Project 11 Ventures

Project 11 Ventures, established in 2014, is a Cambridge, Massachusetts-based venture capital firm. It specializes in early-stage investments, typically ranging from $0.01 million to $1.5 million, focusing on technology and software sectors. The firm seeks to lead a startup's first external funding round, investing in companies with strong founder teams, proven leadership, and scalable business models, particularly in consumer mobile, B2B, cybersecurity, robotics, health IT, and ag tech sectors. Post-investment, Project 11 actively collaborates with founders to accelerate growth and company value.

Katie Rae

Managing Director

26 past transactions

Mightier

Series A in 2019
Mightier is a Boston-based gaming platform established in 2016 that focuses on helping children develop emotional regulation skills through bioresponsive video games. The company's innovative program, developed in collaboration with Boston Children's Hospital and Harvard Medical School, utilizes a heart rate monitor to create a unique gaming experience where the game's difficulty adjusts based on the player's emotional state. This approach allows children to visualize their emotions in real-time, enabling them to learn how to manage their feelings effectively. By engaging with these games, kids with behavioral and emotional challenges can discover their emotional strengths and improve their ability to cope with daily situations.

Forge.AI

Series A in 2018
Forge.AI is a developer of an activity-based intelligence platform that specializes in real-time monitoring of global information. The company's technology employs natural language processing to transform and enrich raw data, converting it into structured, machine-readable formats. This enables clients to access information that is both analytically sound and written for human consumption. By providing computational-ready knowledge, Forge.AI supports data science teams in making informed decisions, facilitating enhanced analytics and insights for businesses across various sectors.

Mightier

Seed Round in 2018
Mightier is a Boston-based gaming platform established in 2016 that focuses on helping children develop emotional regulation skills through bioresponsive video games. The company's innovative program, developed in collaboration with Boston Children's Hospital and Harvard Medical School, utilizes a heart rate monitor to create a unique gaming experience where the game's difficulty adjusts based on the player's emotional state. This approach allows children to visualize their emotions in real-time, enabling them to learn how to manage their feelings effectively. By engaging with these games, kids with behavioral and emotional challenges can discover their emotional strengths and improve their ability to cope with daily situations.

Sentenai

Seed Round in 2017
Sentenai Inc. is a Boston-based company founded in 2015 that specializes in developing a cloud-based platform aimed at automating data engineering for machine learning and predictive applications, particularly in the fields of Internet of Things (IoT) and logistics. The company's flagship product enables intelligent systems to access the necessary data for real-time decision-making by combining distributed systems with applied machine learning. Sentenai's platform efficiently organizes sensor data streams, making them searchable and actionable, while automating data integration for continuous analysis. This approach allows organizations to gain a comprehensive view of their operations, facilitating agile decision-making by uncovering risks, anomalies, and potential threats within their data.

Tomorrow.io

Seed Round in 2017
Tomorrow.io is a company that develops a weather intelligence platform designed to provide real-time and location-specific weather forecasts. Leveraging advanced technologies such as wireless signals, satellite data, and street cameras, the platform offers highly accurate micro weather information tailored to various industries affected by weather conditions. Customers, including notable organizations like the NFL, Uber, Delta, Ford, and National Grid, utilize Tomorrow.io's services to enhance operational efficiency, streamline communication, and optimize productivity and profit margins. The company operates globally, with a presence in North America, Latin America, Europe, and Asia, enabling businesses and individuals to effectively manage weather-related challenges and improve decision-making processes across different sectors.

TellusLabs

Seed Round in 2017
TellusLabs, Inc. is a Boston-based company that specializes in developing a planetary-scale data analytics platform utilizing satellite imagery and machine learning to address pressing economic and environmental issues. Founded in 2016, the company focuses on high-value sectors, providing insights into critical areas such as food security and water scarcity. Its flagship product, Kernel, leverages a vast database of satellite and weather data to deliver agricultural intelligence, enabling accurate forecasts of crop conditions. Additionally, TellusLabs offers Argus, a geospatial data discovery platform that grants users access to extensive planetary-scale datasets. The company aims to reduce uncertainty for its customers by delivering science-quality, global-scale results on a daily basis, facilitating informed decision-making across various industries. 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 the underbanked in emerging economies. Operating from Boston and São Paulo, Airfox aims to establish a new financial services model that democratizes access to capital and essential financial services. The company employs a mobile-first approach, allowing users to earn AirTokens through mobile airtime, which can be converted into mobile data. By connecting mobile airtime sponsors with prepaid mobile subscribers, Airfox facilitates greater access to financial resources for individuals who traditionally lack banking services, thereby promoting economic empowerment and accessibility within these markets.

