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Venture Capital
baselinev.com

Investments

207

Portfolio Exits

64

Funds

10

About Baseline Ventures

Baseline Ventures was founded by Steve Anderson in 2006. It is a venture capital firm specializing in seed stage investments and based in San Francisco, California. Ron Conway, an American angel investor, is a Special Partner at Baseline Ventures; in 2009 Ron Conway exited from Baseline Ventures and founded the SV Angel Fund, a $20M seed stage venture capital firm.

Headquarters Location

7250 Redwood Blvd Suite 300

Novato, California, 94945,

United States

415-722-1224

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Latest Baseline Ventures News

Vijay Deverakonda becomes co-owner in volleyball league team Hyderabad Black Hawk

Jan 24, 2023

New Delhi: Telugu film actor and producer Vijay Deverakonda has picked up a minority stake in Hyderabad Black Hawks, a franchise in the professional men's indoor volleyball league, Prime Volleyball. Deverakonda has acquired under 10% in the team at a valuation of ₹160 crore. With this, the actor has become co-owner of the team along with investor Abhishek Reddy Kankanala, an entrepreneur who owns a majority stake in the Hyderabad franchise. "It is our vision to take volleyball to all corners of the country, to all ages, all genders, all backgrounds, and all levels of athleticism. We want to empower our rural communities the same way as our cities, and level the playing field for all of our children. We want volleyball to be more than just a sport — we want to transform it into something that can help and benefit everyone," said Deverakonda on his association. "As a co-owner and a brand ambassador, Vijay brings a new perspective into the mix that can really push our brand to the next level, and advance our organisation a massive step towards achieving our vision,"Kankanala told Mint. "He believes in the potential of the team in the league. Kankanala, who is the head of Global Arena LLP, has also invested in Premier Badminton League’s team Bengaluru Raptors and the Bengaluru Brawlers of the National Boxing League. Prime Volleyball is a private league which operates on a business model where the franchise owners are also the stakeholders in the league. Its inaugural edition in February last year featured seven teams from Chennai, Bengaluru, Kolkata, Kochi, Hyderabad, Calicut and Ahmedabad. The league is an initiative of Baseline Ventures with no involvement from the Volleyball Federation of India. Baseline Ventures, a sports, events, entertainment, and licensing firm also manages athletes like PV Sindhu, K Srikanth, Bhuvneshwar Kumar, Prithvi Shaw, Smriti Mandhana, Nikhat Zareen, PR Sreejesh, among others. The second edition of league will begin next month in three different cities - Bengaluru, Hyderabad, and Kochi. All eight franchises - Calicut Heroes, Kochi Blue Spikers, Ahmedabad Defenders, Hyderabad Black Hawks, Chennai Blitz, Bengaluru Torpedoes, Mumbai Meteors, and Kolkata Thunderbolts - will play a round-robin before the top four teams in the league stage qualify for the semi finals. The final will be played in Kochi. The season will have 31 matches and will be broadcast on Sony Sports Network and on its OTT platform. The organisation claimed that in its inaugural season, it had a cumulative television viewership of 41 million. Last year, the league owners Baseline Ventures had filed a legal notice to Discovery Communications India which directed the Volleyball Federation of India to pay a sum of ₹4 crore with interest at 12 percent p.a., and a sum of ₹5,00,000 as costs to it. Its claim was that Baseline was owed over ₹6 crores by this body as decided by the courts. ABOUT THE AUTHOR

Baseline Ventures Investments

207 Investments

Baseline Ventures has made 207 investments. Their latest investment was in Afresh as part of their Series B on August 8, 2022.

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Baseline Ventures Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

8/4/2022

Series B

Afresh

$115M

No

2

6/17/2022

Unattributed VC - II

RStudio

$2.6M

No

1

5/17/2022

Series B

LucidLink

$20M

No

7

5/10/2022

Series B

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$99M

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10

4/14/2022

Unattributed VC

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$99M

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10

Date

8/4/2022

6/17/2022

5/17/2022

5/10/2022

4/14/2022

Round

Series B

Unattributed VC - II

Series B

Series B

Unattributed VC

Company

Afresh

RStudio

LucidLink

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Amount

$115M

$2.6M

$20M

$99M

$99M

New?

No

No

No

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Co-Investors

Sources

2

1

7

10

10

Baseline Ventures Portfolio Exits

64 Portfolio Exits

Baseline Ventures has 64 portfolio exits. Their latest portfolio exit was ADARA on January 03, 2023.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

1/3/2023

Acquired

$99M

4

6/30/2022

Acquired

$99M

1

1/31/2022

Merger

$99M

3

11/16/2021

Acquired

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$99M

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10

11/10/2021

IPO

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$99M

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10

Date

1/3/2023

6/30/2022

1/31/2022

11/16/2021

11/10/2021

Exit

Acquired

Acquired

Merger

Acquired

IPO

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

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Sources

4

1

3

10

10

Baseline Ventures Fund History

10 Fund Histories

Baseline Ventures has 10 funds, including Baseline Side Car.

Closing Date

Fund

Fund Type

Status

Amount

Sources

4/7/2017

Baseline Side Car

Co-Investment Fund

Open

$32M

3

10/18/2011

Baseline Increased Exposure Fund

Early-Stage Venture Capital

Closed

$40M

1

10/18/2011

Baseline Core Fund

Early-Stage Venture Capital

Closed

$70M

1

12/22/2008

Baseline Ventures 2009

10

2/5/2008

Baseline Ventures Growth Fund

10

Closing Date

4/7/2017

10/18/2011

10/18/2011

12/22/2008

2/5/2008

Fund

Baseline Side Car

Baseline Increased Exposure Fund

Baseline Core Fund

Baseline Ventures 2009

Baseline Ventures Growth Fund

Fund Type

Co-Investment Fund

Early-Stage Venture Capital

Early-Stage Venture Capital

Status

Open

Closed

Closed

Amount

$32M

$40M

$70M

Sources

3

1

1

10

10

Baseline Ventures Team

1 Team Member

Baseline Ventures has 1 team member, including current Founder, Steve Anderson.

Name

Work History

Title

Status

Steve Anderson

Founder

Current

Name

Steve Anderson

Work History

Title

Founder

Status

Current

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