Base10’s Advancement Initiative
2026-09-01base10.vc
Overview
What they do
Base10 Partners is a prominent San Francisco-based venture capital firm and the first Black-led VC firm to cross $1 billion in Assets Under Management (AUM). The Advancement Initiative is their flagship growth-stage strategy, designed to align the massive wealth creation of Silicon Valley with underrepresented communities. The fund allows HBCUs to invest directly as Limited Partners without traditional minimums, while the General Partners donate 50% of their carried interest to fund student scholarships and university endowments. By investing in market-leading companies automating the "Real Economy," the initiative proves that authentic social impact and top-tier financial returns can successfully coexist.
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What they look for
Base10’s core thesis is "Automation of the Real Economy." They believe that the largest sectors of the economy-such as food, logistics, retail, operations, finance, healthcare, and construction-are vastly under-automated compared to the tech sector. The Advancement Initiative specifically targets growth-stage companies executing this thesis that are solving problems for the "99%."
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Stage
Series B+
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Sectors
SaaS, Mobility and logistics, Healthcare, Fintech, Cybersecurity, Proptech, AI
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Based
San Francisco, US
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Sources
2026-09-01base10.vcWe invest in companies that are creating a positive impact for the largest sectors of the real…
Portfolio, cheque size and the rest
The 17 companies they have backed that we can see, the cheque they write, and whether they are deploying right now.
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