Base10 Advancement Initiative

The Base10 Advancement Initiative is a venture capital fund established by Base10 Partners, focusing on early-stage technology companies that aim to enhance economic mobility and wealth creation in underserved communities. The fund is committed to aligning the success of these companies with the advancement of underrepresented minorities, particularly through support for Historically Black Colleges and Universities (HBCUs).

In 2021, the Advancement Initiative raised a $250 million fund, investing in leading pre-IPO startups and donating 50% of the fund's carried interest directly to HBCUs. This initiative underscores Base10's dedication to diversity and inclusion within the tech industry. Notable investments include Attentive, Nubank, Brex, Plaid, Aurora Solar, Wealthsimple, CircleCI, and KeepTruckin.

The fund's strategy emphasizes automation technologies that benefit the broader population, allocating a significant portion of profits from major investments to support underfunded colleges and foster the next generation of technology founders. This approach reflects Base10's mission to use venture capital as a tool for social impact, bridging the gap between economic opportunity and underserved communities.