Base10 Partners Management LLC

Multi-stage venture firmSEC venture capital fund adviser· San Francisco, CaliforniaBASE10.VC

Investing in Automation for the Real Economy

In the firm's own words, from its website.

Reported fund assets
$1.9B
sum of its funds' Form ADV filings, last 30 months
New companies, 12 mo
5
Investment team
2
Latest vintage
2024
Contact decision makers
More
Ask DFX about thisView relationshipsFind contactsInvestments (6)Team (2)Funds
As of · the latest observation of this organization; filed figures are as of its latest Form ADV

13 additional co-investors and affiliates, 41 additional investments, funds and LPs, 21 events, 3 verified contacts (2 firm phone, 1 general firm email)

Every relationship, signal and contact on this record, with the source on each.

Includes 3 days of DFX Intelligence. Then $199/month unless canceled.

What matters now

  1. 5 companies
    new in 12 months

    5 new companies in the last 12 months. Latest round Axle Series A ($17.5M round, led) on 11 Aug 2026.

    A firm writing cheques this quarter is one a founder can pitch now.

    Factfunding announcements, Form D, the firm's portfolio pageFor Founders, co-investorsInvestments →
  2. 2 deals
    with Y Combinator

    Invests most often alongside Y Combinator (2 shared deals).

    pair last observed on record 24 Jun 2026, not a deal date · The firms it syndicates with are the likeliest to see the same deals and to fill out its rounds.

    Measuredshared rounds and portfolio companies on recordFor Founders building a round, co-investorsCo-investors →
  3. 5 of 5
    enter at seed or A

    Enters mostly at seed to Series A: 5 of 5 first entries on record.

    rounds to 11 Aug 2026 · Tells a founder whether their round is one this firm writes.

    Derived5 rounds with a stated stage, against the firm's siteFor FoundersInvestments →

People to know

View all people
  • Adeyemi Ajao
    Managing Partner, Chief Executive Officer
    Why: Managing partner: runs the firm
    No route on file yet
  • Thomas J Nahigian
    Managing Partner
    Why: Managing partner: runs the firm
    No route on file yet

Relationship network

48 connected entities6 observed rounds1 repeat counterparty3 dated rounds shown here, 2026

From financing rounds and every investor named in them, Form ADV and Form D filings, the firm's funds and team, and disclosed LP commitments in the venture capital graph. A round's amount is the size of the round, not money that moved between two investors.

Some relationships on this record are counted rather than named here. They open with the full profile.

Click any name or line for the rounds and sources behind it. Line weight is rounds together; dashed lines are inferred.

What stands out
Reading the network
  • Sponsor
  • Company
  • Capital provider
  • Fund or vehicle
  • Person

Co-investors are read from the rounds: three or more shared rounds is a strong observed relationship, two a repeat co-investor, one a single round. Funds and people are structural. Nothing is scored that a reader cannot check.

Darker lines were active in the last 24 months or are current; lighter lines are older or undated.

How am I connected?

Name your firm, a company or a person, and DFX finds the published routes to Base10 Partners Management LLC: a shared portfolio company or board, a prior employer, a co-investor, a shared LP or service provider. Every step is a filed or published record with its source; none is a guess about who knows whom.

See how you connect to Base10 Partners Management LLC

Includes 3 days of DFX Intelligence. Then $199/month unless canceled.

Investing

6 companies on record, 5 new in 12 months
Investments on record
6 companies, 2 partner-attributed
CompanyRoundRolePartnerRound sizeThis investorDateSource
AxleSeries A · Series AleadAdeyemi Ajao (confirmed)$17.5MunknownAug 11, 2026Fact Press release
CovalSeries A · Series Aparticipantunknown$28.0MunknownJun 24, 2026Fact Press release
JustAISeries A · Series Aleadunknown$17.0MunknownJun 23, 2026Fact Press release
Stated thesis versus observed behaviour
6 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%
Industries, each company once
Hardware and deep tech, Software or Tech-enabled and IT services (1)
lead rate 60%follow-on rate 0%new companies, 12 months 5

Team

2 current, 2 departed
Decision makers
who to call first, and why; then everyone else by function
  • Adeyemi Ajao · Managing Partner, Chief Executive Officer
    Why this person: Managing partner: runs the firm; Named with investment responsibility; Led 1 round on record
  • Thomas J Nahigian · Managing Partner
    Why this person: Managing partner: runs the firm; Named with investment responsibility

Ranked by the role the firm or its filing states, a route on file and deals led. Every reason is read from the record, never inferred. Routes are published by the person or the firm (their bio, the team page or a filing) and are revealed on a plan; data bought from a provider is never shown, and a route printed at a firm the person has since left is held back.

Investment team
2 current, 2 departed
2 departed (kept with end dates)
Contacts
1 general firm email, 2 firm phone

1 general firm email, 2 firm phone on record, each with its source. Values open with the complete profile.

