DFX Intelligence
Venture Capital Intelligence
Firms, funds, partners, companies and rounds from sworn filings, firm sites and announcements, kept as a graph with a date and a source on every edge. Facts, inferences and estimates are labelled as such. A fund target is never a close, GAV is never dry powder, and a round size is never an investor’s check.
Firms / Basis Set Builders, LLC
Basis Set Builders, LLC
Corporate ventureMenlo Park, CAbasisset.comSEC venture capital fund adviserone firm, 2 filing advisers
This firm files as 2 advisers on basisset.com: Basis Set Ventures, LLC. Each keeps its own CRD, funds and filings; the grouping is the website each swore to on Form ADV and is recomputed every pass.
Basis Set Ventures invests in early-stage startups that are harnessing the opportunities for artificial intelligence to enable people to perform more productively. We believe artificial intelligence (AI) delivers core value to businesses by improving the current business workflow and uncovering new opportunities.
corporate parent: Lost in Translation, Inc.
Importance
26
moderate
Active deployment
25
moderate
Emerging
0
low
Completeness
69
high
Freshness
100
high
Research priority
10
low
Identity and regulatory footprint
- Headquarters
- Menlo Park, CAadviserinfo.sec.gov
- Office address
- 325 SHARON PARK DR, STE 603, Menlo Park, CA, 94025adviserinfo.sec.gov
- Business phone
- (253) 221-8239adviserinfo.sec.gov
- Website
- https://www.basisset.com
- SEC adviser type
- exempt reporting adviseradviserinfo.sec.gov
- SEC exemption claimed
- venture capital fund adviseradviserinfo.sec.govItem 2.B(1): advises solely venture capital funds
- Latest Form ADV
- Mar 23, 2026
- Private funds reported
- 7 (7 venture capital funds)adviserinfo.sec.gov
- Private fund gross assets
- $1.0Badviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
- Owners on Schedule A
- Lost in Translation, Inc. (Member), E
- business phone
- (650) 265-1193?adviserinfo.sec.govpublished by the subject
- business phone
- (253) 221-8239adviserinfo.sec.govpublished by the subject
Stated thesis versus observed behaviour
no observed deals yet
Stated (the firm’s website)
- Sectors
- ai, enterprise software, fintech, healthcare, consumer, marketplaces, hardware, robotics, defense, devtools, cybersecurity, logistics
- Stages
- seed, series a, early
- Geography
- global, globally
- Check size
- not stated; DFX does not estimate checks from round sizes
- Self-described
- venture capital
Observed (from deals on record)
Stage at participation: no observed deals yet
Stage at first entry: no observed deals yet
Sectors: no observed deals yet
lead rate n/afollow-on rate n/anew logos, 12 months 0
Funds and vehicles
3 reported
| Vehicle | Type | Vintage | Lifecycle | Reported GAV | Owners | Form D sold | Latest Form D |
|---|---|---|---|---|---|---|---|
| Basis Set Ventures III, L.P. | Fund | 2024 adv first reported | Early deployment | $187M Mar 22, 2024 | 39 | $0 of $185M | Mar 16, 2023 |
| Builders Co-Invest, LP | SPV or co-invest vehicle | 2022 adv first reported | Active deployment | $42.0M Mar 22, 2024 | 2 | $0 | Oct 19, 2021 |
| Basis Set Ventures II, L.P. | Fund | unknown | Unknown | $165M Mar 22, 2024 | 48 | $0 of $150M | Dec 11, 2020 |
GAV is the gross asset value the adviser reported on Form ADV for the vehicle, never the fund’s committed size and never dry powder. Form D sold is the amount sold as of the latest filing, never a final close.
Investment team
17 current, 0 departed
Ding Zhou
Board or advisoryTechnical Advisor
Eduardo Fonseca
Board or advisoryTechnical Advisor
Ian Wong
Board or advisoryTechnical Advisor
Luke Kim
Board or advisoryTechnical Advisor
Xuezhao Lan
Founder or executivePresident · since Dec 1, 2017
Lan Xuezhao
PartnerFounder & Partner
Rachel Wong
PartnerCTO & Partner
Wilson Kyi
PartnerPartner
Ingrid Chen
Platform and operationsController & Partner
Jennifer Lee
Platform and operationsGeneral Counsel & Partner
Kurt Varner
Platform and operationsDesign Advisor
Lisa Chen
Platform and operationsOperations Manager
Catherine Stewart
Venture partnerVenture Partner
Jb Michel
Venture partnerVenture Partner
John Mannes
Venture partnerVenture Partner
Sebastien Boyer
Venture partnerVenture Partner
Sheila Vashee
Venture partnerVenture Partner
Investments on record
0 edges, 0 companies, 0 partner-attributed
No investment on record yet. Edges arrive from the firm’s portfolio page, financing announcements, and Form D board seats.
Co-investors
12 relationships from shared deals, counted for the whole firm
PHX Ventures 1 shared · one time · we led 1Zenda Capital 1 shared · one time · we led 1Cowboy Capital, LLC 1 shared · one time · we led 1Naval Ravikant 1 shared · one time · we led 1Morado Ventures, LLC 1 shared · one time · we led 1Naval Ravikant 1 shared · one time · we led 1GitHub Fund 1 shared · one timeCarte Verte Management LLC 1 shared · one time · they led 1Y Combinator 1 shared · one timeSupabase 1 shared · one timePostHog 1 shared · one timePeak XV Partners 1 shared · one time
Limited partners
0 disclosed
No LP commitment on record. An LP edge needs a public disclosure with a quote: a pension report (see Limited partners for the plans read), a fund announcement naming the LP, or a Form ADV owner. The fund page carries the LP’s reported performance.
Timeline
4 dated events
- Mar 22, 2024Basis Set Ventures III, L.P. first reported on Form ADV by Basis Set Builders, LLC (Venture Capital Fund), GAV $187,341,772Fund first reported on Form ADVFundsFactBasis Set Ventures III, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 31, 2022Builders Co-Invest, LP first reported on Form ADV by Basis Set Builders, LLC (Venture Capital Fund), GAV $9,971,178Fund first reported on Form ADVFundsFactBuilders Co-Invest, LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- May 13, 2021Basis Set Builders, LLC first filed Form ADV (ERA, venture capital fund adviser exemption)First SEC adviser filingOrganizationFactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- May 13, 2021Basis Set Ventures II, L.P. first reported on Form ADV by Basis Set Builders, LLC (Venture Capital Fund), GAV $167,088,608Fund first reported on Form ADVFundsFactBasis Set Ventures II, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Classification history
- Sep 12, 2026Corporate venture (confirmed, 95%, cls-1)corporate parent: Lost in Translation, Inc.
Evidence
47 observations from 3 sources