About
Capital Eleven is a Meridian-based investment firm founded in 2009 that operates across three complementary business lines: early-stage venture capital, private equity, and real estate development. The firm began its seed-stage venture investing in January 2019 following a deep conviction in the Boise technology ecosystem and a desire to support founders building companies in the region. At the seed stage, Capital Eleven typically writes first checks between $100,000 and $1 million, with follow-on investments scaling to approximately $2 million total per company. The firm has made 9 seed-stage investments with an average round size of $3.05 million and 7 Series A investments averaging $6.46 million. Capital Eleven's investment thesis centers on building great companies, strong leaders, and superior outcomes through high-trust relationships and relentless innovation. The portfolio spans over 50 companies, predominantly Boise-based startups, with focus areas including emerging software companies, retail growth opportunities, and real estate development. Beyond venture capital, Capital Eleven partners with operators on business acquisitions and provides M&A advisory services, reflecting a hands-on approach to value creation. The firm's leadership includes Managing Partner Travis B. Hawkes and team members across investment and operations functions. Geographic focus remains primarily Idaho and the surrounding region, though the firm explicitly operates with ambitions to build companies and economic impact beyond state borders. Capital Eleven positions itself as nontraditional in its venture approach, combining operator expertise with investor capital to support portfolio companies through growth stages.