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 Ventures, LLC
Basis Set Ventures, LLC
One of 2 advisers that share basisset.com; the firm is Basis Set. Basis Set Builders, 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.
corporate parent: Lost in Translation, Inc.
Importance
22
moderate
Active deployment
11
low
Emerging
0
low
Completeness
50
elevated
Freshness
97
high
Research priority
9
low
Identity and regulatory footprint
- Headquarters
- Menlo Park, CAadviserinfo.sec.gov
- Office address
- 325 SHARON PARK DRIVE, 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
- 1 (1 venture capital funds)adviserinfo.sec.gov
- Private fund gross assets
- $577Madviserinfo.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
3 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 100%
Stage at first entry
series a 100%
Sectors
unknown 67%Other Technology 33%
lead rate 67%follow-on rate 0%new logos, 12 months 3
Funds and vehicles
2 reported
| Vehicle | Type | Vintage | Lifecycle | Reported GAV | Owners | Form D sold | Latest Form D |
|---|---|---|---|---|---|---|---|
| Basis Set Ventures I, L.P. | Fund | unknown | Unknown | $272M Mar 22, 2024 | 5 | $0 of $136M | Jun 23, 2017 |
| Basis Set Ventures IV, L.P. | Fund | unknown | Fundraising | unknown | unknown | $0 | Dec 12, 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
1 current, 0 departed
Xuezhao Lan
PartnerManager · since Dec 1, 2017
Investments on record
3 edges, 3 companies, 0 partner-attributed
| Company | Round | Role | Partner | Round size | This investor | Date | Source |
|---|---|---|---|---|---|---|---|
| Basata, Inc. | Series A · Series A | lead | unknown | $21.0M | unknown | May 8, 2026 | Fact Press release wires (Business Wire, PR Newswire, GlobeNewswire public RSS) |
| Quill Launches Sovereign Chief of AI Staff Agent and | Funding round | lead | unknown | $6.5M | unknown | Feb 25, 2026 | Fact Press release wires (Business Wire, PR Newswire, GlobeNewswire public RSS) |
| Mem0 | Series A · Series A | participant | unknown | $24.0M | unknown | Oct 28, 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
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
2 dated events
- Jan 19, 2018Basis Set Ventures, 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)
- Jan 19, 2018Basis Set Ventures I, L.P. first reported on Form ADV by Basis Set Ventures, LLC (Venture Capital Fund), GAV $136,278,456Fund first reported on Form ADVFundsFactBasis Set Ventures I, 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
37 observations from 2 sources