San Francisco-based venture firm Base10 Partners has successfully closed two funds totaling $850 million: a seed and Series A fund 4, and a Series B fund 2, aimed at investing in automation technologies impacting the real economy. Co-founder Adeyemi Ajao shared with Crunchbase News that their investment thesis centers on leveraging technology to extend capabilities typically reserved for the top 1% to the broader 99%. Their portfolio includes diverse companies such as Nubank, Motive, WeTravel, Happy Robot, and Blank Street, with a strong focus on sectors like logistics, payroll, and construction. They are also exploring advanced AI technologies, including vision models and manufacturing intelligence, to revolutionize real economy applications. Base10 invests primarily at seed through Series B stages, committing to 10-15 seed rounds and 2-3 Series A investments annually, alongside 3-4 Series B deals. The firm’s research-driven approach involves deep sector analysis and meeting numerous global companies, leveraging an internal AI system, Base11, to streamline research. Despite technological aids, human insight remains crucial in their investment decisions, particularly understanding founders and customer needs. Base10 also runs an Advancement Initiative, donating up to half of carried interest to support financial aid at underfunded colleges and universities.
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