AI CAPITAL INTELLIGENCE
Basis Set Ventures | Institution profile
Institution at a glance
Basis Set Ventures is an early-stage, AI-native venture firm founded in 2017 and based in San Francisco. It invests in founders working across artificial intelligence and software, and uses in-house engineering and AI tools to support recruiting, go-to-market work, and company building. Founder Lan Xuezhao has a background in psychology research, entrepreneurship, McKinsey, and Dropbox corporate development.
Source verification date: · Fund stage, size, team biographies, and portfolio-value statements are published by Basis Set and may be self-reported. Aggregate portfolio-company value and individual financings are not fund-return multiples. Mem0’s USD 24 million Series A is the company total, not Basis Set’s disclosed individual check.
Recorded financing connections
- Mem02025-10-28 · Multiple rounds · USD 24,000,000
These are recorded participations, not a complete portfolio or performance score.
Names follow their disclosed form. Descriptive English renderings of Chinese names are not verified legal names. Original quotations are shown in their source language.
Key facts
| Firm positioning | An AI-native early-stage venture fund founded in 2017. |
|---|---|
| Investment stage | Early stage, according to the firm FAQ. |
| Founder background | Lan Xuezhao is an entrepreneur and investor with a PhD in psychology; her career included brain research, entrepreneurship, McKinsey, and Dropbox corporate development. |
| Founder support | The firm describes in-house engineering and AI tools and support with hiring, go-to-market, sales, partnerships, expansion, and fundraising. |
| Latest announced fund | The website announces a USD 250 million Fund IV. |
Public record
- Basis Set led Mem0’s USD 24 million Series A announced in October 2025. The amount is Mem0’s total round, not Basis Set’s individual commitment.
- The firm FAQ says companies where Lan Xuezhao made early investments grew to a combined value above USD 20 billion; this is a founder biography claim, not a fund-level return figure.
Official contact details
- Official website: Basis Set Ventures
Sources
- 1. Basis Set Ventures official website
An AI-native venture fund since 2017, born from the science of minds and machines.
- 2. Basis Set FAQ
Basis Set is an early stage venture capital fund based in San Francisco, California.
- 3. Team | Basis Set Ventures
Dr. Lan Xuezhao Founder & Partner.
- 4. Mem0 raises USD 24 million Series A led by Basis Set Ventures
Series A led by Basis Set Ventures