basecase capital

Early-stage enterprise software VC ($90M AUM) led by Forbes 30 Under 30 Alana Goyal.

Active

Updated: Feb 17, 2026 ·

About

basecase capital was founded in 2020 by Alana Goyal, named to Forbes 30 Under 30 in Venture Capital for 2024. The firm has raised $90 million, with backing from Sequoia, Elad Gil, Greylock, and Marc Andreessen. Focused on early-stage enterprise software, basecase helps technical founders recruit engineers, secure first customers, and raise institutional funding. Portfolio includes Supabase and Census. The firm has a unique approach of not taking pitch meetings, instead building relationships with exceptional employees before they start companies.

Financial History

Total Raised

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Valuation

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Investments Made

Date	Company	Round	Lead Investor(s)	Co-Investor(s)
Feb 1, 2025	Baseten	$75.0M Series C	—	01 Advisors, 9Yards Capital, Abstract Ventures, Acrew Capital, Addition, Andreessen Horowitz, B8, Bain Capital Ventures, Bessemer Venture Partners, Binary Capital, Bond, C2 Investment, Conviction Partners, Factorial, General Catalyst, Gradient Ventures, Greylock, Sangeen Zeb, Hoxton Ventures, Infinite Capital, IVP, LGF, Liquid 2 Ventures, Scott Sandell, NewView Capital, Pioneer Fund, Plaid, Predictive VC, Qiming Venture Partners, Race Capital, Redpoint Ventures, Sequoia Capital, South Park Commons, Spark Capital, Stellation Capital, Symbolic Capital, Jarrod Dicker, Uncork Capital, Weekend Fund, Y Combinator, Akshay Kothari, Charles Zedlewski, Cristina Cordova, DJ Patil, Dylan Field, Evan Cheng, George Burke, Greg Brockman, Peter Reinhardt, Ron Pragides, Scott Belsky, Will Gaybrick, Zachary Sims
Dec 1, 2024	Mainframe	$6.0M Seed	—	50 Partners, 9Yards Capital, AI4ALL, Alumni Ventures, Artisanal Ventures, Basecase Capital, Cambrian Ventures, Factorial, Flexcap, General Catalyst, Greylock, Hoxton Ventures, Innovation Endeavors, Kleiner Perkins, LGF, NEO, Otherwise Fund, Outrun Ventures, Stellar Capital, Stellation Capital, Symbolic Capital, Uncork Capital, Unusual Ventures, Vibe Capital, Weekend Fund, Y Combinator, Akshay Kothari, Amjad Masad, Evan Cheng, George Burke, Gokul Rajaram, Kelvin Beachum Jr., Kenneth Griffin, Kevin Weil, Kyle Vogt, Ron Pragides, Scott Belsky, Thibaud Elziere, Thomas Dohmke, Vishal Rao, William Levy
Nov 1, 2024	CodeCrafters	$2.0M Seed	—	Amazon Alexa Fund, Andreessen Horowitz, Builders, C2 Investment, Eclipse Ventures, M13, Rainfall Ventures, Sequoia Capital, Speedinvest, Streamlined Ventures, Amjad Masad, Dan Siroker, Darius Contractor, Humberto Ayres Pereira, Jonathan Widawski, Karl Jacob, Mei Z., Nkechi Iregbulem, Rich Miner, Scott Belsky, Tom Williams
Mar 1, 2024	Baseten	$40.0M Series B	—	01 Advisors, 9Yards Capital, Acrew Capital, Andreessen Horowitz, Bond, C2 Investment, Conviction Partners, Factorial, Gradient Ventures, Greylock, Sangeen Zeb, Hoxton Ventures, Infinite Capital, IVP, LGF, Liquid 2 Ventures, Mischief Venture Capital, Hilarie Koplow-McAdams, Pioneer Fund, Plaid, Predictive VC, Sequoia Capital, Spark Capital, Stellation Capital, Symbolic Capital, Jarrod Dicker, Tet Ventures, Uncork Capital, Weekend Fund, Akshay Kothari, Allison Pickens (Allison Pickens Ventures), Charles Zedlewski, Cristina Cordova, DJ Patil, Dylan Field, Evan Cheng, George Burke, Greg Brockman, Neha Narkhede, Peter Reinhardt, Ron Pragides, Scott Belsky, Will Gaybrick, William Hockey, Zachary Sims
