Base Capital

Base10 Partners is a San Francisco-based venture capital firm founded in 2017 by Adeyemi Ajao and TJ Nahigian, built around the thesis that the most significant economic opportunity in technology is the automation of the Real Economy: the large, traditional sectors including food, logistics, transportation, healthcare, financial services, and retail that account for the majority of global GDP but remain dramatically under-automated compared to pure tech industries. Adeyemi Ajao brings a distinctive founder background, having co-founded Tuenti, Spain's largest social network, which Telefonica acquired for $100 million in 2010, before founding Identified, which was acquired by Workday, where he later became VP of Technology Product Strategy. The firm is the world's largest Black-led venture capital fund and operates the Advancement Initiative, through which it donates 50 percent of carried interest from select funds to create scholarships for students from underrepresented communities at Historically Black Colleges and Universities, counting Howard University, Florida A&M, Hampton University, and Tuskegee University among its LP base. Base10 closed $850 million in new capital in 2025, bringing total assets under management to $2.6 billion. The firm invests from seed through Series B. Note: the original directory lists Andela, Brex, Divvy, and Figma as portfolio companies. Divvy was acquired by Bill.com in 2021. Beyond those original investments, the broader current portfolio includes Nubank, Brex, Instacart, Notion, Figma, Motive, HappyRobot, WeTravel, and Plaid.