Baseline Ventures launches new fund, 10 years after predecessor

San Francisco-based Baseline Ventures has launched a new fund ten years after its predecessor.

Baseline Ventures 1819 does not list a target or show any registered capital, according to a filing with the SEC.

The vehicle will be managed by Baseline founder Steve Anderson, who has previously worked for Starbucks, Digital Equipment Corporation, eBay, Kleiner Perkins Caufield and Byers and Microsoft.

The firm was founded in 2006, and since then claims to have made more than 100 investments, created 4,000 jobs and created $1.5bn for founders and employees. It has a focus on technology startups and has previously invested in a range of FinTechs.

Some of the companies in its portfolio include online lending and wealth management platform SoFi, personal finance app Digit, online payments platform trialpay, and online investment platform Cake Financial.

It raised its debut fund in 2008, according to Crunchbase, but no total amount has been announced.

Last year, the firm took part in the $4m Series A funding round in to online security startup Smyte, The San Francisco-based company identifies potentially malicious activity to help prevent scams, spam and credit card fraud.

Earlier in the month, Golden Gate Ventures is reportedly looking to raise its third venture capital fund with a target of $100m. The vehicle is expected to hold a first close later in the month, and a final close by the end of the year.

The size of investments in the FinTech space have been rising since 2014, with the percentage of deals valued at $1m or lower has declined from 44 per cent in 2014, to 20 per cent, last year.

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