Base10 Advancement Initiative
Overview
The Base10 Advancement Initiative is a venture capital fund established by Base10 Partners, focusing on early-stage technology companies that aim to enhance economic mobility and wealth creation in underserved communities. The fund is committed to aligning the success of these companies with the advancement of underrepresented minorities, particularly through support for Historically Black Colleges and Universities (HBCUs). In 2021, the Advancement Initiative raised a $250 million fund, investing in leading pre-IPO startups and donating 50% of the fund's carried interest directly to HBCUs. This initiative underscores Base10's dedication to diversity and inclusion within the tech industry. Notable investments include Attentive, Nubank, Brex, Plaid, Aurora Solar, Wealthsimple, CircleCI, and KeepTruckin. The fund's strategy emphasizes automation technologies that benefit the broader population, allocating a significant portion of profits from major investments to support underfunded colleges and foster the next generation of technology founders. This approach reflects Base10's mission to use venture capital as a tool for social impact, bridging the gap between economic opportunity and underserved communities.
Investment Focus
- Focus on technology companies
- Commitment to advancing economic mobility
- Alignment with HBCU support initiatives
Portfolio Companies
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Unlock full contacts →Frequently asked questions about Base10 Advancement Initiative
What sectors does Base10 Advancement Initiative invest in?
Base10 Advancement Initiative invests in Financial Services, Technology and Education, and is based in California, United States. Base10 Advancement Initiative is listed as a venture capital in the ConnectSafely investor database.
What stage does Base10 Advancement Initiative invest at?
Base10 Advancement Initiative backs companies at Early Stage and Growth, writing cheques of 500K - 5M.
Which regions does Base10 Advancement Initiative invest in?
Base10 Advancement Initiative invests across United States.
What companies has Base10 Advancement Initiative invested in?
Base10 Advancement Initiative's portfolio includes Nubank, Plaid, Brex, Wealthsimple, Attentive, CircleCI, KeepTruckin and Aurora Solar.
Last updated · Source: ConnectSafely investor database
