Project 11 Ventures

Project 11 Ventures is a venture capital firm established in 2014 and based in Cambridge, Massachusetts. The firm specializes in investing in pre-seed, startup, early-stage, and growth-capital companies, primarily within the technology and software sectors. Project 11 typically leads initial outside capital rounds, making investments ranging from $0.01 million to $1.5 million. The firm focuses on identifying opportunities with strong founder domain knowledge, effective leadership capabilities, and robust team dynamics, which are essential for facilitating rapid growth and scalability. After making an investment, the partners at Project 11 actively collaborate with the founders to enhance company value and drive successful growth trajectories.

Katie Rae

Managing Director

26 past transactions

Mightier

Series A in 2019
Mightier is a gaming platform designed to assist children in regulating their emotions through scientifically-backed methods. Founded in 2016 and based in Boston, Massachusetts, the platform features bioresponsive video games developed in collaboration with Boston Children's Hospital and Harvard Medical School. The games utilize a biofeedback heart rate monitor that adjusts the difficulty level based on the player's emotional state, helping children learn to manage their feelings in real-time. By engaging with these interactive experiences, children with behavioral and emotional challenges can discover their emotional strengths and develop skills to harness their emotions in everyday situations.

Forge.AI

Series A in 2018
Forge.AI specializes in activity-based intelligence, providing a platform that monitors global information in real time. This data is enhanced through natural language processing technology and a comprehensive knowledge base, resulting in structured and machine-readable data feeds. The platform allows clients to access information that is easily understandable and immediately usable by data science teams, facilitating informed decision-making. By transforming complex data into a format that supports analytical processes, Forge.AI empowers businesses to leverage actionable insights for improved operational outcomes.

Mightier

Seed Round in 2018
Mightier is a gaming platform designed to assist children in regulating their emotions through scientifically-backed methods. Founded in 2016 and based in Boston, Massachusetts, the platform features bioresponsive video games developed in collaboration with Boston Children's Hospital and Harvard Medical School. The games utilize a biofeedback heart rate monitor that adjusts the difficulty level based on the player's emotional state, helping children learn to manage their feelings in real-time. By engaging with these interactive experiences, children with behavioral and emotional challenges can discover their emotional strengths and develop skills to harness their emotions in everyday situations.

Sentenai

Seed Round in 2017
Sentenai Inc. is a Boston-based company that specializes in a cloud-based platform designed to automate data engineering for machine learning and predictive applications, particularly in the Internet of Things (IoT) and logistics sectors. Founded in 2015, Sentenai provides a service that connects intelligent systems to the necessary data for real-time decision-making. Its platform integrates distributed systems and applied machine learning to automatically organize sensor data streams, rendering them searchable and accessible. By automating data integration and enabling continuous analysis, Sentenai allows organizations to gain a comprehensive view of their systems, facilitating agile decision-making and generating actionable insights from operational data.

Tomorrow.io

Seed Round in 2017
Tomorrow.io operates a weather intelligence platform that delivers real-time, location-specific forecasts tailored to various industries affected by weather conditions. Utilizing advanced technologies such as wireless signals, connected vehicles, satellite communications, and traditional meteorological data, the platform provides accurate and customizable weather information. This enables clients, including notable organizations like the NFL, Uber, and Delta, to enhance operational efficiency, streamline communication, and optimize decision-making processes in response to weather challenges. Tomorrow.io's services are designed to improve productivity and profit margins across diverse sectors, with a presence in North America, Latin America, Europe, and Asia.

TellusLabs

Seed Round in 2017
TellusLabs, Inc. is a data analytics company based in Boston, Massachusetts, founded in 2016. It specializes in utilizing satellite imagery and machine learning to provide insights on critical economic and environmental issues, focusing on sectors such as agriculture, water management, and urban planning. The company's flagship product, Kernel, delivers agricultural intelligence by analyzing a vast database of satellite and weather data, allowing for accurate forecasts of crop health and conditions. Additionally, Argus, another key offering, serves as a geospatial data discovery platform that grants users access to extensive planetary-scale datasets. By combining decades of satellite data with advanced analytical techniques, TellusLabs aims to reduce uncertainty for its clients through timely, science-quality insights. As of December 2018, TellusLabs operates as a subsidiary of Indigo Ag, Inc.

