# Basis Set Ventures: portfolio, investments and team

> Basis Set Ventures is a vc firm based in United States. 93 investments on record, 34 in the last 12 months, latest Oct 2026.

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

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

# Basis Set Ventures

Last cheque observed Oct 2026; 93 cheques on record.

Email

Deploying now New fund $25M, Dec 2025 VC firm

Seed Series A Artificial Intelligence Developer Tools Infrastructure

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Deploying now

**89%** of best year **34** **cheques in 12 months**, 93 on record

Since the last cheque **12** days **00** hrs **00** min **00** sec

Median round **$13M** Rounds led **4 of 93** Sole investor **7 rounds** Mostly in **United States, 87%**

Pitch Basis Set Ventures

## Basis Set Ventures highlights

- 01 34 cheques in the last 12 months
- 02 Mostly Series A and Seed: 73% of its rounds
- 03 Sole investor in 7 rounds, median $3.0M

## What they do

> An AI-native venture fund since 2017, born from the science of minds and machines From their own website

- **Type:** VC firm (from a list, unverified)
- **Cheque size:** Not stated
- **Stages:** Seed Series A
- **Sectors:** Artificial Intelligence Developer Tools Infrastructure
- **Based in:** Menlo Park, United States
- **Cold pitches:** Not accepted

## The record

Every round we can evidence, newest first **93 appearances**

- **2026** 26 rounds
- **Oct** **[Sunlight AI](https://millionrounds.com/company/sunlight-ai)** Seed · US · Pulse 2.0 **$17M** *Led*
- **Aug** **[FSH Technologies](https://millionrounds.com/company/fsh-technologies)** Series A · US **$20M** With 3 others
- **Aug** **[Osmo Studio](https://millionrounds.com/company/osmo-studio)** Seed · US **$5.0M** With 3 others
- **Aug** **[Gravity](https://millionrounds.com/company/gravity)** Series A · US **$31M** With 3 others
- **Jul** **[SentientWorksAI](https://millionrounds.com/company/sentientworksai)** Series A · US **$1.8M** Sole investor
- **Jun** **[Orbital](https://millionrounds.com/company/orbital)** Seed · US · TechCrunch **$5.0M** With 14 others
- **Jun** **[Neion Bio](https://millionrounds.com/company/neion-bio)** Series A · US **$23M** With 3 others
- **May** **[Synthetic](https://millionrounds.com/company/synthetic)** Seed · US · Ventureburn **$10M** With 6 others
- **May** **[Basata](https://millionrounds.com/company/basata)** Series A · US · Ventureburn **$21M** *Led*
- **May** **[Binti](https://millionrounds.com/company/binti)** Venture · US **$6.0M** With 4 others
- **Apr** **[Parasail](https://millionrounds.com/company/parasail)** Series A · US · TechStartups **$32M** With 7 others
- **Apr** **[daydream Labs](https://millionrounds.com/company/daydream-labs)** Series A · US **$15M** With 4 others
- **Apr** **[Prismvault](https://millionrounds.com/company/prismvault)** Series A · US **$3.2M** Sole investor
- **Apr** **[Valius Sciences](https://millionrounds.com/company/valius-sciences)** Seed · US **$10M** With 1 other
- **Apr** **[Pursuit](https://millionrounds.com/company/pursuit)** Series A · US **$22M** Sole investor
- **Mar** **[Quince](https://millionrounds.com/company/quince)** Series E · US · TechCrunch **$500M** With 12 others
- **Mar** **[CuspAI](https://millionrounds.com/company/cuspai)** Venture · GB **Undisclosed** With 3 others
- **Mar** **[BNTO](https://millionrounds.com/company/bnto)** Venture · US **$22M** With 2 others
- **Feb** **[Rowspace](https://millionrounds.com/company/rowspace)** Series A · US · TechStartups **$50M** With 5 others
- **Feb** **[Dataro](https://millionrounds.com/company/dataro)** Series A · AU · Ventureburn **$14M** With 1 other
- **Feb** **[Entire](https://millionrounds.com/company/entire)** Seed · TechCrunch **$60M** With 8 others
- **Feb** **[KEYESQUE](https://millionrounds.com/company/keyesque)** Seed · US **$3.0M** Sole investor
- **Feb** **[Quill Meetings](https://millionrounds.com/company/quill-meetings)** Seed · US **$6.5M** With 3 others
- **Feb** **[Reflow](https://millionrounds.com/company/reflow)** Seed · US **$15M** With 3 others
- **Feb** **[Clearly AI](https://millionrounds.com/company/clearly-ai)** Seed · US **$8.4M** With 1 other
- **Feb** **[Sakana AI](https://millionrounds.com/company/sakana-ai)** Venture · JP **Undisclosed** With 4 others
- **2025** 22 rounds
- **Dec** **[Simular](https://millionrounds.com/company/simular)** Series A · US **$22M** With 5 others
- **Dec** **[DataLane](https://millionrounds.com/company/datalane)** Series A · US **$23M** With 3 others
- **Dec** **[Internet Backyard](https://millionrounds.com/company/internet-backyard)** Pre-seed · US **$4.5M** With 1 other
- **Nov** **[Flint](https://millionrounds.com/company/flint)** Series A · US · AlleyWatch **$15M** *Led*
- **Nov** **[Norm AI](https://millionrounds.com/company/norm-ai)** Growth · US **$50M** With 3 others
- **Nov** **[Yountgatic](https://millionrounds.com/company/yountgatic)** Seed · US **$2.5M** Sole investor
- **Nov** **[Path Robotics](https://millionrounds.com/company/path-robotics)** Venture · US **Undisclosed** With 4 others
- **Nov** **[Parasail](https://millionrounds.com/company/parasail)** Venture · US **Undisclosed** With 3 others
- **Oct** **[Mem0](https://millionrounds.com/company/mem0)** Series A · US · TechCrunch **$20M** *Led*
- **Oct** **[CuspAI](https://millionrounds.com/company/cuspai)** Series A · GB · Hoxton Ventures **$100M** With 4 others
- **Oct** **[Snappr](https://millionrounds.com/company/snappr)** Series B · US **$28M** With 4 others
- **Oct** **[Tigris Data](https://millionrounds.com/company/tigris-data)** Series A · US **$25M** With 3 others
- **Sept** **[Allocate](https://millionrounds.com/company/allocate)** Series B · US · Urban Innovation Fund **$30M** With 5 others
- **Jul** **[rida.ai](https://millionrounds.com/company/rida-ai)** Series A · SG **$3.5M** With 1 other

