Morrison & Foerster LLP advised Base10 Partners on the deal.
Base10 Partners formed its second venture fund with capital commitments of $250 million, creating Base Fund II.
Founded in 2017 in San Francisco, Base10 is led by Adeyemi Ajao and TJ Nahigian. The new fund brings the firm’s AUM to over $400 million, now making it the largest black-led VC fund. The new fund will invest in startups and back a handful of initiatives designed to diversify the industry. Already, more than 60% of its portfolio companies thus far have women or minority founders.
The MoFo team that advised Base10 Partners was led by partners Private Funds co-chairs Paul ‘Chip’ L. Lion III (Picture) and Stephanie C. Thomas and included associates Emiko Kurotsu and Jennifer Ta.
Law Firms: Morrison Foerster;
Clients: Base10 Partners;