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Luci Fonseca is a Partner at Base10 Partners in San Francisco, California, where she leads investing for the firm's growth-stage fund and co-leads the Advancement Initiative. She directs $20 million to $60 million checks into Series B through pre-IPO technology companies from a $460 million growth vehicle. Fonseca also manages the $250 million Advancement Initiative, which donates 50% of its carried interest to Historically Black Colleges and Universities. Prior to joining the $1.8 billion venture firm in 2021, she developed strategy for a $50 million impact fund at Salesforce Ventures and helped establish the Institute for Black Economic Mobility at McKinsey & Company. Previously, she served as an Economic Advisor in the Office of the Prime Minister of Cabo Verde. Her current investment focus centers on artificial intelligence, compliance, and vertical software automation for the real economy.
Luci Fonseca stands as a pivotal Principal at Base10 Partners, a leading venture capital firm dedicated to backing founders building the New Economy. In her role, Luci is instrumental in sourcing, evaluating, and supporting groundbreaking companies that are poised to redefine various sectors through technological innovation. Her strategic insights and deep industry knowledge make her a valuable partner for entrepreneurs navigating the complexities of scaling high-growth ventures.
At Base10 Partners, Luci Fonseca's investment focus areas are sharply aligned with the firm's thesis of investing in businesses that automate large, inefficient sectors of the economy. She has a particular passion for B2B SaaS (Software-as-a-Service) platforms that enhance operational efficiency, streamline workflows, and provide critical infrastructure for businesses across industries. Beyond SaaS, Luci actively explores opportunities in fintech, where technology is democratizing financial services and creating more inclusive economic systems. Her portfolio interests also extend to automation, supply chain innovation, and the future of work, seeking out companies that leverage artificial intelligence and machine learning to drive significant impact.
Luci's career background is marked by a strong foundation in technology and finance, providing her with a comprehensive understanding of what it takes to build and scale successful companies. Prior to joining Base10 Partners, she honed her analytical and strategic skills in roles that spanned technology consulting and operational leadership within high-growth startups. This diverse experience equipped her with a founder-first mentality, enabling her to empathize with the challenges entrepreneurs face and offer practical, actionable advice. Her journey into venture capital was a natural progression, driven by a desire to empower visionary founders and contribute to the development of transformative technologies.
While specific public investments are often confidential, Luci Fonseca's work at Base10 Partners contributes to a portfolio of companies that are making significant strides in their respective markets. She is known for her hands-on approach, working closely with portfolio companies to provide strategic guidance on product development, market expansion, talent acquisition, and fundraising. Her commitment to fostering strong relationships and providing ongoing support ensures that founders have the resources and expertise needed to achieve their ambitious goals. Luci's dedication to identifying and nurturing the next generation of industry leaders reinforces Base10 Partners' reputation as a forward-thinking and impactful venture capital firm.
Luci Fonseca is a Principal at Base10 Partners, a venture capital firm. She plays a key role in identifying, evaluating, and supporting innovative companies that are building the New Economy, with a focus on B2B SaaS, fintech, and automation.
Luci Fonseca primarily invests in companies within the B2B SaaS, fintech, and automation sectors. Her focus is on technologies that automate large, inefficient parts of the economy, including supply chain innovation and the future of work.
Luci Fonseca works as a Principal at Base10 Partners, a prominent venture capital firm known for its investments in companies shaping the New Economy.
