Base Case Capital

General contacts

Investor type

Founded

2023

AUM

Location

San Francisco, California, United States

Investment Ticket

$1-5 m

Investment Stage

Seed Series A Series B

Region of investment

North America Europe

Investor profile last updated: 21 July, 2026

Profile

Base Case Capital is an early-stage venture capital firm based in San Francisco, California, founded in 2023 by Alana Goyal, a former product manager at Blend. The firm is unique in its approach, often writing the first check to founders who are still in the ideation phase, and it prides itself on being an active user and early customer of the products it invests in. Base Case Capital is known for its unconventional methods, such as not holding pitch meetings and focusing on underdog founders.

The firm invests primarily in sectors like enterprise software, AI, SaaS, and fintech, with check sizes ranging from $100K to $5M. It targets early-stage investments, particularly in the Seed and Series A stages, and focuses on the US market. Base Case Capital manages the Base Case Capital Venture Fund I, which closed in 2022, although specific AUM details are not disclosed.

Notable investments by Base Case Capital include companies like Vercel - a platform for frontend developers, Supabase - an open-source Firebase alternative, and Astral - acquired by OpenAI. The firm has also invested in companies like Diagram, acquired by Figma, and Orb, acquired by Adyen.

Industry

Developer Tools AI SaaS HRTech Software Fintech

Base Case Capital Funds

Name	Type	Industry	Stage	Region	Size	AUM	Launch date
Base Case Capital Venture Fund I	Venture Capital (VC)	Fintech Software HRTech	Seed Series A Series B	North America Europe	$1-5 m	—	January 2022

Contacts

Name

Title

Social Networks

Alana Goyal Founder & Managing Partner

Founder & Managing Partner

a•••@•••

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Investment-team contacts for Base Case Capital — including verified work emails and LinkedIn profiles — are available to Private Equity List subscribers.
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Contacts sourced from the firm's website and LinkedIn, re-verified on a rolling cycle. Spot a stale contact, or none at all? Report it — we re-run that firm within 48h and get back to you.

FAQs about Base Case Capital

Is Base Case Capital a venture capital or private equity firm?

Base Case Capital is a venture capital firm. It backs companies at Seed, Series A and Series B, writing tickets of $1-5 m.

Where is Base Case Capital located?

Base Case Capital is located in San Francisco, California, United States.

When was Base Case Capital founded?

Base Case Capital was founded in 2023.

What sectors and industries does Base Case Capital invest in?

Base Case Capital invests in companies and startups in Developer Tools, AI, SaaS, HRTech, Software, Fintech.

What is Base Case Capital geographical focus of investments?

Base Case Capital invests in companies and startups in North America, Europe.

At what stages of companies and startups does Base Case Capital typically invest in?

Base Case Capital invests in companies and startups at Seed, Series A, Series B.

What is the usual amount of Base Case Capital investment?

Base Case Capital usually invests $1-5 m on average.

What are the contacts of Base Case Capital?

Base Case Capital can be reached through its website basecase.vc, its LinkedIn page and its X account. Its general enquiries address is [email protected]. Cold-mailing a general inbox rarely reaches a partner, so Private Equity List also lists the investment-team contacts for Base Case Capital — names, roles, verified work emails and LinkedIn profiles — available on a Pro plan from $129/month (see pricing). Contacts are sourced from the firm's website and LinkedIn and re-verified on a rolling cycle. Spot a stale contact, or none at all? Report it — we re-run that firm within 48h and get back to you.

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Yes. Every field on this page — profile, funds, investment criteria, portfolio and investment-team contacts — is available programmatically through the Private Equity List REST API and MCP server, so AI assistants such as Claude and ChatGPT can query Base Case Capital directly instead of scraping this page. One subscription covers both the web app and machine access — see API & MCP.

When was the Base Case Capital profile last updated?

Private Equity List re-verifies investor profiles on a rolling cycle, pulling from the firm's own website and LinkedIn rather than a one-off import. This profile was last updated on 21 July, 2026. Something out of date here? Report it — we re-run that firm within 48h and get back to you.