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 / Base10 Partners Management LLC
Base10 Partners Management LLC
Investing in Automation for the Real Economy
both early and growth/opportunity families, reported GAV $1,397M
Importance
46
elevated
Active deployment
44
elevated
Emerging
0
low
Completeness
75
high
Freshness
100
high
Research priority
17
moderate
Identity and regulatory footprint
- Headquarters
- San Francisco, CAadviserinfo.sec.gov
- Office address
- 101 MISSION STREET, SUITE 1115, San Francisco, CA, 94105adviserinfo.sec.gov
- Business phone
- 916-471-8224adviserinfo.sec.gov
- Website
- HTTP://WWW.BASE10.VC
- 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 31, 2026
- Private funds reported
- 21 (21 venture capital funds)adviserinfo.sec.gov
- Private fund gross assets
- $1.9Badviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
- business email
- partners@base10.vcbase10.vcpublished by the subject
- business phone
- 303-519-3812adviserinfo.sec.govpublished by the subject
- business phone
- 916-471-8224adviserinfo.sec.govpublished by the subject
Stated thesis versus observed behaviour
5 observed deals
Stated (the firm’s website)
- Sectors
- not stated or not yet read
- Stages
- not stated or not yet read
- Geography
- not stated
- Check size
- not stated; DFX does not estimate checks from round sizes
Observed (from deals on record)
Stage at participation
series a 80%pre seed 20%
Stage at first entry
series a 80%pre seed 20%
Sectors
unknown 80%Other Technology 20%
lead rate 60%follow-on rate 0%new logos, 12 months 5
Funds and vehicles
19 reported
| Vehicle | Type | Vintage | Lifecycle | Reported GAV | Owners | Form D sold | Latest Form D |
|---|---|---|---|---|---|---|---|
| Base10 Moego I, LP | Fund | 2024 adv first reported | Early deployment | $1.5M Mar 27, 2024 | 3 | unknown | unknown |
| Global Opportunity Fund I, LP | Opportunity fund | 2023 adv first reported | Active deployment | $108M Mar 27, 2024 | 4 | unknown | unknown |
| Base10 Advancement Initiative Ih I LP | Fund | 2023 adv first reported | Active deployment | $30.0M Mar 27, 2024 | 4 | unknown | unknown |
| Base10 Advancement Initiative Oyster I LP | Fund | 2023 adv first reported | Active deployment | $20.0M Mar 27, 2024 | 16 | unknown | unknown |
| Ondemandstaffing Investments, LLC | Fund | 2023 adv first reported | Active deployment | $10.0M Mar 27, 2024 | 4 | unknown | unknown |
| Base10 Nowports I LLC | Fund | 2023 adv first reported | Active deployment | $4.1M Mar 27, 2024 | 1 | unknown | unknown |
| Base10 Nowports II LP | Fund | 2023 adv first reported | Active deployment | $4.1M Mar 27, 2024 | 5 | unknown | unknown |
| Base10 Advancement Initiative II LP | Fund | 2022 form d first sale | Active deployment | $62.3M Mar 27, 2024 | 114 | $457M of $457M | Dec 18, 2024 |
| Base10 Wonolo Coinvest I LLC | SPV or co-invest vehicle | 2022 adv first reported | Active deployment | $14.7M Mar 27, 2024 | 2 | unknown | unknown |
| Base10 Partners Adk I LLC | Fund | 2022 adv first reported | Active deployment | $6.1M Mar 27, 2024 | 14 | unknown | unknown |
| Base10 Roadsync Coinvest I LLC | SPV or co-invest vehicle | 2022 adv first reported | Active deployment | $5.3M Mar 27, 2024 | 9 | unknown | unknown |
| Base10 Popmenu Coinvest I LLC | SPV or co-invest vehicle | 2022 adv first reported | Active deployment | $1.6M Mar 27, 2024 | 7 | unknown | unknown |
| Base10 Tpc Coinvest I LLC | SPV or co-invest vehicle | 2022 adv first reported | Active deployment | $0 Mar 27, 2024 | 9 | unknown | unknown |
| Base10 Advancement Initiative I, L.P. | Fund | 2021 form d first sale | Mature | $232M Mar 27, 2024 | 101 | $282M of $282M | Jun 17, 2021 |
| Base10 Partners III, L.P. | Fund | 2021 form d first sale | Mature | $129M Mar 27, 2024 | 129 | $450M of $450M | Feb 22, 2022 |
| Base10 Partners II, L.P. | Fund | 2019 form d first sale | Mature | $338M Mar 27, 2024 | 78 | $250M of $250M | Jan 29, 2020 |
| Urizen Early Stage Ventures II, L.P. | Fund | 2017 form d first sale | Harvest | $431M Mar 27, 2024 | 65 | $137M of $137M | Nov 9, 2018 |
