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Basis Set Ventures

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Basis Set Builders, LLC
Basis Set
TypePrivate
IndustryVenture capital
FoundedJune 23, 2017; 9 years ago (2017-06-23)
FounderLan Xuezhao
Headquarters
San Francisco, California
,
United States
AUMUS$850 million (2026)
Number of employees
10 (2026) Edit this on Wikidata
Websitewww.basisset.com

Basis Set Ventures is an American venture capital firm that was one of the earliest to specialize in investing in early-stage startups building with artificial intelligence.[1][2] The firm is based in San Francisco, California.[3] As of 2026, the firm had $850 million in assets under management.[4]

History

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Basis Set Ventures was founded in 2017 by Lan Xuezhao. Lan previously led Corporate Development at Dropbox and advised technology clients at McKinsey & Company.[5] Lan is a founder and angel investor in companies including Scale AI.[6][7][8] She has a M.A. in Statistics and PhD in psychology from the University of Michigan.[9]

Basis Set Ventures announced its first fund in August 2017.[10][3] The firm announced its $165M second fund in April 2021 and its $185M third fund in February 2024. [11][12] Basis Set's latest $250M Fund IV was announced in January 2026.[13] While Basis Set's LPs have not been disclosed, Foundry and Melinda French Gates’ Pivotal Ventures have both been publicly named as investors in the fund.[14]

Notable investments

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Technology and research in investment strategy

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Basis Set Ventures leverages machine learning and proprietary software to support investment sourcing and analysis.[3]

The firm conducts research on applying large-scale data and AI models to venture decision-making, including studies using large language models (LLMs) to predict startup success and explore founder psychology.[23][24]

References

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  1. ↑ Chernova, Yuliya (2026-01-26). "Exclusive | Basis Set Ventures Bet on AI Before Other Firms. Now It Has Raised a $250 Million Fourth Fund". Wall Street Journal. ISSN 0099-9660. Retrieved 2026-01-26.
  2. ↑ "Basis Set". www.basisset.com. Retrieved 2025-04-28.
  3. 1 2 3 Chernova, Yuliya (2021-04-26). "Basis Set Ventures Gives Up the Office as It Raises $165 Million Fund". Wall Street Journal. ISSN 0099-9660. Retrieved 2025-04-28.
  4. ↑ "SEC FORM D". www.sec.gov. Retrieved 2025-04-28.
  5. ↑ Mannes, John (2017-08-31). "Basis Set Ventures gets real to get to the heart of AI startups". TechCrunch. Retrieved 2025-07-04.
  6. ↑ "To Thrive in Midwest, Investors Shouldn't Copy Silicon Valley". The Information. Retrieved 2025-04-28.
  7. ↑ Chen, Te-Ping (2020-09-29). "Women Founders of AI Startups Take Aim at Gender Bias". Wall Street Journal. ISSN 0099-9660. Retrieved 2025-07-04.
  8. ↑ Renbarger, Madeline. "Exclusive: Basis Set Raises $185 Million Third Fund, Doubling Down on AI & Automation". www.newcomer.co. Retrieved 2025-07-04.
  9. ↑ uomsi. "Two new members appointed to UMSI Advisory Board | umsi". www.si.umich.edu. Retrieved 2025-04-28.
  10. ↑ Konrad, Alex. "This Machine Learning-Focused VC Firm Just Added A Third Woman Investment Partner". Forbes. Retrieved 2025-07-04.
  11. ↑ Shieber, Jonathan (2021-04-22). "At Basis Set Ventures, merging venture capital and software development yields a $165 million new fund". TechCrunch. Retrieved 2025-04-28.
  12. ↑ Renbarger, Madeline. "Exclusive: Basis Set Raises $185 Million Third Fund, Doubling Down on AI & Automation". www.newcomer.co. Retrieved 2025-04-28.
  13. ↑ Chernova, Yuliya (2026-01-26). "Exclusive | Basis Set Ventures Bet on AI Before Other Firms. Now It Has Raised a $250 Million Fourth Fund". Wall Street Journal. ISSN 0099-9660. Retrieved 2026-01-26.
  14. ↑ Renbarger, Madeline. "Exclusive: Basis Set Raises $185 Million Third Fund, Doubling Down on AI & Automation". www.newcomer.co. Retrieved 2025-04-29.
  15. ↑ Crook, Jordan (2020-10-12). "Quince launches out of beta with new 'manufacturer-to-customer' model". TechCrunch. Retrieved 2025-07-04.
  16. ↑ Bergman, Ben. "44 of the most promising AI startups of 2024, according to top VCs". Business Insider. Retrieved 2025-09-11.
  17. ↑ Butcher, Mike (2024-06-18). "CuspAI raises $30M to create a GenAI-driven search engine for new materials". TechCrunch. Retrieved 2025-07-04.
  18. ↑ Forristal, Lauren (2025-08-08). "Former Googlers' AI startup OpenArt now creates 'brain rot' videos in just one click". TechCrunch. Retrieved 2025-09-15.
  19. ↑ Miller, Ron (2021-03-10). "DataGrail snares $30M Series B to help deal with privacy regulations". TechCrunch. Retrieved 2025-09-15.
  20. ↑ Renbarger, Madeline. "Exclusive: Basis Set Raises $185 Million Third Fund, Doubling Down on AI & Automation". www.newcomer.co. Retrieved 2025-07-04.
  21. ↑ Heater, Brian (2021-05-03). "Path Robotics raises $56M Series B for automated welding". TechCrunch. Retrieved 2025-07-04.
  22. ↑ Kamps, Haje Jan (2022-06-07). "Introducing Ergeon, a startup that builds fences". TechCrunch. Retrieved 2025-07-04.
  23. ↑ Palazzolo, Stephanie. "The 13 top VC firms dedicated to investing in artificial intelligence and machine learning that founders should know". Business Insider. Retrieved 2025-07-04.
  24. ↑ Walker, Rob (2020-01-06). "How to Become a Successful Founder in 2020". Marker. Retrieved 2025-04-28.
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