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San Francisco-based raised a $460 million fund鈥攊ts largest to date鈥攖o invest in early stage startups.聽

The new fund is the third raised by Base10, which was co-founded by and .

In 2021, the firm raised a $300 million growth fund鈥攆rom which Base10 donates 50 percent of its carry to historically black colleges and universities (HBCUs). Prior to the growth fund, Base10 raised a $250 million fund in 2020.聽

The firm invests in 25 companies per fund and heavily focuses on four key areas of investment: food, retail, logistics and global fintech.聽

The firm recently co-led a Series A investment in October 2021 with and in , a shipment logistics management platform operating in Latin America. It also co-led a Series A in January of this year alongside in San Francisco-based , which digitizes merchant data for its customers.聽

鈥淲e have the honor of working with the best founders in the world, solving problems that impact all of us at a time when we all really need it, and we wouldn鈥檛 want to be doing anything else,鈥� said Ajao.

Base10 Partners is one of few Black-founded firms in the U.S. that have raised a new fund in 2022. founded by raised its first fund of $111 million earlier this year to invest in 鈥渇ounders who solve everyday problems through unconventional thinking and diverse points of view,鈥� it said in its announcement.

Picture of Base10 Partners co-founders TJ Nahigian and Adeyemi Ajao

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