Base10 Advancement Fund IV

About Base10 Advancement Fund IV

Base10 Advancement Fund IV is the fourth early-stage vehicle from San Francisco-based Base10 Partners, part of an $850M raise that lifted firm AUM to $2.6B. The fund backs seed and Series A companies applying AI to automate the "real economy" — logistics, healthcare, financial services and real estate. Founded by Adeyemi Ajao and TJ Nahigian in 2018, Base10 is one of the largest Black-led VC firms and ties fund economics to HBCU endowments through its Advancement Initiative.

Investment Focus

Location / RegionUnited States

Funding StageSeed

Industry Focus

Ai Ml

Digital Health

Fintech

Prop Tech

Supply Chain

Investor Signals Profile

active

Sweet Spot

AI founders automating large, legacy real-economy sectors — logistics, healthcare, financial services, real estate

real-economy AI

automation

logistics AI

healthcare AI

fintech AI

real estate AI

Bullish Signals

$850M raise, $2.6B AUM — real-economy AI thesis validatedblog

Two-fund structure covers seed through Series Bblog

CalPERS, Illinois Municipal Retirement Fund — sticky institutional LPsblog

Advancement Initiative ties economics to HBCU endowmentsblog

Contrarian Signals

$2.6B AUM needs multiple large outcomes, not just mid-cap exitsblog

Capital-intensive sectors can be slow to generate venture returnsblog

Series B fund requires different skill than early-stage pickingblog

Founder Do's

Frame AI as automating a specific real-economy workflow

Show budget displacement and mission-critical stickiness

Lean into the real-economy framing — logistics, healthcare, fintech, real estate

Expect seed through Series B continuity from one firm

Founder Don'ts

Do not pitch consumer software or undifferentiated AI tooling

Do not pitch foundation models — Base10 backs the application layer

Avoid thin theses without clear industry entrenchment

Key GPs & Partners

Adeyemi Ajao

Managing Partner, Co-founder

ex-founderthesis-drivendiversity-advocate

TJ Nahigian

Managing Partner, Co-founder

operator-investorinstitutional

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Fund Overview

Fund Size$425M

Saves0

Website

Key People

Adeyemi Ajao, TJ Nahigian

Adeyemi AjaoManaging Partner, Co-founder

TJ NahigianManaging Partner, Co-founder