Basis Set Ventures

Investor type Venture Capital
Founders Xuezhao Lan

Overview

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This summary is composed by our algorithm based on the analysis of the deals. If you think that some of this information is not accurate, please let us know about it and provide any supporting evidences if possible. Such cases will be analyzed by our ML-algorithm and implemented in our database, which will improve this summary.
Total investments 53
Average round size
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The average size of a deal this fund participated in
$10M
Portfolio companies 38
Rounds per year 10.60
Lead investments 5
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.28
Exits 4
Key employees 3
Stages of investment
Early Stage Venture
Seed

Areas of investment

  • Software
  • Machine Learning
  • Artificial Intelligence
  • SaaS
  • E-Commerce
Summary

In 2017 was created Basis Set Ventures, which is appeared as VC. The main office of represented VC is situated in the San Francisco. The venture was found in North America in United States.

The standard case for the fund is to invest in rounds with 5-6 partakers. Despite the Basis Set Ventures, startups are often financed by Y Combinator, NGP Capital, DCM Ventures. The meaningful sponsors for the fund in investment in the same round are Zetta Venture Partners, Y Combinator, Start Smart Labs. In the next rounds fund is usually obtained by GGV Capital, Zetta Venture Partners, Xplorer Capital.

The high activity for fund was in 2018. The fund is constantly included in 7-12 deals per year. The usual things for fund are deals in the range of 10 - 50 millions dollars. The average startup value when the investment from Basis Set Ventures is 500 millions - 1 billion dollars. The top amount of exits for fund were in 2019. The real fund results show that this VC is 8 percentage points less often commits exit comparing to other companies.

Among the most popular fund investment industries, there are Drones, Automotive. Besides, a startup needs to be aged 2-3 years to get the investment from the fund. Among the most popular portfolio startups of the fund, we may highlight Lime, Ike, Cognition IP. The fund has exact preference in some founders of portfolio startups. When startup sums 5+ of the founder, the probability for it to get the investment is little. For fund there is a match between the location of its establishment and the land of its numerous investments - United States.

This organization was formed by Xuezhao Lan. The overall number of key employees were 1.

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Related Funds

Funds investing in previous rounds
These funds often invest in the rounds preceeding the rounds of Basis Set Ventures:
Typical Co-investors
Basis Set Ventures is more likely to invest in rounds together with the following funds:
Funds investing in following rounds
These funds have a tendency to invest in the following rounds after Basis Set Ventures:

Funds with similar focus

Funds from United States
Funds with similar focus located in United States:
Funds with the same geo focus
Funds with similar geography of portfolio companies:
Funds doing lead investments
Funds with similar focus acting as lead investors:

Notable deals

CompanyIndustryRound SizeDateInvestorsLocation

VIAVIA

E-Commerce
Fashion
Retail Technology
Supply Chain Management
$8M18 May 2022 Los Angeles, California, United States

Single Origin

Artificial Intelligence
$3M03 Mar 2022 -

VIAVIA

E-Commerce
Fashion
Retail Technology
Supply Chain Management
$1M31 Dec 2021 Los Angeles, California, United States

Dataro

Analytics
Database
$2M17 Dec 2021 Sydney, New South Wales, Australia

Tigris Data Inc

Cloud Computing
Database
Open Source
SaaS
Software
10 Dec 2021 Sunnyvale, California, United States

Quince

E-Commerce
Logistics
Retail
Retail Technology
$50M30 Nov 2021 San Francisco, California, United States

Facet

Computer
Software
$13M16 Nov 2021 San Francisco, California, United States

Momentum

Apps
B2B
Information Services
Information Technology
SaaS
Sales
Sales Automation
Software
$5M10 Nov 2021 San Francisco, California, United States

Whimsical

Apps
Collaboration
Software
$30M01 Nov 2021 Denver, Colorado, United States
News
Workstream Raises $48M in Series B Funding

– Workstream, a San Francisco, CA-based hiring platform and mobile app that streamlines the sourcing and onboarding of hourly workers, raised $48m in Series B funding.
– The round was co-led by BOND and Coatue, with reinvestment from Founders Fund, and Eric Yuan, CEO of Zoom; Tony Xu, CEO of DoorDash; Ryan Smith, CEO of Qualtrics; Frederic Kerrest, COO of Okta; Basis Set Ventures; CRV; Peterson Ventures; GGV Capital; Jay-Z’s RocNation; Will Smith’s Dreamers VC and others.
– The company intends to use the funds to double the size of its team with numerous hires across sales, marketing and engineering, and continue to invest in growth and product development.

Rutter comes out of stealth with $1.5M in funding for its e-commerce API

– Rutter, a remote-first company, is developing a unified e-commerce API that enables companies to connect with data across any platform.
– The company announced it was emerging from stealth with $1.5m in funding from a group of investors including Haystack, Liquid 2 and Basis Set Ventures.
– The company stumbled upon the e-commerce API idea while working in education technology last year.
– The founders said there are two big explosions going on in e-commerce: the platform side with the adoption of headless commerce — the separating of front end and back end functions of an e-commerce site, and new companies coming in to support merchants.

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