Base10 Partners

Profile

Base10 Partners is a venture capital firm based in San Francisco, founded in 2018 by Adeyemi Ajao and TJ Nahigian. Ajao is a repeat founder with experience leading Tuenti and Identified, while Nahigian co-founded Jobr and held roles at Accel and Summit. The firm is one of the largest Black-led VC firms and maintains a strong focus on diversity, particularly through its Advancement Initiative benefiting HBCU endowments. The team includes managing and general partners along with specialists in data and operations, maintaining a cohesive strategy as they scale their investments.

Base10 Partners invests in companies that apply AI to large, under-digitized sectors such as logistics, healthcare, financial services, and real estate. They target seed to Series B stages, aiming to support ventures from inception through growth. The recent fund raised $850 million, increasing their total assets under management to $2.6 billion. Their limited partners include institutional entities like the Illinois Municipal Retirement Fund and CalPERS. The firm operates two parallel funds: an early-stage Fund 4 for seed and Series A, and a Series B fund, reflecting their comprehensive growth strategy.

Notable portfolio companies include Nubank, Figma, Brex, Happy Robot, and Moego. These companies exemplify Base10's focus on automation and operationally embedded businesses in the real economy. Through a combination of early-stage investment and sustainment through Series B rounds, Base10 Partners offers continuous support and strategic advancement for its portfolio companies.