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Base Partners

South America, Sao Paulo, Brazil, São Paulo

Description

Base Growth, formerly known as Base Partners, is a São Paulo-based growth equity firm established in 2018. The firm distinguishes itself by being backed by a consortium of experienced Brazilian business owners, which provides a unique blend of capital and operational expertise to its portfolio companies. Base Growth focuses on investing in high-potential companies that have demonstrated robust business models and are led by strong management teams, primarily targeting the Brazilian market.

The firm's investment strategy is sector-agnostic, encompassing a wide array of industries including technology, retail, services, health, education, logistics, agribusiness, and financial services. Base Growth typically seeks to acquire minority stakes in companies, providing growth capital alongside strategic and operational support. Their value proposition extends beyond mere financial investment, leveraging the collective experience and extensive network of their backing entrepreneurs to help portfolio companies scale, optimize operations, and navigate market challenges.

Base Growth is known for its typical first cheque sizes, which generally range from $5 million to $25 million. This range positions them to support companies that have moved beyond the early-stage startup phase but require significant capital infusion to accelerate their expansion and market penetration. As of early 2024, the firm has made over 10 investments, demonstrating a consistent commitment to fostering growth across diverse sectors within Brazil. Their approach emphasizes long-term partnerships, aiming to contribute actively to the strategic development and success of their portfolio companies.

Investor Profile

Base Partners has backed more than 39 startups, with 0 new investments in the last 12 months alone. The firm has led 3 rounds, about 8% of its total and boasts 6 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Series A, Series C, Series E rounds (top funding stages).
  • Majority of deals are located in United States, Brazil, India.
  • Strong thematic focus on Software, Financial Services, FinTech.
  • Typical check size: $5M – $25M.

Stage Focus

  • Series A (23%)
  • Series C (18%)
  • Series E (15%)
  • Series B (10%)
  • Series F (8%)
  • Series D (8%)
  • Seed (8%)
  • Series Unknown (5%)
  • Series G (5%)

Country Focus

  • United States (49%)
  • Brazil (13%)
  • India (10%)
  • Turkey (8%)
  • Colombia (5%)
  • United Kingdom (5%)
  • Israel (3%)
  • Mexico (3%)
  • China (3%)
  • Singapore (3%)

Industry Focus

  • Software
  • Financial Services
  • Fintech
  • Gaming
  • Enterprise Software
  • E-commerce
  • Esports
  • Ios
  • Sports
  • Human Resources
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does Base Partners frequently co-invest with?

Argor Capital
Asia, Central Region, Singapore, Singapore
Co-Investments: 4
Sequoia Capital
North America, California, United States, Menlo Park
Co-Investments: 7
RTP Global
Europe, England, United Kingdom, London
Co-Investments: 5
General Catalyst
North America, Massachusetts, United States, Cambridge
Co-Investments: 4
Index Ventures
North America, California, United States, San Francisco
Co-Investments: 4
Peak XV Partners
Asia, Karnataka, India, Bengaluru
Co-Investments: 4
Accel
North America, California, United States, Palo Alto
Co-Investments: 5
Andreessen Horowitz
North America, California, United States, Menlo Park
Co-Investments: 5
Tiger Global Management
North America, New York, United States, New York
Co-Investments: 8
Lightspeed Venture Partners
North America, California, United States, Menlo Park
Co-Investments: 5

Which angels does Base Partners often collaborate with?

ZW
North America, New York, United States, New York
Shared Deals: 1
SB
North America, California, United States
Shared Deals: 1
JC
North America, California, United States, San Francisco
Shared Deals: 1
LG
North America, California, United States, San Francisco
Shared Deals: 1
AL
North America, California, United States
Shared Deals: 1
KH
North America, California, United States, San Francisco
Shared Deals: 1
DM
North America, California, United States, San Francisco
Shared Deals: 1
JH
North America, California, United States, San Francisco
Shared Deals: 1
BH
North America, California, United States, Palo Alto
Shared Deals: 1
EG
North America, California, United States, San Francisco
Shared Deals: 2

What are some of recent deals done by Base Partners?

Praso

São Paulo, Sao Paulo, Brazil

Praso is a business-to-business platform that connects the industry with restaurants, bars, bakeries, and cafes.

B2BE-CommerceRetail
Series AAug 30, 2023
Amount Raised: $9,500,000
Pledge

London, England, United Kingdom

Pledge empowers logistics and supply chain leaders to reach their sustainability goals through its accredited and integrated software.

Information TechnologyLogisticsSoftware
Series AMay 16, 2023
Amount Raised: $9,987,690
Foodology

Bogotá, Distrito Especial, Colombia

Foodology is a cloud kitchen and virtual restaurant company that specializes in creating brands from scratch and scaling them.

Food and BeverageFood DeliveryRestaurants
Series BOct 10, 2022
Amount Raised: $20,000,000
Mottu

São Paulo, Sao Paulo, Brazil

Mottu is a motorcycle rental startup that enables gig workers to work for logistic and food delivery apps.

AutomotiveBig DataCar SharingInformation TechnologyLast Mile TransportationRentalTransportation
Series BJun 30, 2022
Amount Raised: $30,000,000
Remote

San Francisco, California, United States

Remote offers payroll, tax, HR, and compliance solutions for distributed teams.

ComplianceConsultingHuman ResourcesRecruitingSoftware
Series CApr 5, 2022
Amount Raised: $300,000,000
Tipalti

Foster City, California, United States

Tipalti is a global payables automation platform that provides a cloud solution to scale and automate global payables operations.

AccountingFinancial ServicesFinTechPaymentsSoftware
Series FDec 8, 2021
Amount Raised: $270,000,000
Tuvis

Tel Aviv, Tel Aviv, Israel

Enterprise SaaS B2B Israeli company focused on 1:1 secure & compliant instant-messaging communication.

Enterprise SoftwareMessagingSaaS
SeedNov 23, 2021
Amount Raised: $11,000,000
Foodology

Bogotá, Distrito Especial, Colombia

Foodology is a cloud kitchen and virtual restaurant company that specializes in creating brands from scratch and scaling them.

Food and BeverageFood DeliveryRestaurants
Series AOct 22, 2021
Amount Raised: $15,000,000
Navan

Palo Alto, California, United States

Navan provides travel, expense, and corporate card management to automate manual processes and drive spend visibility.

Business TravelCustomer ServiceFinancial ServicesPaymentsSoftware
Series FOct 13, 2021
Amount Raised: $275,000,000
Karat

Seattle, Washington, United States

Karat develops an interviewing cloud platform to solve the shortage of software engineers.

Human ResourcesRecruitingStaffing Agency
Series COct 13, 2021
Amount Raised: $110,000,000