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 **2 named**

XL **Xuezhao Lan** Managing Member of the General Partner i Filing they signed

ZP **Zhijian Peng** Managing Member of the General Partner i Filing they signed

We also hold **15** 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

**$1.6B** gross assets of its funds, 2 advisers combined Oct 2026

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

- **Legal name:** Basis SET Ventures, LLC
- **SEC number:** CRD 289323

New fund on file

**$25M**

raised in Dec 2025

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

## The cheque

Seed Series A

Median round joined **$13M** the round, not its cheque Alone, median **$3.0M**

Led 4 of 93 rounds **4%**

- **Sole investor:** 7 rounds
- **Last cheque:** Oct 2026

Rounds by stage said on their site

- Series A said *34*
- Seed said *31*
- Venture *12*
- Series B *6*
- Pre-seed *4*
- Series C *2*

Cheques by month Led Joined

Nov 2023 Oct 2026

Often in the room with

- [Y Combinator](https://millionrounds.com/fund/y-combinator) 16
- [Alumni Ventures](https://millionrounds.com/fund/us-strategic-tech-fund-an-alumni-ventures-fund) 7
- [Andreessen Horowitz](https://millionrounds.com/fund/andreessen-horowitz) 6
- [New Enterprise Associates](https://millionrounds.com/fund/new-enterprise-associates) 5
- [500 Global](https://millionrounds.com/fund/500-startups) 4
- [Bain Capital Ventures](https://millionrounds.com/fund/bain-capital-ventures) 4

**Pitching Basis Set 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 Basis Set Ventures. A count of rooms they were both in, not a relationship either has claimed.