| Base10 Seed & Series A IV, L.P. | Seed fund | unknown | Unknown | unknown | unknown | $0 of $450M | Feb 24, 2025 |
| Base10 Series B II, L.P. | Fund | unknown | Unknown | unknown | unknown | $0 of $450M | Feb 24, 2025 |
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
5 current, 2 departed
Adeyemi Ajao
Managing partnerManaging Partner, Chief Executive Officer · since Jun 1, 2017
Adeyemi Ajao
Managing partnerManaging Partner, Chief Executive Officer · since Jun 1, 2017
Adeyemi Ajao
Managing partnerCo-founder and Managing Partner
Thomas J Nahigian
Managing partnerManaging Partner · since Jun 1, 2017
Thomas J Nahigian
Managing partnerManaging Partner · since Jun 1, 2017
2 departed (kept with end dates)
- Andrew Joseph Lebovitz · Chief Compliance Officer · Mar 1, 2018 to Mar 31, 2023 Inference
- Jarred Luis Morales-Mckinzie · Chief Compliance Officer · Apr 1, 2022 to Mar 31, 2026 Fact
Investments on record
5 edges, 5 companies, 1 partner-attributed
| Company | Round | Role | Partner | Round size | This investor | Date | Source |
|---|---|---|---|---|---|---|---|
| Axle | Series A · Series A | lead | Adeyemi Ajao (confirmed) | $17.5M | unknown | Aug 11, 2026 | Fact Press release wires (Business Wire, PR Newswire, GlobeNewswire public RSS) |
| Coval | Series A · Series A | participant | unknown | $28.0M | unknown | Jun 24, 2026 | Fact Press release wires (Business Wire, PR Newswire, GlobeNewswire public RSS) |
| JustAI | Series A · Series A | lead | unknown | $17.0M | unknown | Jun 23, 2026 | Fact Press release wires (Business Wire, PR Newswire, GlobeNewswire public RSS) |
| Loop AI | Series A · Series A | participant | unknown | $14.0M | unknown | Feb 2, 2026 | Fact Press release wires (Business Wire, PR Newswire, GlobeNewswire public RSS) |
| InfiniteWatch Inc. | Pre-Seed · Pre-seed | lead | unknown | $4.0M | unknown | Dec 18, 2025 | Fact Press release wires (Business Wire, PR Newswire, GlobeNewswire public RSS) |
“This investor” is the amount disclosed for this investor alone; it is unknown unless a source said it. The round size is the whole round.
Co-investors
16 relationships from shared deals, counted for the whole firm
Y Combinator 2 shared · recurring · we led 1Stage 2 Capital Advisors 1 shared · one time · we led 1Norwest 1 shared · one time · they led 1Twilio Ventures 1 shared · one timePeak XV Partners 1 shared · one time · we led 1Operators Studio 1 shared · one timeConverge Capital Partners 1 shared · one timeData Tech Fund 1 shared · one timeAlumni Ventures 1 shared · one timeNyca Management LLC 1 shared · one time · they led 1Afore Capital Management, LLC 1 shared · one timeJohn Pepper 1 shared · one timeA16Z 1 shared · one time · we led 1Sequoia Capital 1 shared · one time · we led 1LifeX Ventures 1 shared · one time · we led 1Kibo Ventures Kfund 1 shared · one time · we led 1
Limited partners
2 disclosed
Timeline
22 dated events
- Mar 31, 2026Jarred Luis Morales-Mckinzie (Chief Compliance Officer) no longer on Schedule A of Base10 Partners Management LLC
- Mar 27, 2024Base10 Moego I, LP first reported on Form ADV by Base10 Partners Management LLC (Venture Capital Fund), GAV $1,500,000Fund first reported on Form ADVFundsFactBase10 Moego I, LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 31, 2023Global Opportunity Fund I, LP first reported on Form ADV by Base10 Partners Management LLC (Venture Capital Fund), GAV $107,380,856Fund first reported on Form ADVFundsFactGlobal Opportunity Fund I, LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 31, 2023Base10 Advancement Initiative Oyster I LP first reported on Form ADV by Base10 Partners Management LLC (Venture Capital Fund), GAV $20,000,014Fund first reported on Form ADVFundsFactBase10 Advancement Initiative Oyster I LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 31, 2023Ondemandstaffing Investments, LLC first reported on Form ADV by Base10 Partners Management LLC (Venture Capital Fund), GAV $10,019,950Fund first reported on Form ADVFundsFactOndemandstaffing