Base10's Advancement Initiative - aVenture Asset Manager Research
Location
San Francisco, CA, US
Founded
2021
Base10's Advancement Initiative is a San Francisco-based venture capital firm focused on investing in technology companies that drive automation in sectors such as finance, food, retail, and operations. The firm manages a $250 million fund aimed at supporting minority-led startups, with a particular emphasis on creating financial aid for HBCU students who aspire to become future tech founders. Base10 typically engages in later-stage investments, including Series D and Series F rounds.
Notable portfolio companies include Devoted Health, which has raised $1.15 billion, and Handshake, with $200 million in funding. The firm is led by key partners who emphasize an investment philosophy centered on solving real-world problems for the broader population. Unique value-add services include donating a portion of profits from major investments to fund scholarships at underfunded colleges, fostering the next generation of technology leaders.
