Basis Set Ventures

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Basis Set Builders, LLC
Basis Set
Company typePrivate
IndustryVenture capital
FoundedJune 23, 2017; 9 years ago (2017-06-23)
FounderLan Xuezhao
Headquarters,
United States
AUMUS$600 million (2025)
Websitewww.basisset.com

Basis Set Ventures is an American venture capital firm that specializes in investing in early stage startups building with artificial intelligence.[1] The firm is based in San Francisco, California.[2] As of 2025, the firm had $600 million in assets under management.[3]

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.[4] Lan is a founder and angel investor in companies including Scale AI.[5][6][7] She has a M.A. in Statistics and PhD in psychology from the University of Michigan.[8]

Basis Set Ventures announced its first fund in August 2017.[9][2] The firm announced its $165M second fund in April 2021.[10] Basis Set's latest $185M third fund was announced in February 2024.[11] 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.[12]

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.[2]

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.[22][23]

References

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