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Luci Fonseca

Investor at Base10 Partners

Luci Fonseca is a Partner at Base10 Partners, a venture capital firm based in San Francisco.23 She joined the firm in 2021 to help launch and lead the Advancement Initiative, Base10's program that aims to donate 50% of the firm's profit from select investments to fund the next generation of tech entrepreneurs.3

Prior to joining Base10, Fonseca worked at McKinsey & Company, where she helped establish the firm's Institute for Black Economic Mobility.3 She has also served as an Economic Advisor in the Office of the Prime Minister of Cabo Verde and started her career as an investment banker at Goldman Sachs.3

Fonseca's educational background includes:

  • MBA from Stanford University Graduate School of Business, with a Certificate in Public Management and Social Innovation2
  • Bachelor of Arts from Yale University2
  • She also studied at Peking University in 20062

At Base10, Fonseca's investment range is typically between $500K to $5.0M, with a sweet spot of $2.5M.1 She has made investments in companies such as Nomba, Emperia, and Bumpa.12 Fonseca is also an active angel investor and advocate for more women angels.3

Her work at Base10 Partners focuses on investing in technology companies that are automating large sectors of the "Real Economy" and partnering with founders who believe purpose is key to profits.3 The firm aims to change how people perceive purpose in the venture capital model, including working with underfunded colleges and universities to create pathways for students with underrepresented backgrounds in the tech industry.3

Highlights

May 2 · linkedin

When we first did diligence on Adeyinka Adewale and Pelumi Aboluwarin, I was stunned by the number of times we heard them described as "silent ninjas," executing quietly and remarkably efficiently on a killer mission: empowering the millions of merchants in Nigeria. Excited to make some noise today for these two incredible founders and the whole team at Nomba - we couldn't be happier to be partnering with you along with our friends at Partech, Shopify, Helios Investment Partners, Musha Ventures and others.

cc: TJ Nahigian Adeyemi Ajao Rexhep Dollaku Tidjane Deme Wale Ayeni Tian Tian Feng

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Luci Fonseca
Luci Fonseca, photo 1
Luci Fonseca, photo 2
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Location

San Francisco Bay Area