# Baseline Ventures: portfolio, investments and team

> Baseline Ventures is a vc firm based in United States. 152 investments on record, latest Dec 2019. Portfolio, stages, co-investors and team.

Source: https://millionrounds.com/fund/baseline-ventures (Millionrounds; every figure on the page links to its filing or article)

United States · [Investor](https://millionrounds.com/investors)

# Baseline Ventures

Last cheque observed Dec 2019. Silence since then is not evidence of inactivity: our sources miss unannounced rounds.

Email

Quiet New fund, Mar 2018 VC firm

Seed Series A Series B Marketing Mobile SEM

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Cheques on record

**0%** of best year **0** **cheques in 12 months**, 152 on record

Since the last cheque **2511** days **00** hrs **00** min **00** sec

Median round **$15M** Cheque size, as they say **$100K – $1.0M** Rounds led **2 of 152** Sole investor **8 rounds** Exits **32 from the portfolio** Mostly in **United States, 97%**

Pitch Baseline Ventures

## Baseline Ventures highlights

- 01 152 rounds on record
- 02 Mostly Series A and Seed: 73% of its rounds
- 03 Sole investor in 8 rounds, median $685K
- 04 32 exits from the portfolio

## What they do

> Invested in 2011, IPO 2021 From their own website

- **Type:** VC firm (from a list, unverified)
- **Cheque size:** $100K – $1.0M as they say
- **Stages:** Seed Series A Series B Growth
- **Sectors:** Marketing Mobile SEM
- **Based in:** Ross, United States
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **152 appearances**