Funds and LPs

23 vehicles, 1 LPs disclosed
Funds and vehicles
23 reported
VehicleTypeVintageLifecycleReported GAVOwnersForm D soldLatest Form D
Base10 Moego I, LPFund2024 adv first reportedEarly deployment$1.5M
Mar 31, 2026
3unknownunknown
Global Opportunity Fund I, LPOpportunity fund2023 adv first reportedActive deployment$85.5M
Mar 31, 2026
3unknownunknown
Base10 Advancement Initiative Ih I LPFund2023 adv first reportedActive deployment$30.0M
Mar 31, 2026
4unknownunknown
Limited partners
1 LPs, 2 disclosed commitments
Known LPs and allocators
21 relationships across the firm's funds, from public pensions and the allocator graph
AllocatorTypeFundAmountDateSource
California Public Employees' Retirement SystemSTATE RETIREMENT SYSTEMJomo Growth Opportunities Fund, L.P.$100M
committed
reported as of Dec 31, 2025Fact Pension disclosure
California Public Employees' Retirement SystemSTATE RETIREMENT SYSTEMBase10 Series B I, L.P.$50.0M
committed
reported as of Dec 31, 2025Fact Pension disclosure
California Public Employees' Retirement SystemSTATE RETIREMENT SYSTEMBase10 Partners III, L.P.$50.0M
committed
reported as of Dec 31, 2025Fact Pension disclosure

Relationships across DFX

16 co-investors · on 1 other DFX graph
Co-investors
16 counted from shared deals, for the whole firm
Across DFX and the capital chainon 1 other DFX graph · 41 capital paths Show
Across DFX
Across the graphs

Base10 Partners Management LLC is the same institution as 1 record in Allocators.

Allocators1

The joined record opens with the product, beside every other relationship on this page.

Checking your plan…

Capital chain

Base10 Partners Management LLC sits on 41 traced paths of capital across the graphs.

Allocator commitments to a managerAllocator to VC fund to manager to company

DFX traced 41 paths of capital through this record

Every record on each path, what it committed or lent, and as of when.

Includes 3 days of DFX Intelligence. Then $199/month unless canceled.

Derived from allocator disclosures, BDC schedules and SEC filings; confidence is the weakest hop.

