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Base10 Joins forces with Closes 2 Funds Totaling $850 million To Invest In Real Economy Automation
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San Francisco-based Base10 Partners has raised two funds totaling $850 million: a seed and Series A fund 4, and a Series B fund 2 to invest in automation for the real economy.
Key facts
- San Francisco-based Base10 Partners has raised two funds totaling $850 million: a seed and Series A fund 4, and a Series B fund 2 to invest in automation for the real economy
- Crunchbase News spoke with co-founder Adeyemi Ajao, who describes the firm’s thesis as using technology to bring capabilities traditionally available to the top 1% to the other 99%
- From the early-stage fund, Base10 plans each year to make 10 to 15 seed investments, and two to three at Series
- It spends roughly 50% of its time with companies that are not fundraising, with 90% of investments made due to its research
Summary
Crunchbase News spoke with co-founder Adeyemi Ajao, who describes the firm’s thesis as using technology to bring capabilities traditionally available to the top 1% to the other 99%. Portfolio companies that fit that thesis include LatAm neobank Nubank; fleet safety management startup Motive; WeTravel, which is a tool for travel agents; Happy Robot, which develops agents for enterprises; and coffee chain Blank Street. The firm has a strong focus on logistics, payroll, construction and other real economy sectors. It is also exploring vision models and world models, the equivalent of LLMs for visual understanding.