Wise Systems

Venture Round in 2016
Wise Systems Inc. is a technology company that specializes in developing autonomous dispatch and routing software aimed at enhancing last-mile delivery operations across various industries, including food and beverage, courier, and field service. Founded in 2014 and based in Cambridge, Massachusetts, the company leverages machine learning to improve fleet efficiency and customer service. Its platform includes tools such as Scheduler for creating optimized route plans, Dispatcher for real-time monitoring of deliveries, and a Customer Portal that provides recipients with accurate ETAs. Wise Systems' software processes millions of data points to make intelligent, real-time decisions, which can lead to significant reductions in mileage and late deliveries. By integrating advanced algorithms, the company enables fleet managers to optimize their operations and reduce costs, ultimately improving the overall delivery experience for customers.

RadioPublic

Seed Round in 2016
RadioPublic is an innovative online podcasting platform that facilitates the discovery and engagement of listeners with audio content, including stories and podcasts. It offers a suite of tools designed to enhance the podcasting experience, featuring embedded web audio players, native applications, and marketing websites tailored for podcasters. Additionally, the platform provides methods for direct listener monetization, empowering creators to earn from their content. By focusing on connecting audiences to new podcasts while simplifying access to favorites, RadioPublic supports podcasters in successfully growing their audience and enhancing their overall presence in the audio landscape.

Airmada

Seed Round in 2016
Airmada Inc. is a maritime drone services company based in Boston, Massachusetts, that specializes in delivering small parcels to vessels off port limits. The company collects parcels, such as fuel samples, sanitation control certificates, navigation charts, local sim cards, medicine, and signed documents, directly from clients' doorsteps and delivers them to ships. Airmada enhances the delivery experience by live-streaming video recordings of each mission and providing clients with high-definition footage of their operations. In addition to parcel delivery, Airmada offers inspection and surveying services, conducting routine and on-demand assessments related to vessel transactions, suspicious activities, emergency response, and compliance with safety regulations. The company also builds and deploys automated ground stations for drones, which enable persistent coverage and mission execution without the need for human presence, effectively lowering the cost of drone-enabled services. Airmada Inc. was incorporated in 2015 and continues to innovate in the maritime logistics sector.

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 founded in 2015 that specializes in developing a cloud-based platform aimed at automating data engineering for machine learning and predictive applications, particularly in the fields of Internet of Things (IoT) and logistics. The company's flagship product enables intelligent systems to access the necessary data for real-time decision-making by combining distributed systems with applied machine learning. Sentenai's platform efficiently organizes sensor data streams, making them searchable and actionable, while automating data integration for continuous analysis. This approach allows organizations to gain a comprehensive view of their operations, facilitating agile decision-making by uncovering risks, anomalies, and potential threats within their data.

DipJar

Seed Round in 2015
DipJar, Inc. is a New York-based company that has developed an innovative electronic tip jar designed to facilitate cashless gratuities and donations. Founded in 2011, DipJar offers a range of contactless donation devices that allow users to make quick and seamless contributions via credit cards or mobile phones. This unique platform is particularly beneficial for nonprofits, enabling them to collect one-step donations wherever they engage with potential supporters, such as in coffee shops or at public events. By providing an easy-to-use solution for both donors and organizations, DipJar promotes frictionless giving experiences and enhances fundraising efforts across various sectors.

AlphaSheets

Seed Round in 2015
AlphaSheets is a Boston-based company that offers a cloud-based, programmable spreadsheet platform designed for financial analytics, business intelligence, risk management, and bioinformatics. The company's main product, AlphaSheets, aims to address common issues found in traditional enterprise spreadsheets by providing an intuitive and visually appealing user experience. The platform enables users to import data and functions from various sources, facilitating comprehensive analysis and visualizations. By focusing on enhancing usability and functionality, AlphaSheets seeks to transform how organizations interact with and leverage spreadsheet tools in their operations.

TVision

Seed Round in 2015
TVision is an audience measurement company that specializes in providing detailed insights into TV and cable television viewer engagement. 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 captures who is watching, what they are watching, and the attention levels of viewers for both linear and streaming TV. Its technology enables advertisers, agencies, networks, and content providers to enhance advertising effectiveness by making informed media decisions, measuring performance, creating engaging content, and benchmarking against competitors. By delivering real-time performance metrics, TVision allows its clients to optimize their strategies and improve engagement with audiences across various viewing platforms.

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, the company develops the Volta Elastic Virtual Routing Engine. This innovative solution allows customers to construct flexible and scalable networking infrastructures while significantly reducing costs associated with traditional routing systems. By leveraging cloud technology and virtualization, Volta Networks optimizes routing for low-cost, white box switches, thereby simplifying network control and management complexities. Its offerings are applicable in various domains, including provider edge routers, peering routers, cell site gateway routers, mobile backhaul, and cloud integration. The company's focus on automation enables rapid deployment of new network services, positioning it as a key player in the evolving landscape of network management and infrastructure.