Airfox

Seed Round in 2016
Airfox is a financial technology company focused on enhancing financial inclusion for underbanked populations in emerging economies. With a presence in Boston and São Paulo, Airfox seeks to establish a new financial services model that democratizes access to capital through a mobile-first solution. The company connects mobile airtime sponsors with prepaid mobile subscribers, allowing users to earn AirTokens that can be converted into mobile airtime. By leveraging this innovative approach, Airfox aims to provide essential financial services and improve mobile access for underserved communities.

Wise Systems

Venture Round in 2016
Wise Systems Inc. develops autonomous dispatch and routing software that enhances delivery efficiency for various industries, including food, beverage, courier, energy, and field service. Founded in 2014 and based in Cambridge, Massachusetts, the company leverages machine learning algorithms to optimize last-mile operations. Its platform includes tools such as Scheduler, which dynamically creates and dispatches optimized route plans; Dispatcher, which allows managers to monitor delivery progress and driver performance; and Customer Portal, enabling recipients to track their orders with real-time ETAs. Wise Systems also offers Smart Reservation Management, allowing customers to select their preferred delivery times. Clients typically experience significant benefits, including reductions in mileage and late deliveries, as well as increased fleet utilization. The software processes millions of data points to make real-time decisions, facilitating efficient transportation operations while reducing costs.

RadioPublic

Seed Round in 2016
RadioPublic is an innovative online platform that enhances the podcasting experience for both listeners and creators. It facilitates the discovery and engagement of new podcasts while providing tools for podcasters to connect with their audience and monetize their content. The platform includes features such as embedded web audio players, native podcast applications, and podcast marketing websites. By integrating these resources, RadioPublic supports podcasters in growing their audience and achieving success with their audio storytelling endeavors.

Airmada

Seed Round in 2016
Airmada Inc. is a maritime drone services company headquartered in Boston, Massachusetts, specializing in the delivery of small parcels to vessels off port limits. The company retrieves parcels, which can include fuel samples, sanitation control certificates, navigation charts, local sim cards, medicine, and original signed documents, directly from clients' doorsteps and delivers them to the vessels. Airmada enhances its service by live-streaming video recordings of these deliveries and providing high-definition footage of missions conducted over client vessels. In addition to parcel delivery, Airmada offers inspection and surveying services, performing routine and on-demand inspections related to vessel transactions, safety protocols, and environmental concerns. The company also provides first response services. Airmada has developed automated ground stations for drones that facilitate continuous drone coverage and mission execution without the need for human presence, significantly reducing operational costs. The company was incorporated in 2015.

Elemental Machines

Seed Round in 2016
Elemental Machines, Inc., founded in 2014 and based in Cambridge, Massachusetts, specializes in providing a smart lab platform designed to enhance laboratory operations in science-based industries. The company's innovative technology continuously monitors equipment and environmental variables, delivering data-driven insights that foster improved research, development, and manufacturing outcomes. By utilizing intelligent sensors, the platform visualizes the entire testing environment and issues alerts for any anomalous results, thereby ensuring experimental reproducibility. This capability allows clients to refine and accelerate their work across all phases of product innovation, ultimately leading to greater clarity, transparency, and consistency in laboratory processes.

Sentenai

Seed Round in 2016
Sentenai Inc. is a Boston-based company that specializes in a cloud-based platform designed to automate data engineering for machine learning and predictive applications, particularly in the Internet of Things (IoT) and logistics sectors. Founded in 2015, Sentenai provides a service that connects intelligent systems to the necessary data for real-time decision-making. Its platform integrates distributed systems and applied machine learning to automatically organize sensor data streams, rendering them searchable and accessible. By automating data integration and enabling continuous analysis, Sentenai allows organizations to gain a comprehensive view of their systems, facilitating agile decision-making and generating actionable insights from operational data.