Checking your plan…

Evidence and history

26 dated events, 61 observations from 3 sources
Timeline
26 dated events
  1. Mar 31, 2026
    Base10 Seed & Series a IV, L.P. first reported on Form ADV by Base10 Partners Management LLC (Venture Capital Fund)
    Fund first reported on Form ADVFundsInferenceBase10 Seed & Series a IV, L.P.Form ADV
  2. Mar 31, 2026
    Jomo Growth Opportunities Fund, L.P. first reported on Form ADV by Base10 Partners Management LLC (Venture Capital Fund), GAV $33,313,768
    Fund first reported on Form ADVFundsInferenceJomo Growth Opportunities Fund, L.P.Form ADV
  3. Mar 31, 2026
    Base10 Series B II, L.P. first reported on Form ADV by Base10 Partners Management LLC (Venture Capital Fund)
    Fund first reported on Form ADVFundsInferenceBase10 Series B II, L.P.Form ADV
  4. Mar 31, 2026
    Base10 Series B I Hr, L.P. first reported on Form ADV by Base10 Partners Management LLC (Venture Capital Fund), GAV $1,196,712
    Fund first reported on Form ADVFundsInferenceBase10 Series B I Hr, L.P.Form ADV
  5. Mar 31, 2026
    Jarred Luis Morales-Mckinzie (Chief Compliance Officer) no longer on Schedule A of Base10 Partners Management LLC
    Person leftPeopleInferenceJarred Luis Morales-MckinzieForm ADV
Identity and regulatory footprint
Address, phone, Form ADV filing and ownersForm ADV filed Mar 31, 2026 · 21 private fundsShow
Headquarters
San Francisco, CAadviserinfo.sec.gov
Office address
unknownadviserinfo.sec.gov
Business phone
unknownadviserinfo.sec.gov
Website
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, adviser total
$1.9Badviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
Classification history
Every classification this record has carried2 on recordShow
  1. Sep 23, 2026
    Multi-stage venture firm (confirmed, 95%)
    Both early and growth/opportunity families, reported GAV $1.9B
  2. Sep 12, 2026
    Multi-stage venture firm (confirmed, 95%)
    Both early and growth/opportunity families, reported GAV $1.4B
Evidence
65 observations from 3 sources
Every observation behind this profile, with its source, date and class
FactValueEffectiveClassSource
Why admittedVC exemption, VC funds reportedMar 31, 2026FactForm ADV
SEC exemption claimedVenture capital fund adviserMar 31, 2026FactForm ADV
SEC exemption claimedVenture capital fund adviserMar 27, 2024FactForm ADV
SEC adviser typeExempt reporting adviserMar 31, 2026FactForm ADV
SEC adviser typeExempt reporting adviserMar 31, 2026FactForm ADV
SEC adviser typeExempt reporting adviserMar 27, 2024FactForm ADV
First Form ADV filing2017-07-18Mar 31, 2026FactForm ADV
First Form ADV filing2017-07-18Mar 27, 2024FactForm ADV
Adv history loadedadv-hist-1+panel:2026-09-29Sep 30, 2026FactForm ADV
Adv history loadedadv-hist-1+panel:2026-09-25Sep 26, 2026FactForm ADV
Adv history loadedadv-hist-1+panel:2026-09-23Sep 24, 2026FactForm ADV
Adv history loadedadv-hist-1+panel:2026-09-21Sep 23, 2026FactForm ADV
Adv history loadedadv-hist-1+panel:2026-09-22Sep 23, 2026FactForm ADV
Adv history loadedadv-hist-1Sep 12, 2026FactForm ADV
Latest Form ADV filing2026-03-31Mar 31, 2026FactForm ADV
Latest Form ADV filing2026-03-31Mar 31, 2026FactForm ADV
Latest Form ADV filing2024-03-27Mar 27, 2024FactForm ADV
SEC statusERA - ActiveMar 31, 2026FactForm ADV
SEC status effective2017-07-18Mar 31, 2026FactForm ADV
Venture share of reported funds1Mar 31, 2026FactForm ADV
Venture share of reported funds1Mar 27, 2024FactForm ADV
Business phoneMar 31, 2026FactForm ADV
Business phoneMar 27, 2024FactForm ADV
DescriptionOct 1, 2026Factno URL
DescriptionSep 16, 2026Factno URL
DescriptionSep 13, 2026Factno URL
HeadquartersSan Francisco, CAMar 31, 2026FactForm ADV
HeadquartersSan Francisco, CAMar 27, 2024FactForm ADV
Office addressMar 31, 2026FactForm ADV
Office addressMar 27, 2024FactForm ADV
Legal formLimited Liability CompanyMar 31, 2026FactForm ADV
Legal formLimited Liability CompanyMar 27, 2024FactForm ADV
Portfolio pageOct 1, 2026Factno URL
Portfolio pageSep 16, 2026Factno URL
Portfolio pageSep 13, 2026Factno URL
Private funds reported21Mar 31, 2026FactForm ADV
Private funds reported21Mar 31, 2026FactForm ADV
Private funds reported17Mar 27, 2024FactForm ADV
Private fund gross assets (reported)$1.9BMar 31, 2026FactForm ADV
Private fund gross assets (reported)$1.9BMar 31, 2026FactForm ADV
Private fund gross assets (reported)$1.4BMar 27, 2024FactForm ADV
Schedule a diffsadiff-1Mar 31, 2026FactForm ADV
Team pageOct 1, 2026Factno URL
Team pageSep 16, 2026Factno URL
Team pageSep 13, 2026Factno URL
Venture funds reported21Mar 31, 2026FactForm ADV
Venture funds reported21Mar 31, 2026FactForm ADV
Venture funds reported17Mar 27, 2024FactForm ADV
WebsiteMar 31, 2026FactForm ADV
WebsiteMar 27, 2024FactForm ADV
Site titleOct 1, 2026Factno URL
Site titleSep 16, 2026Factno URL
Site titleSep 13, 2026Factno URL
How this is scored
Scores, classification basis and filing advisersMulti-stage venture firm, confirmedShow
Importance
55
elevated
Active deployment
44
elevated
Emerging
0
low
Freshness
100
high
Multi-stage venture firmSEC exempt reporting adviser

Both early and growth/opportunity families, reported GAV $1.9B

The inputs behind each score
importance
gav: $1 · funds: 1 · people: 0.2 · investments: 0.29 · co investors: 0.49
active deployment
investments 12m: 0.63 · fund raising 18m: 0 · people joined 12m: 0 · vintage within 3y: 1 · latest investment at: 2026-08-11
emerging manager
fund count: 24 · reported gav: $1.9B · first adv filing: 2017-07-18 · years since first filing: 9.2

Fits, record history and connections

scored matches for this investor, every identity change, every edge

Fits

2 scored matches, best firstas of
  • score 41.6confidence 90%
    Why: stage fit; activity; cap table
  • score 36.6confidence 90%
    Why: stage fit; activity; cap table

Scored by DFX match engines from the record's observed portfolio, stage, geography and recent activity. A fit is a reason to look, not a mandate; the blockers say what the model could not confirm. Names and the evidence sentences show with the names on this page.

Record history

2 identity changes, 1 dated event on the change ledger, latest event first
  • Merged in
    2026-09-14
  • Merged in
    2026-09-14
  • Adviser's first ADV filing
    2017-07-18source on record

The ledger records every merge, rename and reclassification this record went through and the dated filings observed on it, so the identity on this page can be traced to the records it was built from. The ledger's own sentences name other records, so they show with the names.