Basis Set Ventures
 | |
| Basis Set | |
| Company type | Private |
| Industry | Venture capital |
| Founded | June 23, 2017 |
| Founder | Lan Xuezhao |
| Headquarters | , United States |
| AUM | US$600 million (2025) |
| Website | www |
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
[edit | edit source]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
[edit | edit source]- Quince[13]
- Sakana [14]
- Cusp[15]
- OpenArt[16]
- DataGrail[17]
- Drata[18]
- Thinking Machines[19]
- Path[20]
- Ergeon[21]
Technology and research in investment strategy
[edit | edit source]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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