February may have come and gone, but the historic contributions of Black people are an everyday thing. This sentiment is proof positive by the founders of Base10 Partners, what’s said to be the world’s largest Black-led venture capital firm. Recently, the firm announced it closed on a new $460 million fund for early-stage investments which takes its total assets under management to more than $1 billion. This newest fund is the largest to date. In 2021, the firm closed on what is now a $300 million growth-stage fund, The Advancement Initiative, which donates 50 percent of carried interest to Historically Black Colleges and Universities to create scholarships and bolster school endowments. Ade Ajao and TJ Nahigian founded Base10 Partners just four years ago. Since its inception in 2018, the Bay Area firm uses a data-proven approach to determine how to invest in tech automation within companies across the food, logistics, global fintech, and retail industries.

In the face of the world’s most devastating health crisis, millions of people and businesses crumbled under the detrimental hits from the economy. To top it off, racial and gender inequality issues have surfaced at the forefront of world issues increasing the pressure of our social responsibilities. To help mend the damage done to American citizens and small businesses, Base10 Partners — the world’s largest Black-led VC firm — has announced that they’ve just raised $250 million to commit their efforts to promote more Black representation in the corporate world, The Moguldom Nation reports . The Base10 Fund II supports the firm’s initiative to invest in tech companies who are committed to working with underserved communities, governments, and real economy companies, according to Managing Partner, Adeyemi Ajao. In a Medium post, Ajao stated that the increased fund brought their attention to two things. One of those things involves what “Automation for the Real Economy” really means....