DipJar

Seed Round in 2015
DipJar, Inc. provides an innovative electronic tip jar designed to facilitate cashless gratuities and donations across various settings, such as coffee shops, barbershops, and charitable organizations. Established in 2011 and headquartered in New York, DipJar offers a user-friendly platform that allows customers to make quick credit card donations through its connected devices. This one-step donation process enhances the fundraising experience by enabling organizations of all sizes to collect contributions seamlessly, thereby creating opportunities for cashless generosity. The company's technology aims to transform traditional fundraising methods by making it easier for supporters to contribute at any time and place.

AlphaSheets

Seed Round in 2015
AlphaSheets is a Boston-based company that offers cloud-based programmable spreadsheet solutions tailored for financial analytics, business intelligence, risk management, and bioinformatics. Its primary product, AlphaSheets, aims to address the limitations of traditional spreadsheets in enterprise settings by providing an intuitive and visually appealing interface. The platform allows users to import data and functions from diverse sources, facilitating comprehensive analysis and visualization across various applications. Through its innovative approach, AlphaSheets seeks to enhance the usability and efficiency of spreadsheet tools for professionals.

TVision

Seed Round in 2015
TVision is an audience measurement company that specializes in providing detailed insights into viewer engagement with television content. Founded in 2014 and headquartered in New York City, with additional offices in Boston and Tokyo, TVision offers second-by-second, person-level data that reveals who is watching, what they are watching, and the level of attention being paid to both linear and streaming television. This data is crucial for advertisers, agencies, networks, streaming providers, and other data platforms, as it enables them to make informed media decisions, assess performance, create compelling content, and benchmark against competitors. By delivering real-time performance metrics, TVision helps its clients enhance advertising effectiveness and efficiency.

Volta Networks

Seed Round in 2015
Volta Networks, Inc. is a technology company that specializes in providing a cloud-based Routing-as-a-Service control plane. Founded in 2015 and headquartered in Cambridge, Massachusetts, with an additional office in Barcelona, Spain, Volta develops the Volta Elastic Virtual Routing Engine. This innovative platform enables customers to construct flexible and scalable networking infrastructures, significantly reducing costs by leveraging cloud technology to optimize routing for low-cost, white box switches. The solutions offered by Volta are applicable in various contexts, including provider edge routers, peering routers, and mobile backhaul applications. By virtualizing and automating the routing control plane, Volta simplifies network management and accelerates the rollout of new services, making it easier for clients to deliver on-demand applications and enhance mobility at scale.

Dataquest

Seed Round in 2015
Dataquest Labs, Inc. is an online platform based in San Francisco that specializes in providing interactive data science education. Established in 2015, the company offers a range of courses aimed at individuals with no prior experience, covering essential skills such as Python, R, SQL, data visualization, data analysis, and machine learning. Dataquest's training platform is designed to meet industry requirements, helping users to build practical projects that enhance their employability and prepare them for job interviews. With a commitment to transforming the education system, Dataquest has successfully assisted over 500,000 students in advancing their careers through its accessible and comprehensive learning services.

MoveWith

Seed Round in 2015
MoveWith, Inc. is an online platform that connects users with fitness activities and instructors, allowing individuals to discover, book, and participate in various fitness classes. The platform offers a personalized audio fitness experience, featuring a diverse range of categories including running, strength training, high-intensity interval training (HIIT), yoga, and meditation. Users can access audio classes led by professional coaches, which aim to enhance their fitness levels and overall well-being. Founded in 2014 and based in San Francisco, California, with an additional location in Boston, MoveWith provides an innovative solution for those seeking to engage in fitness training both indoors and outdoors.

LibertyX

Seed Round in 2015
LibertyX is a prominent provider of a financial software platform that facilitates the purchase of bitcoin in-person or through a mobile application. Founded in 2013 and headquartered in Boston, Massachusetts, the company operates America's largest network of bitcoin ATMs, cashiers, and kiosks, with thousands of locations across 43 states. Consumers can buy bitcoin using cash and debit cards at these various outlets, making the process accessible and straightforward. The platform also includes virtual automatic teller machines, allowing users to seamlessly acquire bitcoin both online and offline from local stores.

