About 11.2 Capital
11.2 Capital is a venture capital firm founded in 2013. It is primarily based out of San Francisco, United States. As of Jul 2024, 11.2 Capital has invested in 56 companies. It primarily invests in Series A round in United States based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to High Tech and Life Sciences. Most recently it participated in the $***** Series A round of Noetik Overall, 11.2 Capital portfolio has seen 3 unicorns, 3 IPOs and 9 acquisitions including key companies like Hinge Health, Cruise and Anyscale. A lot of funds co-invest with 11.2 Capital, with names like Amplify Partners sharing a substantial percentage of its portfolio. 11.2 Capital has team of 3 people including 2 partners.Key Metrics
Team Members
Portfolio Count
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed, Series A & 2 more
Portfolio IPOs
Portfolio Acquisitions
Portfolio Unicorns
Portfolio Soonicorns
11.2 Capital's List of Top Investments
11.2 Capital has a portfolio of 56 companies, including 3 unicorns. Their most notable investments are in Passage AI and uMed.Their portfolio spans across United States, Canada, United Kingdom and 3 more locations. They have invested in Enterprise Applications, High Tech, Life Sciences and 20 other sectors, across stages such as Seed, Series A and 2 more. Here is the list of top investments by 11.2 Capital:
1. Hinge Health
Provider of virtual physical therapy and digital pain care solutions. It offers personalized care combining expert clinical care and advanced technology. The platform includes exercise demonstrations, personalized goal setting, and communication with a care team. A women's pelvic health program is also available, addressing various needs throughout a woman's life. The company aims to improve mobility, aid injury recovery, and prepare patients for surgery.
Key facts about Hinge Health
- Founded Year: 2015
- Location: San Francisco (United States)
- Stage: Public
- Total Funding till date: $854M
- Employee Count: 1,109 as on Jul 01, 2024
- Investors: TCV, Lead Edge Capital and 13 Others
- Latest Funding Round: Series E, Oct 22, 2021, $*****
- Highlight: Public
2. Cruise
Platform offering solutions for autonomous car. It develops hardware and software-enabled solutions for autonomous cars. It develops customized hardware with the power to manage the software stack. It uses AI to collect data from sensors and also offers object recognition and precision solutions for autonomous vehicles. Also, it offers testing and simulation solutions.
Key facts about Cruise
- Founded Year: 2013
- Location: San Francisco (United States)
- Stage: Acquired
- Total Funding till date: $7.72B
- Employee Count: 3,024 as on Jul 01, 2024
- Investors: T. Rowe Price, Tuesday Capital and 38 Others
- Latest Funding Round: Series E, Feb 01, 2022, $*****
- Highlight: Acquired
3. Anyscale
Provider of an AI-based open-source framework for building distributed applications. It claims to handle large computing projects which involve AI, scientific, or complex calculations. It claims to leverage Ray to scale Python workloads with code modifications and provides auto-modeling processes for creating personalized chip tests.
Key facts about Anyscale
- Founded Year: 2019
- Location: San Francisco (United States)
- Valuation: $*****
- Stage: Series C
- Total Funding till date: $281M
- Employee Count: 130 as on Dec 31, 2024
- Investors: Andreessen Horowitz, Addition and 8 Others
- Latest Funding Round: Series C, Oct 15, 2021, $*****
- Highlight: Editors' Pick
4. Covariant
Developer of imitation models for teaching articulation tasks to robotic arms. It uses a COTS VR HMD and hand-tracking system to allow a programmer to demonstrate a specific hand movement. The imitation learning models translate this to specific instruction rewards set for the robot, allowing it to learn the movement quickly. Embodied Intelligence claims that its imitation models are better than the more standard reinforcement learning models (since the latter requires a lot of time when applied to physical actions), and are also better than hard-coding specific movements.
Key facts about Covariant
5. Avaamo
Provider of conversational AI platform for enterprises. It offers solutions to design and deploy omnichannel intelligent assistants. It enables users to implement conversational interfaces in areas like banking, insurance, telco, retail, manufacturing, and healthcare. The company claims that the technology automates judgment-intensive, multi-turn responses to complex, domain-specific customer queries with training data.
