BASE10 PARTNERS MANAGEMENT LLC

Thesis

The firm's investment thesis centers on the "automation of the real economy," targeting traditional sectors that are less automated than digital and consumer tech. They invest in founders addressing significant operational challenges for small and medium-sized businesses and enterprises. Base10 primarily focuses on Seed and Series A stages, with occasional Pre-Seed investments in exceptional technical founders. Their typical check size ranges from $100,000 to $5 million, with sweet spots of $2 million to $8 million for Seed rounds and $5 million to $15 million for Series A rounds. The firm often leads investment rounds. Geographically, they invest mainly in North America, with a focus on the United States and also in Latin America. Key sectors include Food Automation, Logistics & Supply Chain Automation, Security & Compliance Automation, HR Automation, Construction Automation, Healthcare Automation, Fintech Automation, Retail Automation, Operations Automation, Business-in-a-Box/Function-in-a-Box solutions, Sales & Customer Support Automation, Engineering Workflow Automation, Consumer Retail Automation, and E-commerce Automation. Base10 emphasizes companies with strong unit economics and founders with operational experience. As of March 2024, the firm has $1.8 billion under management and was investing out of a $460 million growth fund. A notable aspect of Base10 is its "Advancement Initiative," donating 50% of carried interest from select funds to create scholarships for underrepresented students, particularly at HBCUs, reflecting a commitment to social impact and diversity.

Related lists

• Pre-seed investors based in San Francisco, CA
• Seed investors based in San Francisco, CA
• Series A investors based in San Francisco, CA