Rest Devices

Seed Round in 2015
Rest Devices, Inc. specializes in manufacturing innovative baby body suits designed to monitor infants' health and activity. Their flagship product, Mimo, is an organic cotton onesie equipped with non-contact, machine-washable sensors that track vital metrics such as respiration, skin temperature, body position, and activity levels. The data collected is transmitted to a Lilypad base station using Bluetooth Low Energy and can be accessed by parents through a dedicated mobile application available on iOS and Android. Founded in 2011 and based in Boston, Massachusetts, Rest Devices aims to lead the connected nursery market by creating user-friendly, reliable products that seamlessly integrate into parenting routines, while actively engaging with the parenting community to enhance their offerings.

DipJar

Seed Round in 2014
DipJar, Inc. provides an innovative electronic tip jar designed to facilitate cashless gratuities and donations across various settings, such as coffee shops, barbershops, and charitable organizations. Established in 2011 and headquartered in New York, DipJar offers a user-friendly platform that allows customers to make quick credit card donations through its connected devices. This one-step donation process enhances the fundraising experience by enabling organizations of all sizes to collect contributions seamlessly, thereby creating opportunities for cashless generosity. The company's technology aims to transform traditional fundraising methods by making it easier for supporters to contribute at any time and place.

Alchemista

Seed Round in 2014
Alchemista specializes in online catering services aimed at creating enhanced food experiences for companies. The company offers a diverse selection of restaurants and eating options, ensuring clients can choose from high-quality culinary providers. Alchemista manages the delivery, setup, and coordination of catering events, focusing on both the quality of food and the reliability of service. By pre-screening restaurants, they ensure that clients receive not only delicious meals but also efficient and professional service. This approach allows organizations, including universities and businesses, to organize events seamlessly while enjoying a curated menu tailored to their needs.

Spindle

Venture Round in 2012
Spindle, Inc. is a payment-processing service provider based in Marco Island, Florida, catering primarily to small and medium-sized businesses. The company utilizes its Catalyst Gateway to facilitate transactions for merchants and also serves as an agent, independent contractor, or referral partner, connecting merchants to various merchant processors and earning ongoing fees based on their processing volume. Additionally, Spindle offers a geo-restricted mobile application that delivers information and updates on public events and locations shared on social media platforms like Facebook and Twitter.

Adelphic

Seed Round in 2012
Adelphic, Inc. is a company that specializes in a programmatic advertising platform designed to connect brands with audiences across multiple channels. Established in 2011 and based in Waltham, Massachusetts, Adelphic offers a user-friendly campaign management portal that enables non-technical users to plan, create, launch, and optimize their advertising campaigns. Its platform features an Audience Cube tool, which captures large volumes of data to create custom audience segments and insights, and includes predictive performance engine solutions. The technology is fully real-time bidding (RTB) enabled, allowing access to a wide range of inventory providers, thus facilitating meaningful consumer engagements across various devices and formats. Adelphic primarily serves agencies, brands, and large media buyers, and has been operating as a subsidiary of Viant Technology Inc. since early 2017.

Adelphic

Seed Round in 2011
Adelphic, Inc. is a company that specializes in a programmatic advertising platform designed to connect brands with audiences across multiple channels. Established in 2011 and based in Waltham, Massachusetts, Adelphic offers a user-friendly campaign management portal that enables non-technical users to plan, create, launch, and optimize their advertising campaigns. Its platform features an Audience Cube tool, which captures large volumes of data to create custom audience segments and insights, and includes predictive performance engine solutions. The technology is fully real-time bidding (RTB) enabled, allowing access to a wide range of inventory providers, thus facilitating meaningful consumer engagements across various devices and formats. Adelphic primarily serves agencies, brands, and large media buyers, and has been operating as a subsidiary of Viant Technology Inc. since early 2017.

Locately

Angel Round in 2010
Locately is at the forefront of location analytics, specializing in shopper insights services across the United States and Canada. The company utilizes advanced software to analyze semi-continuous GPS data from mobile devices, providing valuable insights into consumer behavior and shopping patterns. By replacing traditional in-person shopper intercepts with a sophisticated big data solution, Locately leverages mobile location data to help clients understand where and how consumers shop. This innovative approach enables businesses to enhance their sales strategies and improve operational efficiency.
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