- **2019** 8 rounds
- **Dec** **[Dusty Robotics](https://millionrounds.com/company/dusty-robotics)** Seed · US · FinSMEs **$5.0M** With 3 others
- **Sept** **[Karuna Labs](https://millionrounds.com/company/karuna-labs)** Seed · US · FinSMEs **$3.0M** *Led*
- **Jul** **[CircleCI](https://millionrounds.com/company/circleci)** Series D · US · FinSMEs **$56M** With 8 others
- **Jul** **[TrustArc](https://millionrounds.com/company/trustarc)** Series D · US · FinSMEs **$70M** With 5 others
- **Jun** **[Dishcraft](https://millionrounds.com/company/dishcraft)** Series A · US · TechCrunch **$25M** *Led*
- **Jun** **CybeReady** IL · Siliconangle **$5.0M** With 1 other
- **May** **[Sun Basket](https://millionrounds.com/company/sun-basket)** Series E · US · FinSMEs **$30M** With 8 others
- **Feb** **[MakerSights](https://millionrounds.com/company/makersights)** US · FinSMEs **$3.1M** With 3 others
- **2018** 2 rounds
- **Nov** **[Shape Security](https://millionrounds.com/company/shape-security)** US · FinSMEs **$26M** With 9 others
- **Jan** **[CircleCI](https://millionrounds.com/company/circleci)** Series C · US · FinSMEs **$31M** With 5 others
- **2017** 2 rounds
- **Jun** **[BlueFox.io](https://millionrounds.com/company/bluefox-io)** Series A · US · FinSMEs **$7.0M** With 3 others
- **Apr** **[PagerDuty](https://millionrounds.com/company/pagerduty)** Series C · US · FinSMEs **$44M** With 3 others
- **2016** 3 rounds
- **Nov** **[Crayon](https://millionrounds.com/company/crayon)** Seed · US · FinSMEs **$3.4M** With 2 others
- **Oct** **[PacketZoom](https://millionrounds.com/company/packetzoom)** US · FinSMEs **$4.3M** Sole investor
- **Feb** **[Digit](https://millionrounds.com/company/digit)** **$23M** With 21 others
- **2015** 12 rounds
- **Sept** **[SoFi](https://millionrounds.com/company/sofi)** Series E · US **$1.0B** With 6 others
- **Sept** **[Sun Basket](https://millionrounds.com/company/sun-basket)** Venture · US **$4.5M** With 24 others
- **Sept** **[Iron.io](https://millionrounds.com/company/iron-io)** Series A · US **$8.0M** With 4 others
- **Aug** **[Apiary](https://millionrounds.com/company/apiary)** Series A · US **$6.8M** With 2 others
- **Aug** **[Front Row](https://millionrounds.com/company/front-row)** Series A · US **$5.3M** With 3 others
- **Jun** **[Smyte](https://millionrounds.com/company/smyte)** Seed **$2.3M** With 4 others
- **Jun** **[Appuri](https://millionrounds.com/company/appuri)** Seed · US **$2.0M** With 2 others
- **Jun** **[Careport Health](https://millionrounds.com/company/careport-health)** Venture · US **$2.2M** With 6 others
- **May** **[Digit](https://millionrounds.com/company/digit)** Series A · US **$11M** With 3 others
- **Apr** **[PacketZoom](https://millionrounds.com/company/packetzoom)** Seed · US **Undisclosed** With 3 others
- **Mar** **[Spruce Health](https://millionrounds.com/company/spruce-health)** Series A · US **$15M** With 3 others
- **Feb** **[Liftoff](https://millionrounds.com/company/liftoff)** Series A · US **$5.0M** With 5 others
- **2014** 13 rounds
- **Dec** **[TinyPulse](https://millionrounds.com/company/tinypulse)** Series A · US **$3.5M** With 1 other
- **Dec** **[Digit](https://millionrounds.com/company/digit)** Seed · US **$2.5M** With 14 others
- **Nov** **[Bloc](https://millionrounds.com/company/bloc)** Series A · US **$6.0M** With 5 others
- **Nov** **[Good Eggs](https://millionrounds.com/company/good-eggs)** Series C · US **$21M** With 6 others
- **Oct** **[Soma](https://millionrounds.com/company/soma)** Series A · US **$2.2M** With 14 others
- **Oct** **[Iron.io](https://millionrounds.com/company/iron-io)** Seed · US **$3.1M** With 2 others
- **Sept** **[Spruce Health](https://millionrounds.com/company/spruce-health)** Seed · US **$2.0M** With 2 others
- **Jul** **[PagerDuty](https://millionrounds.com/company/pagerduty)** Series B · US **$27M** With 3 others
- **Jul** **[Threadflip](https://millionrounds.com/company/threadflip)** Series B · US **$13M** With 3 others
- **Jun** **[Stitch Fix](https://millionrounds.com/company/stitch-fix)** Series C · US **$30M** With 3 others
- **Apr** **[Piqora](https://millionrounds.com/company/piqora)** Series A · US **$7.7M** With 3 others
- **Apr** **[SoFi](https://millionrounds.com/company/sofi)** Series C · US **$80M** With 8 others
- **Jan** **[Boombotix](https://millionrounds.com/company/boombotix)** Series A · US **$4.0M** With 15 others

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

## The team

Named by the firm itself, on a filing, its Form ADV or its company registration **1 named**

SA **Steven Anderson** Managing Member - Baseline Industries GP, LLC i Form ADV

We also hold **3** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.

## What the register says

From the firm's own filings with the SEC, which it must file accurately by law

**$613M** gross assets of its funds Oct 2026

**Exempt** reporting adviser venture or small private funds

- **Legal name:** Baseline Industries, L.P.
- **SEC number:** CRD 294309

## Exits from the portfolio

Companies it backed that were later bought or listed **32 in all**

**[Smyte](https://millionrounds.com/company/smyte)** Bought by [Twitter](https://millionrounds.com/fund/twitter) **$65M** Jun 2018

**[Reverb Technologies](https://millionrounds.com/company/reverb-technologies)** Bought by Inform **Undisclosed** May 2015

**[Blekko](https://millionrounds.com/company/blekko)** Bought by [IBM (International Business Machines)](https://millionrounds.com/fund/ibm-international-business-machines) **Undisclosed** Mar 2015

**[TrialPay](https://millionrounds.com/company/trialpay)** Bought by [Visa](https://millionrounds.com/fund/visa) **Undisclosed** Feb 2015

**[Clarity](https://millionrounds.com/company/clarity)** Bought by [Fundable](https://millionrounds.com/fund/fundable) **Undisclosed** Feb 2015

