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Venture Capital
project11.com

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Investments

26

Portfolio Exits

8

Funds

2

About Project 11 Ventures

Project 11 is an early stage venture capital firm that gives seed funding to firms in the internet sector. Their strategy is generally to make numerous small investments, initially ranging from $10,000 to $50,000. They also offer professional guidance and coaching to portfolio firms.Project 11 Ventures was founded by ex-Microsofties Reed Sturtevant and Katie Rae.

Project 11 Ventures Headquarters Location

6 Dexter Road

Lexington, Massachusetts, 02420,

United States

617-528-9011

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Latest Project 11 Ventures News

Project 11 Ventures - Workshop: Build Your Product Roadmap and Customer Development Plan

Apr 21, 2015

Project 11 Ventures - Workshop: Build Your Product Roadmap and Customer Development Plan When: Mon May 04, 2015 2:00 pm Organization: Project 11 Ventures Website: https://docs.google.com/forms/d/1Xjn5LyfzyLxsP-ULg-ngFR_eRItsqeJr6cTj9zkuM-I/viewform As partners in Project 11 Ventures we like to stay closely connected to entrepreneurs in our community. This is a special chance to spend half a day with Katie Rae, Bob Mason and Reed Sturtevant working closely together to refine and critique your key decisions relating to product design and customer development. Through both individual and group exercises, you will learn to apply top-down thinking to guide your roadmap as you prove product/market fit and build company value. + Who are the "actors" in your business and do their actions create a virtuous cycle? + What are the assumptions that need to be proven or disproven for the business to succeed? + How can you take risk out of the business in a quick, capital efficient way? The ideal participants would be the founding team of an early stage startup (aka pre-seed or seed stage) who bring an open, respectful and intellectually rigorous attitude. We will take care not to group competitive companies into the same workshop.

Project 11 Ventures Investments

26 Investments

Project 11 Ventures has made 26 investments. Their latest investment was in Volta Networks as part of their Series B on April 4, 2020.

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Project 11 Ventures Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

4/20/2020

Series B

Volta Networks

$11.03M

No

1

8/9/2019

Series A - II

Volta Networks

$5M

No

1

5/20/2019

Series A

Mightier

$6.6M

No

2

12/6/2018

Series A

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$99M

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10

10/5/2018

Series A

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$99M

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10

Date

4/20/2020

8/9/2019

5/20/2019

12/6/2018

10/5/2018

Round

Series B

Series A - II

Series A

Series A

Series A

Company

Volta Networks

Volta Networks

Mightier

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Amount

$11.03M

$5M

$6.6M

$99M

$99M

New?

No

No

No

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Co-Investors

Sources

1

1

2

10

10

Project 11 Ventures Portfolio Exits

8 Portfolio Exits

Project 11 Ventures has 8 portfolio exits. Their latest portfolio exit was Volta Networks on October 19, 2021.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

10/19/2021

Acquired

$99M

2

8/2/2021

Acquired

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$99M

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10

5/26/2021

IPO

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$99M

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10

2/19/2021

Acquired

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$99M

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10

5/22/2020

Acquired

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$99M

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10

Date

10/19/2021

8/2/2021

5/26/2021

2/19/2021

5/22/2020

Exit

Acquired

Acquired

IPO

Acquired

Acquired

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

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Sources

2

10

10

10

10

Project 11 Ventures Fund History

2 Fund Histories

Project 11 Ventures has 2 funds, including Project 11 Ventures I.

Closing Date

Fund

Fund Type

Status

Amount

Sources

Project 11 Ventures I

1

Project 11 Ventures Fund I

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10

Closing Date

Fund

Project 11 Ventures I

Project 11 Ventures Fund I

Fund Type

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Status

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Amount

Sources

1

10

Project 11 Ventures Team

3 Team Members

Project 11 Ventures has 3 team members, including current Managing Director, Robert Mason.

Name

Work History

Title

Status

Robert Mason

Managing Director

Current

Katie Rae

Managing Director

Current

Reed Sturtevant

Managing Director

Current

Name

Robert Mason

Katie Rae

Reed Sturtevant

Work History

Title

Managing Director

Managing Director

Managing Director

Status

Current

Current

Current

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