[**Y Combinator** Accelerator **16** rounds together](https://millionrounds.com/fund/y-combinator)[**Alumni Ventures** VC firm **7** rounds together](https://millionrounds.com/fund/us-strategic-tech-fund-an-alumni-ventures-fund)[**Andreessen Horowitz** VC firm **6** rounds together](https://millionrounds.com/fund/andreessen-horowitz)[**New Enterprise Associates** VC firm **5** rounds together](https://millionrounds.com/fund/new-enterprise-associates)[**500 Global** Angel **4** rounds together](https://millionrounds.com/fund/500-startups)[**Bain Capital Ventures** VC firm **4** rounds together](https://millionrounds.com/fund/bain-capital-ventures)[**Felicis** VC firm **4** rounds together](https://millionrounds.com/fund/felicis-ventures)[**Founders Fund** VC firm **4** rounds together](https://millionrounds.com/fund/founders-fund)[**Lightspeed Venture Partners** VC firm **4** rounds together](https://millionrounds.com/fund/lightspeed-venture-partners)[**Notable Capital** VC firm **4** rounds together](https://millionrounds.com/fund/notable-capital)[**SV Angel** VC firm **4** rounds together](https://millionrounds.com/fund/sv-angel)[**8VC** VC firm **3** rounds together](https://millionrounds.com/fund/8vc)

## Recently backed

The latest companies Basis Set Ventures put money into.

[**FSH Technologies** $20M · Aug 2026](https://millionrounds.com/company/fsh-technologies)[**Osmo Studio** $5.0M · Aug 2026](https://millionrounds.com/company/osmo-studio)[**Gravity** $31M · Aug 2026](https://millionrounds.com/company/gravity)[**SentientWorksAI** $1.8M · Jul 2026](https://millionrounds.com/company/sentientworksai)[**Orbital** $5.0M · Jun 2026](https://millionrounds.com/company/orbital)[**Neion Bio** $23M · Jun 2026](https://millionrounds.com/company/neion-bio)

## On podcasts

1 episode naming Basis Set Ventures in the title, and 2 more that mention it.

- [Venture Unlocked](https://millionrounds.com/podcasts/venture-unlocked) 13 Jul 2021 · 39 min Lan Xuezhao of Basis Set Ventures on using data science along with human psychology to assess deals, finding LP/GP fit, founder super powers measurement, and conviction based investing. With [Lan Xuezhao](https://millionrounds.com/person/lan-xuezhao) Mentions [Basis Set Ventures](https://millionrounds.com/fund/basis-set-ventures)[University of Michigan](https://millionrounds.com/fund/university-of-michigan) Apple PodcastsShow page

### Mentioned in

- [StrictlyVC Download](https://millionrounds.com/podcasts/strictlyvc-download) 23 Jun 2026 · 26 min Is There an AI Bubble? VCs on Valuations and ARR Inflation Apple Podcasts
- [Origins: Inside Venture Capital](https://millionrounds.com/podcasts/origins-openlp) 22 Mar 2023 · 55 min Investing in AI - Nick & Beezer co-host Dr. Lan Xuezhao Apple PodcastsShow page

## Quick answers about Basis Set Ventures

### What does Basis Set Ventures invest in?

Basis Set Ventures invests most often at Series A and Seed (73% of the rounds on record), in sectors such as Artificial Intelligence, Developer Tools and Infrastructure.

### How active is Basis Set Ventures?

93 investments on record, 34 of them in the last 12 months, and it led 4. The most recent was in Oct 2026.

### What has Basis Set Ventures invested in recently?

Its most recent investments on record: Sunlight AI (Seed, Oct 2026), FSH Technologies (Series A, Aug 2026) and Osmo Studio (Seed, Aug 2026).

### How big are Basis Set Ventures's cheques?

The median round it joins is $13M.

### Does Basis Set Ventures lead rounds?

Sometimes: it led 4 of its 93 investments on record (4%).

### Where does Basis Set Ventures invest?

Most of the companies it backs are in the United States (87%) and the United Kingdom (5%).

### Is Basis Set Ventures investing now?

Yes: it is actively investing, with 34 investments in the last 12 months.

### Who does Basis Set Ventures invest alongside?

Most often Y Combinator (16 rounds together), Alumni Ventures (7 rounds together) and Andreessen Horowitz (6 rounds together).

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