**[Librato](https://millionrounds.com/company/librato)** Bought by SolarWinds **$40M** Jan 2015

**[TastemakerX](https://millionrounds.com/company/tastemakerx)** Bought by Rdio **Undisclosed** Jul 2014

**[BookFresh](https://millionrounds.com/company/bookfresh)** Bought by Square **Undisclosed** Feb 2014

**[StackMob](https://millionrounds.com/company/stackmob)** Bought by PayPal **Undisclosed** Dec 2013

**[Seesaw](https://millionrounds.com/company/seesaw)** Bought by Byliner **Undisclosed** Nov 2013

**[Xobni](https://millionrounds.com/company/xobni)** Bought by [Yahoo!](https://millionrounds.com/fund/yahoo) **$48M** Jul 2013

**[Giftly](https://millionrounds.com/company/giftly)** Bought by GiftCards.com **Undisclosed** May 2013

**[Metaresolver](https://millionrounds.com/company/metaresolver)** Bought by Millennial Media **Undisclosed** Feb 2013

**[Crashlytics](https://millionrounds.com/company/crashlytics)** Bought by [Twitter](https://millionrounds.com/fund/twitter) **$100M** Jan 2013

**[Formspring](https://millionrounds.com/company/formspring)** Bought by Spring.me **Undisclosed** Jan 2013

**[GoInstant](https://millionrounds.com/company/goinstant)** Bought by Salesforce **$70M** Jul 2012

**[Instagram](https://millionrounds.com/company/instagram)** Bought by [Facebook](https://millionrounds.com/fund/facebook) **$1.0B** Apr 2012

**[OMGPOP](https://millionrounds.com/company/omgpop)** Bought by Zynga **$210M** Mar 2012

**[Sendori](https://millionrounds.com/company/sendori)** Bought by [CoBe Capital](https://millionrounds.com/fund/cobe-capital) **Undisclosed** Nov 2011

**[Versly](https://millionrounds.com/company/versly)** Bought by [Cisco](https://millionrounds.com/fund/cisco) **Undisclosed** Aug 2011

The latest 20 here. An exit counts when it came after the firm's first round in the company. From historical deal records.

New fund on file

**Raised**

a new fund in Mar 2018

From its SEC filing, not a journalist: a firm that has just raised has money to deploy.

## The cheque

Seed Series A Series B

Median round joined **$15M** the round, not its cheque Alone, median **$685K**

Led 2 of 152 rounds **1%**

- **Said size:** $100K – $1.0M
- **Sole investor:** 8 rounds
- **Last cheque:** Dec 2019
- **Exits:** 32 from the portfolio

Rounds by stage said on their site

- Series A said *53*
- Seed said *51*
- Series B said *20*
- Series C *11*
- Venture *8*
- Growth said *-*

Cheques by year Led Joined

2006 2019

Often in the room with

- [Harrison Metal](https://millionrounds.com/fund/harrison-metal) 26
- [First Round Capital](https://millionrounds.com/fund/first-round-capital) 23
- [Floodgate](https://millionrounds.com/fund/floodgate) 18
- [SV Angel](https://millionrounds.com/fund/sv-angel) 17
- [Freestyle Capital](https://millionrounds.com/fund/freestyle) 13
- [Founder Collective](https://millionrounds.com/fund/founder-collective) 11

**Pitching Baseline Ventures?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque.

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## Who they invest alongside

The investors most often in the same rounds as Baseline Ventures. A count of rooms they were both in, not a relationship either has claimed.

