Base10 Partners

Base10 Partners is a San Francisco-based venture capital firm established in 2018 by Adeyemi Ajao and TJ Nahigian. The firm distinguishes itself by focusing on the "real economy," investing in companies that leverage automation, artificial intelligence, and software to transform traditional industries such as logistics, manufacturing, healthcare, education, and financial services. Their investment thesis centers on identifying and backing founders who are building solutions to automate processes and improve efficiency in sectors that have historically been underserved by technological innovation.

Since its inception, Base10 Partners has demonstrated rapid growth in its capital deployment capabilities. In 2022, the firm announced the close of $1.3 billion across three new funds, significantly expanding its investment capacity. This included a $600 million early-stage fund (Fund III), a $400 million growth-stage fund, and a $300 million Advancement Fund. These new vehicles brought Base10's total assets under management to over $2.5 billion, solidifying its position as a major player in the venture capital landscape.

The firm's investment strategy typically involves providing initial capital to early-stage companies, with a focus on Series A and B rounds. For these initial investments, Base10 Partners generally writes checks ranging from $5 million to $25 million, targeting companies poised for significant scale and disruption within their chosen real economy sectors. Beyond capital, Base10 emphasizes providing strategic support and leveraging its network to help portfolio companies navigate growth challenges. Their unique Advancement Fund further underscores their commitment to social impact, allocating a portion of the firm's carried interest to Historically Black Colleges and Universities (HBCUs), aiming to create generational wealth and foster diversity within the tech ecosystem.

This approach allows Base10 to not only generate strong financial returns but also contribute to broader societal benefits by backing innovations that streamline essential services and industries. Their disciplined focus on automation in the real economy, combined with a robust capital base and a commitment to impactful investing, positions Base10 Partners as a significant and forward-thinking investor in the venture capital space.