11-11 VENTURES - Key Persons

Arul Murugan - CEO, Founder

Job Titles:
  • CEO
  • Founder
  • Member of the Venture Capital Team
  • CEO of 11 - 11 Ventures Moderates the Blockchain Panel at TiECon Atlanta 2018
Arul is an entrepreneur turned venture capitalist. He is the founder and CEO of 11-11 Ventures, LLC. Arul serves on the board of directors of TiE Atlanta and several early stage technology companies. He is also a member of the Grow committee of Tech Alpharetta (which is the technology hub of the South where 11-11 Ventures is headquartered.) Prior to founding 11-11 Ventures, Arul founded Enrich (a global leader in Oracle Procurement SaaS) in 2003 and grew it to a global company across North America, Europe and Asia, before his exit in early 2016. Enrich is now a Data Intensity company, owned by a private equity firm. Arul had his second exit in 2017 to a large global private equity firm called EQT, based out of Sweden. During his tenure with Enrich, Arul acquired two UK-based companies and setup global development centers across three cities in India. He was recognized as "Entrepreneur of the Year" by B2B magazine, FETNA and E&Y. Under Arul's leadership, Enrich was recognized as Inc. 500/5000 company five years consecutively (Top 5 in IT), Deloitte Technology Fast 50 company and a pacesetter company from Atlanta Business Chronicle. Arul's key strengths are business model innovation, applying the right technology to solve business problems, backed up by his finance acumen in managing a company or an investment portfolio. He is passionate about managing and growing investments across private and public companies. He started investing when he was 21 years old and enjoys managing most of his net worth assets by himself. Arul received his Bachelors in Mechanical Engineering from Madurai Kamaraj University, India, and is also a CPIM from APICS. Arul lives in Johns Creek (Atlanta, GA) with his lovely wife Kavitha Palani (co-founder of Enrich and 11-11 Ventures) and two wonderful kids. He loves skiing, mountain biking, meditation and water sports. Join Arul Murugan, CEO of 11-11 Ventures on September 28th at TiECon Atlanta 2018 as he moderates the Blockchain panel and a few of the panelists are CEO's of our portfolio companies in Blockchain.

Kavitha Palani - Founder

Job Titles:
  • Co - Founder
  • Member of the Venture Capital Team
  • Partner
Kavitha is a co-founder and partner in 11-11 Ventures LLC. Kavitha takes care of legal, tax compliance, treasury, risk management and overall administration within 11-11 Ventures. Prior to 11-11 Ventures, she was a co-founder and Managing Director of Enrich LLC (Global leader in Oracle Procurement SaaS). She ran Enrich operations and grew it to a global company across North America, Europe and Asia before her exit in early 2016. Enrich is now a Data Intensity Company owned by a private equity firm. Kavitha is actively involved in the community, currently serving as Founder and President of Arul & Kavitha Foundation, a non-profit organization providing high quality education and mentoring for under privileged children in India, Africa (Tanzania) and Georgia (USA.) Kavitha's key strengths are collaboration, delegation, decisiveness, and intuition. She also handles pressure with ease and is a great multi-tasker. Kavitha lives in the Johns Creek suburb of Atlanta, GA, with her loving husband, Arul Murugan (Founder of Enrich and 11-11 Ventures) and two wonderful kids. She loves dancing to Bollywood Music, working out, shopping and traveling.

Paul Lopez - Founder

Job Titles:
  • Co - Founder
  • Member of the Venture Capital Team
  • Partner
Paul is a partner in 11-11 Ventures LLC. He runs the GAIN (Greater Atlanta Investor Network) program and is a member of the investment committee of the venture fund. In addition, Dr. Lopez is the President-Elect of TiE Atlanta. TiE is the largest non-profit global organization focused on entrepreneurs with over 13,000 members at every stage of business in 61 chapters across 21 countries, of which Atlanta is ranked as a "Top 5" chapter in the worldwide network. As an entrepreneur, he was a Co-Founder and Managing Principal of Element Funding, a residential mortgage lender with branches across Georgia, Florida and North Carolina that has served over 23,000 families with over $5 billion in mortgage financing from 2007 till his exit in spring 2017. In his prior corporate career, Paul worked for eight years as Executive Vice President of Business Development & Sales at HomeBanc Mortgage Corporation, a regional mortgage bank. Prior to working in the financial services industry, he was employed in high tech for 20 years at IBM, Xerox and Moore/R.R. Donnelly in field and headquarters positions, and has been a faculty member at the business schools of Kennesaw State University and California State University, teaching in their Executive MBA and BBA programs respectively. He has also lectured in Europe and Asia in the area of leadership. He holds a doctorate in business administration from Louisiana Tech University, an MBA from the Queen's University of Belfast, Northern Ireland, and a Bachelor of Commerce from the University of Calcutta, India. Paul is highly involved in the community, currently serving on the board of Action Ministries, which administers to the poor across north Georgia through housing, food, clothing and education programs. In addition, Dr. Lopez co-chairs the TiE-Atlanta chapter's Entrepreneurship Competition for universities throughout Georgia. He is also the co-founder of TiE Atlanta Angels which invests in early stage companies. Paul and his wife, Margie, reside in the East Cobb suburb of Atlanta, GA, and is blessed to be living the American Dream as a first-generation immigrant, having arrived in the US in 1974 to attend graduate business school. He has two grown children and five grandkids, all living in metro Atlanta. His hobbies are attending live theatre and international travel.