[**Harrison Metal** VC firm **26** rounds together](https://millionrounds.com/fund/harrison-metal)[**First Round Capital** VC firm **23** rounds together](https://millionrounds.com/fund/first-round-capital)[**Floodgate** VC firm **18** rounds together](https://millionrounds.com/fund/floodgate)[**SV Angel** VC firm **17** rounds together](https://millionrounds.com/fund/sv-angel)[**Freestyle Capital** VC firm **13** rounds together](https://millionrounds.com/fund/freestyle)[**Founder Collective** VC firm **11** rounds together](https://millionrounds.com/fund/founder-collective)[**Collaborative Fund** VC firm **8** rounds together](https://millionrounds.com/fund/collaborative-fund)[**Google Ventures** Corporate VC **8** rounds together](https://millionrounds.com/fund/gv)[**Ron Conway** Angel **8** rounds together](https://millionrounds.com/fund/ron-conway)[**500 Global** Angel **7** rounds together](https://millionrounds.com/fund/500-startups)[**Andreessen Horowitz** VC firm **7** rounds together](https://millionrounds.com/fund/andreessen-horowitz)[**Correlation Ventures** VC firm **7** rounds together](https://millionrounds.com/fund/correlation-ventures)

## Recently backed

The latest companies Baseline Ventures put money into.

[**Dusty Robotics** $5.0M · Dec 2019](https://millionrounds.com/company/dusty-robotics)[**Karuna Labs** $3.0M · Sept 2019](https://millionrounds.com/company/karuna-labs)[**CircleCI** $56M · Jul 2019](https://millionrounds.com/company/circleci)[**TrustArc** $70M · Jul 2019](https://millionrounds.com/company/trustarc)[**Dishcraft** $25M · Jun 2019](https://millionrounds.com/company/dishcraft)[**MakerSights** $3.1M · Feb 2019](https://millionrounds.com/company/makersights)

## Mentioned on podcasts

Episodes that name Baseline Ventures in their description, not their title.

- [Growth Investor](https://millionrounds.com/podcasts/growth-investor) 6 Jul 2021 · 26 min Driving Digital Impact At Scale: Pantheon CEO Zack Rosen Mentions [Baseline Ventures](https://millionrounds.com/fund/baseline-ventures)[First Round Capital](https://millionrounds.com/fund/first-round-capital)[Floodgate](https://millionrounds.com/fund/floodgate) *+2* Apple PodcastsShow page
- [The Twenty Minute VC](https://millionrounds.com/podcasts/20vc) 8 Sept 2017 · 33 min 20VC: How To Run The Perfect Fundraising Process, Why Time Kills All Deals & Why You Have To Get VCs Out Of The Board Room with Wayne Chang, Serial Entrepreneur & Angel Investor Mentions [Baseline Ventures](https://millionrounds.com/fund/baseline-ventures)[Boston Seed Capital](https://millionrounds.com/fund/boston-seed-capital)[Google](https://millionrounds.com/fund/google-assistant-investments) Apple PodcastsShow page
- [The Official SaaStr Podcast](https://millionrounds.com/podcasts/saastr) 5 Sept 2016 · 23 min SaaStr 054: Why You Should Hire A Product Leader From Day 1 & How To Navigate 12-18 Month Sales Cycles With Only 18 Months Runway Mentions [Bain Capital](https://millionrounds.com/fund/bain-capital)[Baseline Ventures](https://millionrounds.com/fund/baseline-ventures)[Google](https://millionrounds.com/fund/google-assistant-investments) *+4* Apple PodcastsShow page

## Quick answers about Baseline Ventures

### What does Baseline Ventures invest in?

Baseline Ventures invests most often at Series A and Seed (73% of the rounds on record), in sectors such as Marketing, Mobile and SEM.

### How active is Baseline Ventures?

152 investments on record, 0 of them in the last 12 months, and it led 2. The most recent was in Dec 2019.

### What has Baseline Ventures invested in recently?

Its most recent investments on record: Dusty Robotics (Seed, Dec 2019), Karuna Labs (Seed, Sept 2019) and CircleCI (Series D, Jul 2019).

### How big are Baseline Ventures's cheques?

The median round it joins is $15M. It says it writes cheques of $100K to $1.0M.

### Does Baseline Ventures lead rounds?

Sometimes: it led 2 of its 152 investments on record (1%).

### Where does Baseline Ventures invest?

Most of the companies it backs are in the United States (97%).

### Is Baseline Ventures investing now?

No investments in the last 12 months; the latest was in Dec 2019.

### Who does Baseline Ventures invest alongside?

Most often Harrison Metal (26 rounds together), First Round Capital (23 rounds together) and Floodgate (18 rounds together).

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