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Base10 Partners is a San Francisco-based venture capital firm founded in 2018 by Adeyemi Ajao and TJ Nahigian. The firm focuses on the automation of the real economy, targeting sectors such as logistics, healthcare, financial services, and real estate. Base10 Partners has established itself as a significant player in the venture capital landscape, with a commitment to investing in technology companies that address challenges faced by the majority of the population.
As of now, Base10 Partners manages assets under management (AUM) that support its investment strategy, which includes a range of funds aimed at different stages of company growth. The firm has launched notable initiatives, including the Advancement Initiative, which is one of the largest HBCU endowment investment programs in venture capital. This initiative underscores their commitment to community investment and fostering the next generation of technology founders.
Base10 Partners invests in companies that are automating traditional industries, with a clear focus on sectors such as fintech, healthcare, logistics, and proptech. The firm targets investments at the Series A, Series B, and growth equity stages, with check sizes ranging from $5 million to $50 million. Their sweet spot is approximately $10 million for Series A and B investments. Base10 Partners emphasizes the importance of mission-aligned founders who are solving significant societal problems, believing that purpose is integral to profitability.
The firm is particularly interested in technology solutions that create a positive impact in the real economy. They commit to donating 50% of profits from their largest investments to fund scholarships at underfunded colleges, reinforcing their dedication to social responsibility and community support.
Base10 Partners has invested in several notable companies that exemplify their focus on automating traditional industries. The portfolio includes:
These companies reflect Base10's commitment to investing in technology that automates and enhances the efficiency of traditional sectors.
Adeyemi Ajao - Co-founder and Managing Partner. Ajao has a background in technology investments and has led notable deals in the fintech and healthcare sectors. He holds a degree from Stanford University.
TJ Nahigian - Co-founder and Managing Partner. Nahigian has extensive experience in venture capital and has been involved in various successful investments across multiple sectors. He is also a graduate of Stanford University.
To pitch Base10 Partners, founders should reach out via their website or email at purpose@base10.vc. It is essential to include a comprehensive deck that outlines the business model, market opportunity, and how the startup aligns with Base10's focus on automating traditional industries. Response times may vary, but founders can expect to hear back within a few weeks.
In 2023, Base10 Partners continued to promote its Advancement Initiative, which focuses on investing in HBCU endowments. The firm remains active in supporting mission-aligned founders and has made significant investments in companies like Figma and Notion, which are transforming their respective industries.
Base10 Partners has also been recognized for its commitment to community impact, particularly through its pledge to donate 50% of profits from major investments to scholarships for underfunded colleges. This initiative has garnered attention within the venture capital community.
What are Base10 Partners' investment criteria?
Base10 Partners focuses on technology companies that automate traditional industries such as logistics, healthcare, financial services, and real estate. They seek mission-aligned founders who address significant societal challenges.
How can I apply or pitch to Base10 Partners?
Founders can pitch to Base10 Partners by reaching out via their website or email. It is recommended to include a clear business plan and details on how the startup addresses real-economy challenges.
What makes Base10 Partners different from other venture firms?
Base10 Partners distinguishes itself by committing 50% of profits from major investments to fund scholarships at underfunded colleges, emphasizing their dedication to community impact alongside financial returns.
What is the geographic scope of Base10 Partners' investments?
The firm primarily invests in North America, focusing on companies based in the United States.
What is the typical check size for investments?
Base10 Partners invests between $5 million and $50 million, with a sweet spot around $10 million for Series A and B rounds.
What kind of post-investment involvement does Base10 Partners have?
Base10 Partners actively supports its portfolio companies through mentorship, operational support, and strategic guidance, ensuring alignment with their mission of creating a positive impact.
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