vcspine

Base10

Base10 last closed a fund in February 2025 — 21 months ago. By its own rhythm, that is past halfway to the next one.

Next fund
Oct 2027
not due yet
last close~32 mo65 mo

Base10 has raised 3 times about every 32 months. The last was Base10 Series B II, L.P. That points to Oct 2027.

Historically about 1 in 8 firms this early in their cycle filed within a year. The month is approximate — how often this is right.

Mid-cycle  This firm is far enough into its last fund to be investing, and too early to be raising again.

Funds on file
6
Capital raised
$2.31B
Latest close
February 2025
Based in
CA, non-US

Vehicles on file

VehicleFirst closeAmount Filings
Base10 Series B II, L.P.February 2025$450M offered0002049144 ↗
Base10 Seed & Series A IV, L.P.February 2025$450M offered0002049136 ↗
Base10 Series B I, L.P.July 2022$457M0001937611 ↗
Base10 Partners III, L.P.December 2021$450M0001900718 ↗
Base10 Advancement Initiative I, L.P.March 2021$282M0001843792 ↗
Base10 Partners II, L.P.October 2019$224M0001786703 ↗

Dated from filing date; no date of first sale was reported.

Each row links to that vehicle’s Form D filings on EDGAR — the name, date and amount above should match what is filed there.

Named on filings

Adeyemi Ajao, TJ Nahigian

What Base10 invests in

Typical fund
$450M median, multistage
Median of this firm’s filed fund sizes on Form D.

Service providers

Fund administrator
Carta (4 funds)
Auditor
BDO (4 funds)

From Form ADV filed by BASE10 PARTNERS MANAGEMENT LLC CRD 288914 ↗, latest filing March 2026, covering 4 funds linked to this firm by Form D file number. Form ADV is filed once a year, so a provider may have changed since. How this is matched.

What this is. Every figure on this page comes from Form D filings with the U.S. Securities and Exchange Commission — public records, reproduced here as filed. Service providers, where shown, come from the adviser’s Form ADV and are dated.

What it is not. Single-deal SPVs, feeder vehicles and GP or employee commitment funds are listed but excluded from fund counts and capital totals: an SPV is one investment, a feeder holds the same capital as its master, and a “Principals” or “Entrepreneurs” fund closes alongside a main fund rather than being raised in its own right. Capital deployed from a family office, a corporate balance sheet or an evergreen structure never arrives as a fund close, so a firm doing that looks quiet here. Amounts are as of the last amendment and go stale. Dates are the date of first sale — a fund's first close, not its final one. Funds filed as “Indefinite” are excluded from totals rather than counted as zero, so a total is a floor.

“No recent fund” is a statement about filings. It is not a statement about whether a firm is solvent, investing, or still in business.