Black-Led VC Firm Base10 Partners Raises $850M Across Two Funds

Black-Led VC Firm Base10 Partners Raises $850M Across Two Funds

Base10 Partners has closed two funds, raising $850 million in fresh capital throughout 2025 and increasing its total assets under management to $2.6 billion. The Black-led venture firm’s portfolio includes category leaders such as Nubank, Brex, Instacart, Notion, Motive, WeTravel, Blank Street, Lexroom, and HappyRobot. The capital will be deployed across automation for the real economy and applied AI, with a focus on backing companies from Seed …

Base10 closes $850M at $2.6B AUM: How one of the world's largest Black-led VC firms proved the real economy AI thesis right

Base10 Partners has closed $850M across two new funds, bringing total assets under management to $2.6B, backed by Sofina, endowments, sovereign wealth funds, and other institutional investors. The San Francisco firm — one of the world’s largest Black-led VC funds — has backed category leaders including Nubank, Brex, Instacart, Notion, and HappyRobot. Base10 is doubling down on its founding thesis: that the biggest AI winners won’t be model build…