At a Glance
Base10 Partners was founded in 2017 by Adeyemi Ajao and TJ Nahigian with the mission of becoming the world's largest Black-led venture capital firm focused on real economy companies. The firm invests in companies that automate and improve traditional industries like logistics, manufacturing, financial services, and healthcare. Base10 takes a distinctive approach by combining venture capital with a commitment to diversity and inclusion, actively seeking to fund underrepresented founders while maintaining rigorous investment standards. The firm has gained recognition for its successful investments in companies like Discord, Patreon, and Faire, demonstrating that diverse investment approaches can yield strong returns. Base10's investment thesis centers on the belief that the digitization of traditional industries presents massive opportunities, and that diverse founding teams are better positioned to identify and capitalize on these market gaps. The firm typically leads or co-leads seed and Series A rounds, writing checks ranging from $1M to $10M.
“Invests in companies automating the real economy and advancing underrepresented founders.”
| Fund | Vintage | Size | Status |
|---|---|---|---|
| Base10 Partners Fund II | 2021 | $250M | Investing |
| Base10 Partners Advancement Initiative | 2020 | $50M | Investing |
| Base10 Partners Fund I | 2018 | $137M | Harvesting |
2023
Homebase
$71M2022
Workrise
Series C$300MRoofstock
$240M2021
Glia
Series CPipe
Series A$50M2020
Paymi
Series ACurative
Series A$13M2019
Fair
Series CBase10 Partners primarily invests at the Seed, Series A, Series B+ stages. This means they focus on companies that are building their initial product and finding product-market fit.
Base10 Partners is headquartered in San Francisco, CA. Many of their portfolio companies are also based in this region, though they invest across geographies.
Base10 Partners focuses on investments in Enterprise, AI, Fintech, Consumer. Their portfolio reflects deep expertise and networks within these sectors.
Base10 Partners's typical investment check size ranges from $1M to $25M. Actual amounts may vary based on the stage, sector, and specific opportunity.
Base10 Partners manages approximately $1B+ in assets under management (AUM) across their funds.