Key facts about Avaamo
- Founded Year: 2014
- Location: Los Altos (United States)
- Annual Revenue: ₹31.8Cr as on Mar 31, 2024
- Valuation: $*****
- Stage: Series A
- Total Funding till date: $23.5M
- Employee Count: 118 as on Oct 31, 2024
- Investors: Clear Ventures, Bluepointe Ventures and 11 Others
- Latest Funding Round: Conventional Debt, Aug 02, 2021, $*****
- Highlight: Editors' Pick
11.2 Capital's Year-on-Year Investment Trends
11.2 Capital has invested in 56 companies over the last 12 years, with an average of 2 new investments annually in the last 10 years. Its most recent first time investment was in Leen and most recent follow-on round was in Noetik.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 0 | 0 | 0 |
2024 | 2 | 3 | 5 |
2023 | 3 | 2 | 5 |
2022 | 3 | 1 | 4 |
2021 | 3 | 2 | 5 |
2020 | 2 | 4 | 6 |
2019 | 2 | 0 | 2 |
2018 | 3 | 1 | 4 |
2017 | 4 | 0 | 4 |
11.2 Capital's Investments by Stage
11.2 Capital has made 12 investments in Seed stage with an average round size of $5.86M, 9 investments in Series A stage with an average round size of $14.2M, 1 investment in Series B stage with an average round size of $13M and 1 investment in Unattributed stage with an average round size of $12.4M.Stage of entry | No. of Investments |
|---|---|
Seed | 12 |
Series A | 9 |
Series B | 1 |
Unattributed | 1 |
Note: We have considered here, only first round of investments
11.2 Capital's Investments by Sector
11.2 Capital has a diverse portfolio, with companies operating in the Enterprise Applications, High Tech, Enterprise Infrastructure, HealthTech and Life Sciences. Notably, it has invested in 51 Tech companies, 47 Enterprise (B2B) companies, 37 Software companies and at least 19 companies focusing on Saas.Sector | No. of Investments |
|---|---|
Enterprise Applications | 17 |
High Tech | 11 |
Enterprise Infrastructure | 5 |
HealthTech | 4 |
Life Sciences | 4 |
Others | 15 |
Note: We have considered here, only first round of investments
11.2 Capital's Investments by Geography
11.2 Capital has made most investments in United States (18), followed by United Kingdom where it has made 2 investments.Country | No. of Investments |
|---|---|
United States | 18 |
United Kingdom | 2 |
Bahamas | 1 |
Canada | 1 |
Note: We have considered here, only first round of investments
11.2 Capital's recent investments
11.2 Capital has not made any investment in 2026 so far.Here are the most recent investments by 11.2 Capital:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Jul 31, 2024 | United States | Series A | 8962 | Polaris Partners [+14] | |
Jul 10, 2024 | United States | Series C | 7592 | Schooner Capital [+4] | |
Jul 10, 2024 | United States | Seed | 2540 | ||
Mar 08, 2024 | United States | Series B | 7343 | Emergence Capital [+8] | |
Feb 08, 2024 | United States | Series A | 4123 | Prelude Ventures [+6] |
Unicorns in 11.2 Capital's Portfolio
11.2 Capital has 3 unicorns in its portfolio - JupiterOne, Anyscale and Forter. The most recent unicorn in their portfolio is JupiterOne. It became a unicorn in 2022, 3 years before 11.2 Capital first invested in it.Here is a list of unicorns in 11.2 Capital's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
58 | Provider of cyber asset attack surface management and security solutions | 2018 | Morrisville | Series C | gtxdcby | ||
71 | Provider of an AI-based open source framework for building distributed applications | 2019 | San Francisco | Series C | kcbivi{ | ||
65 | Cloud-based fraud prevention solutions for businesses | 2013 | New York City | Series F | ou{rsvv |
IPOs and Publicly Listed companies in 11.2 Capital's Portfolio
3 of 11.2 Capital's portfolio companies have become public. Hinge Health got listed on the New York Stock Exchange (NYSE), in May 2025 at marketcap of $792M and Ginkgo Bioworks got listed on the New York Stock Exchange (NYSE).Here are 11.2 Capital's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
May 22, 2025 | Jul 24, 2017 | Series A | 1322 | |
Sep 17, 2021 | - | - | 9500 | |
Apr 08, 2004 | - | - | 8260 |
Acquired companies in 11.2 Capital's Portfolio
9 companies from 11.2 Capital's portfolio have been acquired. The most recent acquisition were Mantle.Here are 11.2 Capital's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Nov 04, 2025 | Feb 24, 2021 | Series B | 5432 | |
Jan 30, 2025 | Feb 10, 2022 | Unattributed | 4376 | |
Sep 16, 2024 | - | - | 9758 | |
Jul 06, 2022 | - | - | 9417 | |
Feb 08, 2022 | - | - | 3590 |
Team profile of 11.2 Capital
11.2 Capital has a team of 3 members including 2 Partners and 1 Principal located in United States. 11.2 Capital's team does not sit on the board of any company as of now.Here is a list of all team members in 11.2 Capital:
Name | Designation | Location | Board Memberships | Contact details |
|---|---|---|---|---|
Partner | Las Vegas | - | ||
Partner | Palo Alto | - | - | |
Principal | San Francisco | - | - |
Co-investors of 11.2 Capital
Over the past 12 years, 214 investors have co-invested in 11.2 Capital's portfolio companies. This includes funds and angels.