Jun 1, 2022	autone	$2.0M Seed	—	Amazon Alexa Fund, Eclipse Ventures, Entrepreneur First, General Catalyst, M13, Motier Ventures, Rainfall Ventures, Sequoia Capital, Speedinvest, Dan Siroker, Darius Contractor, Humberto Ayres Pereira, Jonathan Widawski, Karl Jacob, Scott Belsky, Tom Williams
Apr 1, 2022	Baseten	$12.0M Series A	—	01 Advisors, 9Yards Capital, Gautam Gupta, Kevin Hartz, Accel, Accomplice VC, AIX Ventures, Alt Capital, Andreessen Horowitz, Bain Capital Ventures, Bond, CMFG Ventures, Conviction Partners, DTCP, Factorial, Forerunner Ventures, Greylock, Hoxton Ventures, IVP, LGF, Matrix, Moderne Ventures, Pareto Holdings, Plaid, Ribbit Capital, Sacramento Angels, Saga, Spark Capital, Stellation Capital, Symbolic Capital, Third Kind Ventures, Tribe Capital, Uncork Capital, Weekend Fund, Y Combinator, Aaron Levie, Akshay Kothari, Charles Zedlewski, Cristina Cordova, DJ Patil, Dylan Field, Evan Cheng, Frederic Kerrest, George Burke, Greg Brockman, Howie Liu, Matt Macinnis, Mike Vernal, Ollen Douglass, Ron Pragides, Scott Belsky
Apr 1, 2022	Baseten	$8.0M Seed	—	01 Advisors, 9Yards Capital, Accel, AIX Ventures, Bond, C2 Investment, Conviction Partners, Dig Ventures, Factorial, FTAC Ventures, Greylock, Highland Capital Partners, Hoxton Ventures, Index Ventures, IVP, LGF, Matrix, OMERS Ventures, Pareto Holdings, Plaid, Seedcamp, Sound Ventures, Spark Capital, Stellation Capital, Symbolic Capital, The Hit Forge, Third Kind Ventures, Uncork Capital, Walden Catalyst Ventures, Weekend Fund, Akshay Kothari, Alex Kayyal, Charles Zedlewski, Cornelius Boersch, Cristina Cordova, DJ Patil, Dylan Field, Evan Cheng, George Burke, Greg Brockman, Melissa Tan, Ron Pragides, Scott Belsky, Yaron Valler
Sep 9, 2021	Supabase	$30.0M Series A	—	Alex Solomon, Coatue, Flex Capital, Guillermo Rauch, Preston-Werner Ventures, 01 Advisors, 2048 Ventures, 8-Bit Capital, Accel, Andreessen Horowitz, Arthur Ventures, Benchmark, Byld Ventures, Comal Ventures, Contrary Capital, Energize Ventures, Entrepreneur First, Episode 1 Ventures, Felicis Ventures, Foundry Group, Geek Ventures, Octopus Ventures, Outliers Venture Capital, Sequoia Capital, Vouch Insurance, Voyager Ventures, Y Combinator, Andrew Robb, Charles Zedlewski, Dharmesh Shah, Eric Chernoff, Jeff Seibert, Johnny Boufarhat, Matias Woloski, Nic Brisbourne, Ron Pragides, Shay Banon, Wayne Chang, Will Brooks
Mar 1, 2021	June	$2.0M Seed	—	Accel, Benchmark, Bling Capital, Coatue, Comal Ventures, Felicis Ventures, FJ Labs, Flex Capital, Geek Ventures, Giant Ventures, Jude Gomila Rolling Fund, Mangrove Capital Partners, Prefix Capital, Rivet Ventures, Sequoia Capital, SNR, Speedinvest, Uncork Capital, Y Combinator, Charles Zedlewski, Eric Chernoff, Jeremy Yap, Jonathan Swanson, Joshua Reeves, Jugoslav Petkovic, Kulveer Taggar, Naveen Jain, Shay Banon, Sumon Sadhu, Travis May
Oct 1, 2017	Allset	$5.0M Series A	—	Acequia Capital, Amazon Alexa Fund, Andreessen Horowitz, Atomico, Basis Set Ventures, DCM, Eclipse Ventures, Founder Collective, General Catalyst, Joe Kraus, Kamran Ansari, Infinite Niches, M13, Nokia Growth Partners, Hans Tung, Primitive Ventures, Rainfall Ventures, Sarah Smith Fund, Sequoia Capital, Speedinvest, UpHonest Capital, Y Combinator, Dan Siroker, Darius Contractor, Ding Zhou, Ed Baker, Gabriel Jarrosson, Humberto Ayres Pereira, Jonathan Widawski, Josh Mohrer, Karl Jacob, Rashaun Williams, Sam Altman, Scott Belsky, Tom Williams, Varsha Rao

