Fund profile / United States

Base10 Advancement Fund IV

Geography: United States
Stage: Seed
Fund size: $425M
Focus: AI/ML, Digital Health, FinTech and PropTech
Signals: Published

N°01 / About

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.

N°02 / Thesis

Investment Focus

Location / RegionUnited States

Funding StageSeed

Industry Focus

AI/ML

Digital Health

FinTech

PropTech

Supply Chain

Investor Signals Profile

active

Sweet Spot

AI founders automating real-economy workflows for underserved sectors

real-economy AI

automation

logistics AI

healthcare AI

fintech AI

Bullish Signals

$850M raise, $2.6B AUM validates real-economy AIblog

Two-fund structure covers seed through Series Bblog

CalPERS, Illinois Municipal Retirement Fund — institutional LPsblog

Advancement Initiative ties economics to HBCU endowmentsblog

50% donation to next-gen founders shows commitment to ecosystemwebsite

Mission: 'serving 99%' + automation = core brand positioningwebsite

Automation for real economy explicitly reinforced in latest messagingexternal

Solving problems for 99% — foundational brand clarity confirmedwebsite

Contrarian Signals

$2.6B AUM needs multiple large outcomes quicklyblog

Capital-intensive sectors generate slower venture returnsblog

Series B fund requires different skill than early-stageblog

Founder Do's

Frame AI as automating specific real-economy workflows

Show budget displacement and mission-critical stickiness

Target legacy sectors — logistics, healthcare, fintech, real estate

Expect seed through Series B continuity

Align with 'serving the 99%' economic democratization angle

Founder Don'ts

Do not pitch consumer software or undifferentiated AI

Do not pitch foundation models — application layer only

Avoid thin theses without clear industry entrenchment

21 signals on Base10 Advancement Fund IV

8 bullish · 3 contrarian · 5 pitch do's · 3 don'ts · 2 GP profiles, each with its source. From €9/month, cancel anytime.

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Facts

Fund Overview

Fund Size$425M

Saves0

Website

People

Key People

Adeyemi Ajao, TJ Nahigian

Adeyemi AjaoManaging Partner, Co-founder

TJ NahigianManaging Partner, Co-founder

N°04 / See also

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