- Invested before 11.2 Capital: Andreessen Horowitz, Clear Ventures and 11 others have invested in rounds before 11.2 Capital. There is 1 company where Andreessen Horowitz has invested before 11.2 Capital and 1 company where Clear Ventures has invested before 11.2 Capital.
- Top Co-investors of 11.2 Capital: 110 investors entered a company along with 11.2 Capital. These include investors like Amplify Partners (2 companies).
- Invested after 11.2 Capital: A total of 91 investors have invested in 11.2 Capital's portfolio after their investments. Top Investors include Temasek (2 companies), Emergence Capital (2 companies) and In-Q-Tel (2 companies).
Recent News related to 11.2 Capital
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Noetik: AI-Based Biotech Company Raises $40 Million (Series A) To Develop Cancer TherapeuticsPulse 2.0•Sep 01, 2024•Noetik, Khosla Ventures, Wittington Ventures, Breakout Ventures and 10 others
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Noetik raises $40M Series A to advance AI ambitions in cancer — with an unlikely lead investorEndPoints News•Aug 28, 2024•Noetik, Polaris Partners, Khosla Ventures, Wittington Ventures and 10 others
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Mantle: Metal 3D Printing Company Raises $20 MillionPulse 2.0•Jul 19, 2024•Mantle, Schooner Capital, Fine Structure Ventures, Foundation Capital and 3 others
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Mantle Secures $20 Million in Series C Funding to Expand Breakthrough Metal 3D Printing Technology for Precision ToolingBusiness Wire•Jul 10, 2024•Mantle, Schooner Capital, Fine Structure Ventures, Foundation Capital and 8 others
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COALESCE, which develops the data management software "COALESCE" that automates data operations, carries $ 50 million in the series B -round.startuplog.com•Apr 06, 2024•Coalesce, Industry Ventures, Emergence Capital, 11.2 Capital and 6 others
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Leen Banks Early Stage Funding for Data Security TechnologySecurityWeek•Mar 25, 2024•Leen, 11.2 Capital, Inner Loop Capital, Preface Ventures
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Thea Energy, which deploys stellarators for fusion power plants, raises $20 million in Series A roundstartuplog.com•Feb 09, 2024•Thea Energy, 11.2 Capital, Anglo American, Hitachi Ventures and 4 others
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Thea Energy raises $20M Series A for pixel-inspired fusion power plantsStartupNews•Feb 08, 2024•Thea Energy, TechCrunch+, Prelude Ventures, 11.2 Capital and 6 others
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Kolena Secures Series A Investment Led by Lobby Capital, Bringing AI Testing Startup's Total Funding to $21MPR Newswire•Sep 26, 2023•Kolena, Lobby Capital, SignalFire, Bloomberg Beta and 4 others
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Noetik Raises $14 Million Seed Financing to Revolutionize Cancer Immunotherapy Using Artificial IntelligenceBusiness Wire•Sep 07, 2023•Noetik, DCVC, Zetta Venture Partners, 11.2 Capital and 5 others
