Base10 Partners announced that it closed $850 million in new capital during 2025, bringing its assets under management to $2.6 billion as the venture capital firm continues backing companies focused on applying AI and automation to the real economy.
Founded in 2018 by Adeyemi Ajao and TJ Nahigian, Base10 invests in companies from the seed stage through Series B. The firm’s portfolio includes companies such as Nubank, Brex, Instacart, Notion, Motive, WeTravel, Blank Street, Lexroom, and HappyRobot.
The new capital is already being deployed and comes from a range of limited partners, including endowments, pension funds, sovereign wealth funds, and other institutional investors.
Base10 was established around the idea of investing in companies using AI and automation to transform sectors of the real economy. According to the firm, several portfolio companies are reaching tens of millions of dollars in revenue within a year of launch.
The firm also reaffirmed its commitment to the Advancement Initiative, a program through which Base10 donates up to 50% of carried interest profits to help expand opportunities in technology for students from diverse backgrounds. One of its key partners, CodePath, was recently selected by Anthropic as its flagship economic mobility partner to help students develop AI-native engineering skills.
In addition, Adeyemi Ajao joined the board of Motive last December as the company continues expanding its AI platform and international presence.
KEY QUOTES:
“When we raised Fund I we called ourselves the first fund focused on Applied AI for the Real Economy, and LPs told us applied AI was too ‘niche’ and ‘not a thing’, so we had to change it to Automation. Today, we have several portfolio companies applying AI to the Real Economy that are growing from 0 to tens of millions in revenue in under 12 months, that is unprecedented.
The Automation of the Real Economy is here. Those companies are where the new capital is going to go and we are so thankful for the trust of our founders and LPs at this key moment of economic transformation. This is what Base10 was founded for.”
Adeyemi Ajao, Co-Founder And Managing Partner, Base10 Partners
“Choosing the right partner at the Series B was more than just a financial decision. It’s a critical time to find people who actually believe in what we are building, and that’s exactly what we found. Base10 has been with us every step of the way since we brought them on, and that kind of support makes a real difference when you’re moving fast.”
Pablo Palafox, Co-Founder And CEO, HappyRobot
“Ade’s deep experience as a founder, operator, and investor in AI companies will be invaluable as we expand our AI platform and scale internationally. He brings a unique perspective on turning AI innovation into durable enterprise value and navigating new international markets.”
Shoaib Makani, Co-Founder And CEO, Motive
“We’ve been with Base10 for several years preceding this fundraise, and that history gives us a real perspective on what they’ve built. Base10 has earned our continued confidence through their focus, their portfolio, and the way they show up for founders. This fundraise is a reflection of what happens when a firm stays focused on what it knows.”
Benjamin Sabatier, Principal, Sofina