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 facilitates fitness training by allowing users to discover, connect with, and book classes led by professional instructors. Founded in 2014 and based in San Francisco with an additional location in Boston, the company formerly operated under the name Gritsy, Inc. MoveWith offers a personalized audio fitness app that includes classes across nine categories, such as running, strength training, high-intensity interval training, yoga, and meditation. This approach aims to engage users' mind, body, and soul, empowering them to achieve their fitness goals through tailored audio experiences.

LibertyX

Seed Round in 2015
LibertyX is America's oldest and largest network for purchasing bitcoin, operating thousands of locations across 43 states. Founded in 2013 and headquartered in Boston, Massachusetts, the company offers a financial software platform that facilitates the buying and selling of bitcoin through in-person transactions as well as a mobile application. Consumers can purchase bitcoin using cash or debit cards at local stores equipped with cashiers and virtual automatic teller machines. This setup allows users to easily acquire bitcoin both online and offline, enhancing accessibility to cryptocurrency for a broader audience.

Rest Devices

Seed Round in 2015
Rest Devices, Inc. is a Boston-based company that specializes in manufacturing connected baby products designed to facilitate parental monitoring. Its flagship product, Mimo, is an innovative baby bodysuit made from organic cotton, embedded with non-contact sensors that track vital metrics such as respiration, skin temperature, body position, and activity levels. The data collected by Mimo is transmitted to a Lilypad base station via Bluetooth Low Energy and can be accessed by parents through a dedicated mobile application available for both iOS and Android devices. Since its incorporation in 2011, Rest Devices has positioned itself as a leader in the nursery technology market, emphasizing the development of reliable, user-friendly products that enhance the parenting experience.

DipJar

Seed Round in 2014
DipJar, Inc. is a New York-based company that has developed an innovative electronic tip jar designed to facilitate cashless gratuities and donations. Founded in 2011, DipJar offers a range of contactless donation devices that allow users to make quick and seamless contributions via credit cards or mobile phones. This unique platform is particularly beneficial for nonprofits, enabling them to collect one-step donations wherever they engage with potential supporters, such as in coffee shops or at public events. By providing an easy-to-use solution for both donors and organizations, DipJar promotes frictionless giving experiences and enhances fundraising efforts across various sectors.

Alchemista

Seed Round in 2014
Alchemista is an online catering service dedicated to curating exceptional food experiences for businesses and universities. The company offers a diverse selection of restaurants, personal chefs, and custom food menus to meet the catering needs of large events. Alchemista ensures a high standard by pre-screening all restaurant partners, assessing both the quality of their food and their service capabilities. This thorough vetting process guarantees that clients can confidently order from establishments known for their culinary excellence and reliable delivery. By managing the logistics of delivery, setup, and coordination, Alchemista enables clients to focus on their events while enjoying a seamless catering experience.

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 developing a mobile and cross-channel programmatic advertising platform aimed at connecting brands with audiences. Founded in 2011 and based in Waltham, Massachusetts, Adelphic offers a self-service software solution that allows non-technical users to manage advertising campaigns effectively. Its platform is designed to facilitate meaningful engagements with consumers across various devices and formats, utilizing real-time bidding capabilities to ensure global reach. Key features of the platform include a campaign management portal, Audience Cube for data segmentation and insights, and predictive performance engine solutions. Adelphic primarily serves agencies, brands, and large media buyers, enabling them to overcome user identification limitations in digital advertising by providing rich, detailed profiles of consumers. As of early 2017, Adelphic operates as a subsidiary of Viant Technology Inc.

Adelphic

Seed Round in 2011
Adelphic, Inc. is a company that specializes in developing a mobile and cross-channel programmatic advertising platform aimed at connecting brands with audiences. Founded in 2011 and based in Waltham, Massachusetts, Adelphic offers a self-service software solution that allows non-technical users to manage advertising campaigns effectively. Its platform is designed to facilitate meaningful engagements with consumers across various devices and formats, utilizing real-time bidding capabilities to ensure global reach. Key features of the platform include a campaign management portal, Audience Cube for data segmentation and insights, and predictive performance engine solutions. Adelphic primarily serves agencies, brands, and large media buyers, enabling them to overcome user identification limitations in digital advertising by providing rich, detailed profiles of consumers. As of early 2017, Adelphic operates as a subsidiary of Viant Technology Inc.

Locately

Angel Round in 2010
Locately is a company that specializes in Location Analytics, utilizing advanced software to analyze semi-continuous GPS data from mobile phones. Its services, available in the US and Canada, focus on providing shopper insights by replacing traditional in-person methods of data collection with a modern big data solution. By mining location data, Locately helps clients gain a deeper understanding of consumer behavior and shopping patterns, ultimately enabling them to enhance their sales strategies effectively.
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