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Can a venture capital firm give away half its profits and still outperform its rivals?
Is Base10 solving a problem it helps create by funding both job automation and student scholarships?
Base10 Partners Surpasses $2.6B AUM: How an $850M Raise Is Redefining Black-Led Venture Capital and Social Impact
Overview
Base10 Partners, a leading Black-led venture capital firm, secured $850 million in new funding in June 2026, with support from major investors like Sofina and CalPERS. This raised their assets under management to $2.6 billion, making them the first Black-led VC firm to surpass $1 billion in assets. Base10 focuses on automating the 'Real Economy' by investing in early-stage companies that combine purpose with profit across sectors such as AI, logistics, SaaS, and fintech. Their strategy not only drives financial growth but also advances diversity and equity in the tech industry.