Investments, LLCSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 31, 2023Base10 Nowports II LP first reported on Form ADV by Base10 Partners Management LLC (Venture Capital Fund), GAV $4,100,000Fund first reported on Form ADVFundsFactBase10 Nowports II LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 31, 2023Base10 Nowports I LLC first reported on Form ADV by Base10 Partners Management LLC (Venture Capital Fund), GAV $4,130,315Fund first reported on Form ADVFundsFactBase10 Nowports I LLCSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 31, 2023Base10 Advancement Initiative II LP first reported on Form ADV by Base10 Partners Management LLC (Venture Capital Fund), GAV $38,000,000Fund first reported on Form ADVFundsFactBase10 Advancement Initiative II LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 31, 2023Base10 Advancement Initiative Ih I LP first reported on Form ADV by Base10 Partners Management LLC (Venture Capital Fund), GAV $29,999,878Fund first reported on Form ADVFundsFactBase10 Advancement Initiative Ih I LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 31, 2023Andrew Joseph Lebovitz (Chief Compliance Officer) no longer on Schedule A of Base10 Partners Management LLC
- Apr 1, 2022Jarred Luis Morales-Mckinzie joined Schedule A of Base10 Partners Management LLC as Chief Compliance Officer
- Mar 31, 2022Base10 Wonolo Coinvest I LLC first reported on Form ADV by Base10 Partners Management LLC (Venture Capital Fund), GAV $14,734,274Fund first reported on Form ADVFundsFactBase10 Wonolo Coinvest I LLCSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 31, 2022Base10 Partners Adk I LLC first reported on Form ADV by Base10 Partners Management LLC (Venture Capital Fund), GAV $6,060,603Fund first reported on Form ADVFundsFactBase10 Partners Adk I LLCSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 31, 2022Base10 Popmenu Coinvest I LLC first reported on Form ADV by Base10 Partners Management LLC (Venture Capital Fund), GAV $1,550,000Fund first reported on Form ADVFundsFactBase10 Popmenu Coinvest I LLCSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 31, 2022Base10 Roadsync Coinvest I LLC first reported on Form ADV by Base10 Partners Management LLC (Venture Capital Fund), GAV $5,250,000Fund first reported on Form ADVFundsFactBase10 Roadsync Coinvest I LLCSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 31, 2022Base10 Tpc Coinvest I LLC first reported on Form ADV by Base10 Partners Management LLC (Venture Capital Fund), GAV $6,300,000Fund first reported on Form ADVFundsFactBase10 Tpc Coinvest I LLCSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 31, 2022Base10 Advancement Initiative I, L.P. first reported on Form ADV by Base10 Partners Management LLC (Venture Capital Fund), GAV $307,711,625Fund first reported on Form ADVFundsFactBase10 Advancement Initiative I, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 31, 2022Base10 Partners III, L.P. first reported on Form ADV by Base10 Partners Management LLC (Venture Capital Fund), GAV $400,000,000Fund first reported on Form ADVFundsFactBase10 Partners III, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 27, 2020Base10 Partners II, L.P. first reported on Form ADV by Base10 Partners Management LLC (Venture Capital Fund), GAV $228,000,000Fund first reported on Form ADVFundsFactBase10 Partners II, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 1, 2018Andrew Joseph Lebovitz joined Schedule A of Urizen Capital Management, LLC as Chief Compliance Officer
- Jul 18, 2017Urizen Early Stage Ventures II, L.P. first reported on Form ADV by Urizen Capital Management, LLC (Venture Capital Fund), GAV $77,000,000Fund first reported on Form ADVFundsFactUrizen Early Stage Ventures II, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Jul 18, 2017Urizen Capital Management, 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)
Classification history
- Sep 12, 2026Multi-stage venture firm (confirmed, 95%, cls-1)both early and growth/opportunity families, reported GAV $1,397M
Evidence
48 observations from 4 sources