Investors: TriplePoint Capital, Founders Circle Capital and 31 Others
- Latest Funding Round: Series D, Sep 01, 2016, $*****
- Highlight: Acquired
4. Ovia Health
Ovia Health is a provider of a mobile application for women's and family health. Its a developer of mobile applications focusing on women's and family health. The app, Ovia Fertility, keeps a track of menstrual periods and gives prediction of ovulating days. It also suggests couples exactly what to do each day to maximize their chances of getting pregnant. The application can also be used to avoid pregnancy or track menstrual cycles. The Ovia Pregnancy application helps pregnant women to track symptoms, weight, sleep, moods, activity, and also search for food, symptoms, and medications. The Ovia Parenting application offers tools to track child development and an online community to connect with other women.
Key facts about Ovia Health
- Founded Year: 2012
- Location: Boston (United States)
- Stage: Acquired
- Total Funding till date: $23.5M
- Employee Count: 80 as on Dec 31, 2023
- Investors: Lead Edge Capital, Lightbank and 12 Others
- Latest Funding Round: Series A, Aug 24, 2020, $*****
- Highlight: Acquired
5. 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: 245 as on Feb 28, 2026
- Investors: Icon Ventures, Kleiner Perkins and 26 Others
- Latest Funding Round: Series D, May 28, 2020, $*****
- Highlight: Editors' Pick
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 1 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 50 Tech companies, 35 Enterprise (B2B) companies, 32 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 | 3953 | [+4] | |
Dec 06, 2018 | United States | Series A | 4296 | [+3] | |
Jun 19, 2018 | United States | Seed | 4014 | [+2] | |
Jan 11, 2017 | United States | Seed | 3643 | [+2] | |
Oct 03, 2016 | United States | Series A | 8144 | [+3] |
Unicorns in Project 11 Ventures' Portfolio
Project 11 Ventures has 1 unicorn in its portfolio - Indigo. The most recent unicorn in their portfolio is Indigo which became a unicorn in 2020, 5 years before Project 11 Ventures first invested in it.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 |
|---|---|---|---|---|---|---|---|
78 | Provider of biological and sustainability solutions for the agriculture industry | 2013 | Boston | Series G | oh{ebum |
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 | 3729 |
Acquired companies in Project 11 Ventures' Portfolio
19 companies from Project 11 Ventures' portfolio have been acquired. The most recent acquisition were Freight Farms in Oct 2025 by The Growcer.Here are Project 11 Ventures' portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Oct 21, 2025 | - | - | 3397 | |
Sep 02, 2025 | - | - | 6865 | |
Jul 10, 2024 | - | - | 5865 | |
Sep 13, 2022 | - | - | 3024 | |
Oct 19, 2021 | - | - | 7907 |
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 Goldman Sachs (1 company), Adage Capital Management (1 company) and Tiger Global Management (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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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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DipJar Raises $420K FundingVC News Daily•Sep 16, 2014•DipJar, Project 11 Ventures, Sturtevant, Warren J. Katz
