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Venture Capital
baselinev.com

Investments

212

Portfolio Exits

66

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

Prime Volleyball to look for investors as value tops $90 million-Business Journal

Feb 13, 2024

Prime Volleyball to look for investors as value tops $90 million-Business Journal Share post: Prime Volleyball was co-founded in 2021 by Indian sports activities advertising and marketing agency Baseline Ventures, the erstwhile promoter of the Pro Volleyball league, together with 5 authentic franchise homeowners of the now-defunct Pro Volleyball. In 2020, simply after the preliminary season of Pro Volleyball, the Volleyball Federation of India (VFI) and Baseline obtained embroiled in a dispute and the federation terminated the 10-year contract with Baseline, alleging breach of belief. While the Madras excessive court-appointed arbitrator discovered the contract termination wrongful and awarded ₹4.5 crore to Baseline as compensation, the sports activities advertising and marketing company obtained the help of 5 franchise homeowners to launch a non-public volleyball league within the nation that has an working construction related to NBA (National Basketball Association), Major League Soccer (MLS) and different US sporting leagues, the place workforce homeowners are additionally stakeholders within the leagues. In 2022, the primary version of Prime Volleyball came about with seven franchises, of which 5 had been a part of Pro Volleyball. Since then, the league has added one new franchise each season. Sameer Nigam and Rahul Chari, co-founders of the funds platform PhonePe, acquired the eighth franchise, Mumbai Meteors, final 12 months, whereas Alok Sanghi, director of the Sanghi Group, purchased the ninth workforce, the Delhi Toofans, forward of the third season. “We are delighted and honoured to witness the response from high companies and organizations, showcasing their curiosity in partnering with Prime Volleyball League annually. We are already in talks to add another last workforce after the third season to make Prime Volleyball a 10-team league,” Tuhin Mishra, managing director and co-founder of Baseline Ventures, which exclusively co-owns and markets the league, told Mint. He said the valuation of the league, after the last addition, is upwards of $90 million. “We are already seeing interest from potential investors, including strategic and private equity, who want to be a part of the league. We will explore the option after talking to all the stakeholders,” Mishra added. The league has created a optimistic impression on gamers and the ecosystem, mentioned Vinit Karnik, head of sports activities, esports and leisure at GroupM in South Asia. “What it wants is scale and additional penetration into grassroots of India. Professional academies and structured advertising and marketing of the game and the league is what wants to be addressed,” Karnik added. Last year, media reports said that Binny Bansal, co-founder of Flipkart, picked up a 10% stake in the Bengaluru franchise of the Prime Volleyball League for ₹10 crore, valuing the team at ₹100 crore. “Most franchises are valued at ₹100 crore– ₹125 crore and they can also look at unlocking their value,” Mishra added. Initially, all the unique franchises got a 15% stake within the league, together with Baseline Ventures. All the brand new groups are entitled to a stake within the league as per the format with the price and revenues shared equally amongst them. Mishra mentioned all of the groups are conscious that the breakeven interval is shut to six years, and they’re on observe. “The price will not be too excessive, and all of the workforce homeowners are in for a long run as in addition they personal a stake within the league. This is the great thing about the format,” he said. Meanwhile, Prime Volleyball has roped in 18 sponsors and partners ahead of its third season, which is scheduled to start on 15 February in Chennai. As per market estimates, the league, which is recognized by the international governing body the Fédération Internationale de Volleyball (FIVB), will make around ₹20 crore from sponsorships, a big amount for a non-cricket league of this size. Both RuPay, the flagship product of the National Payments Corporation of India (NPCI), and gaming platform A23 are continuing their partnership as the title sponsor and ‘powered by’ sponsor, respectively. Nippon Paint, Amul Kool, State Bank of India (SBI), Indian Oil, and Cred have come on board as associate sponsors, while Cosco and Indian Terrain have joined the league as official sponsors. “The fact that so many of our sponsors continue to support us every season is an indication of the level of trust that we have built in the industry over the years. We are all equally excited for the coming season and are confident that this time, it will be even bigger, better and bolder,” Mishra added. Last month, the league roped in Bollywood star Hrithik Roshan as its model ambassador. The league follows a 15-point format and new ideas such as tremendous serves and tremendous factors. The second season noticed a 55% enhance in viewership on Sony Sports Network. The third season may even be aired on Sony Sports Network in 5 languages—English, Hindi, Tamil, Telugu and Malayalam—and live-streamed on SonyLiv from the Jawaharlal Nehru Indoor Stadium, Chennai. The league is supported by the Sports Development Authority of Tamil Nadu (SDTA) as its host companions. HRX, Gleneagles HealthCity Chennai, PPL, and Mera Hoardings have additionally come on board as official companions whereas Piston des Sports will proceed to provide athlete administration providers throughout the third season. Milestone Alert! Livemint tops charts as the quickest rising information web site on the earth 🌏 Click here to know extra. Here’s your complete 3-minute abstract of all of the issues Finance Minister Nirmala Sitharaman mentioned in her Budget speech: Click to download!

Baseline Ventures Investments

212 Investments

Baseline Ventures has made 212 investments. Their latest investment was in LucidLink as part of their Series C on November 20, 2023.

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Baseline Ventures Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

11/20/2023

Series C

LucidLink

$75M

No

Adobe Ventures, Brighton Park Capital, Headline, and Undisclosed Investors

8

8/4/2022

Series B

Afresh

$115M

No

2

6/17/2022

Series A

Haus Analytics

$17M

Yes

3

6/17/2022

Unattributed VC - II

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$99M

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10

5/17/2022

Series B

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$99M

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10

Date

11/20/2023

8/4/2022

6/17/2022

6/17/2022

5/17/2022

Round

Series C

Series B

Series A

Unattributed VC - II

Series B

Company

LucidLink

Afresh

Haus Analytics

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Amount

$75M

$115M

$17M

$99M

$99M

New?

No

No

Yes

Subscribe to see more

Subscribe to see more

Co-Investors

Adobe Ventures, Brighton Park Capital, Headline, and Undisclosed Investors

Sources

8

2

3

10

10

Baseline Ventures Portfolio Exits

66 Portfolio Exits

Baseline Ventures has 66 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

Subscribe to see more

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

Subscribe to see more

Subscribe to see more

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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