Base 10 Ventures
Unit L3/12 Vinters Business Park, New Cut Road, Maidstone, Kent, ME14 5NZ, United Kingdom
Overview
Base 10 Ventures invests in founders developing identity management and cybersecurity technology. b10v delivers a proven track record of 10+ fold increase in the equity value for targeted acquisitions. They believe their focus on markets they know so well, and their ability to be much more to their portfolio companies than just a board seat, set them apart from other venture build investors. They remain laser focused on the identity management and cybersecurity market. They are able to be involved either at start-up phase or during the need for a significant company pivot. They are able to add value via an immersive venture build process. Paul Tourret & Steve Waite, founders of Base 10 Ventures, used these guiding principles to co-found GMO GlobalSign and grow the company from a small Belgian based Certificate Authority into a world class identity services provider trusted by some of the largest companies in the world.
- Total investments
- 1
- Lead investments
- 0
- Investments · 12mo
- 0
- Active investors
- 3
Sector focus
- Finance
- Financial Services
Investment portfolio
- Shipwell
Participated · Series A · Oct 2018
Shipwell provides a cloud-based supply chain management platform used by shippers, 3PLs and carriers to manage freight operations. The company recently added parcel shipping alongside its traditional freight shipping modes and is now FedEx Compatible, enabling users to manage parcel and freight in one platform. Led by CEO and cofounder Greg Price and President and cofounder Jason Traff, Shipwell aims to expand its product capabilities across shipping modes. The company raised a $35M Series B and has raised $47M in total funding to date. Proceeds from the round will be used to expand employee headcount and open a second office in Chicago in 2020. Shipwell is headquartered in Austin, Texas. Shipwell operates a digital marketplace that connects shippers with freight carriers and provides online tools to manage shipments, fleets, and cargo. The platform coordinates freight, pays truckers, and monetizes via commissions on freight services and fees for its freight-management software. It targets small and mid-size businesses that spend $100 million or less per year on freight and the fragmented pool of small carriers that own only a few trucks. The founders began planning the business in 2016 and launched the service at the beginning of this year. Shipwell positions its offering as a way to bring Amazon-like proprietary logistics toolkits to retailers, landlords and other partners, with potential tie-ins in construction and real estate. Its focus on the long tail of shippers and smaller fleets is aimed at addressing inefficiencies in the large but fragmented U.S. trucking market.