Basis Set Ventures
PE / VC
2021
$300 M
Los Angeles, California, United States
Profile
Basis Set Ventures is an AI-native venture capital firm based in Menlo Park, California, founded by Dr. Lan Xuezhao. The firm is built on a modern machine learning stack and includes a team of partners such as Pascal, Rachel Wong, Chang Xu, Jennifer Lee, and Wilson Kyi. They differentiate themselves by being deeply integrated into the AI ecosystem, acting as the first customer, sales rep, and more for their portfolio companies.
The firm invests in early-stage startups focusing on artificial intelligence, SaaS, data, consumer, and developer tools. They typically write checks in the range of $2-3 million and invest in pre-seed, seed, and Series A stages. Basis Set Ventures has a global investment reach, including the USA, Canada, and the Asia-Pacific region. Their funds include Basis Set Ventures Fund III with $185 million and a recently announced $250 million Fund IV.
Notable investments by Basis Set Ventures include Parasail - democratization of AI inference, Basata - healthcare admin defense, and Daydream - growth-as-a-service. They also have investments in companies like Neion and Reflow, showcasing their commitment to advancing AI and related technologies.
Industry
Basis Set Ventures Funds
| Name | Type |
|
|
|
Size | AUM | Launch date |
|---|---|---|---|---|---|---|---|
|
Basis Set Ventures Fund III
|
Venture Capital (VC)
|
AI
|
Pre-seed
Seed
Series A
|
North America
|
$5-10 m
|
$185 M
|
December 2023
|
|
Basis Set Ventures Fund IV
|
Private Equity (PE)
Venture Capital (VC)
|
Automotive
Education
Edtech
Fashion/Beauty
Financial Services
Fintech
Food and Beverage
Foodtech
Gaming
Marketing and Advertising
Media and Entertainment
Other
Real Estate
Robotics
Security
Software
Telecommunications
Transportation
AI
Technology
LegalTech
AdTech
Machine Learning (ML)
|
Seed
|
North America
|
$5-10 m
|
$250 M
|
August 2026
|