Financial History

Total Raised

N/A

Valuation

N/A

Deep Dive

High-Level Overview

Basecase Capital is an early-stage venture capital firm focused on investing in deeply technical founders at the very earliest stages, often pre-idea or pre-product, primarily in enterprise software and AI sectors. Led by Forbes 30 Under 30 honoree Alana Goyal, the firm manages approximately $90 million in assets under management (AUM). Its mission centers on empowering builders by providing the first institutional capital and hands-on support to help them recruit initial engineers, secure early customers, and raise subsequent rounds. Basecase Capital’s investment philosophy emphasizes backing founders before they have fully formed companies, focusing on potential and technical depth rather than traditional pitch metrics. This approach impacts the startup ecosystem by nurturing nascent ideas and underdog founders, often overlooked by conventional VCs, thus fostering innovation at the foundational level[1][4][5].

Origin Story

Basecase Capital was founded by Alana Goyal, a product builder and former product manager at Samsara, who launched the fund out of a desire to engage more deeply with early-stage founders. Alana’s background includes experience at top venture firms and scout programs such as Greylock, General Catalyst’s Rough Draft Ventures, and Sequoia, which shaped her understanding of early-stage investing. The fund’s focus evolved around the concept of the "base case" — the fundamental early steps a startup must take to build momentum. Alana’s personal journey from product management to solo GP investing reflects a commitment to supporting founders even before they officially start their companies, often investing at the "negative one to zero" stage[1][4].

Core Differentiators

Unique Investment Model: Basecase Capital writes the very first checks to founders who are still exploring ideas, often without pitch decks or formal meetings, focusing on potential over presentation[5].
Founder-Centric Approach: Alana works closely with founders pre-product and pre-traction, often becoming an early beta tester and active user of their products, providing hands-on feedback and support[5].
Network Strength: The firm leverages Alana’s extensive network to connect founders with engineers, customers, and other investors, accelerating their growth trajectory[5].
No Board Seats: Basecase leads rounds with $1-5 million checks but typically does not take board seats, allowing founders more operational freedom[5].
Track Record: Although relatively new, Basecase has been an early partner to notable companies such as Ashby, Astral, Baseten, and Braintrust, demonstrating its ability to identify and support promising startups[2][3].

Role in the Broader Tech Landscape

Basecase Capital rides the trend of investing earlier than traditional VCs, capitalizing on the increasing technical complexity and innovation cycles in enterprise software and AI. The timing is critical as more founders emerge with deep technical expertise but lack traditional startup experience or networks. Market forces such as the rise of AI, cloud infrastructure, and developer tools create fertile ground for Basecase’s thesis. By supporting founders at the earliest stages, Basecase influences the broader ecosystem by expanding the pipeline of innovative startups and democratizing access to capital and mentorship for underrepresented or unconventional founders[1][4][5].

Quick Take & Future Outlook

Looking ahead, Basecase Capital is poised to deepen its influence by continuing to back pre-idea technical founders and expanding its portfolio in AI and enterprise software. Trends such as AI-driven automation, developer-centric tools, and decentralized workforces will likely shape the startups Basecase supports. Alana Goyal’s hands-on, founder-first approach and her ability to inspire confidence in nascent entrepreneurs position Basecase to become a key player in early-stage venture capital. The firm’s future may also include scaling its operational support and network to help founders navigate the critical "base case" moments that define startup success[4][5]. This focus on the foundational stages of company building ties back to Basecase’s core mission: empowering builders to turn ideas into impactful companies.

Sources

High-Level Overview

Origin Story

Core Differentiators

Unique Investment Model: Basecase Capital writes the very first checks to founders who are still exploring ideas, often without pitch decks or formal meetings, focusing on potential over presentation[5].
Founder-Centric Approach: Alana works closely with founders pre-product and pre-traction, often becoming an early beta tester and active user of their products, providing hands-on feedback and support[5].
Network Strength: The firm leverages Alana’s extensive network to connect founders with engineers, customers, and other investors, accelerating their growth trajectory[5].
No Board Seats: Basecase leads rounds with $1-5 million checks but typically does not take board seats, allowing founders more operational freedom[5].
Track Record: Although relatively new, Basecase has been an early partner to notable companies such as Ashby, Astral, Baseten, and Braintrust, demonstrating its ability to identify and support promising startups[2][3].