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Black Venture Capitalist

This Black Venture Capitalist sold his former company for $100 Million

in All Posts/Black Money by

Adeyemi (“Ade”) Ajao is co-founder & Managing Partner at Base10 Partners, an early stage venture capital fund.

Ade Ajao

Black Venture Capitalist

Base10 recently made news for raising $137 million, the most money ever raised by a Black-led  venture capital fund.

Before Base10, Ade was a co-founder of Tuenti (The “Spanish Facebook”). He launched Tuenti in 2005 and in 2010, it was acquired by Spanish telecommunications giant, Telefonica $100m.

Black Venture Capitalist

Ade was also co-founder of Identified (acquired by Workday in 2014 for an unspecified amount) and a founding investor of Cabify, the largest ride sharing company in Latin America. Cabify is currently valued at over $1 Billion.

As an angel investor, Ade has participated in more than 40 deals including companies like Dollar Shave Club (acquired by Unilever), RelateIQ (Acquired by Salesforce), Jobr (Acquired by Monster), Instacart and Reflektive.

Joaquin Ayuso de Paul, Ade’s co-founder from Tuenti once stated, “He is the guy that trusted me to be his copartner on Tuenti.com project. He is the mastermind behind the social network idea and concept.”

Ade volunteers with CODE2040 to create access, awareness and opportunities for gifted Black and Latin engineering talent.

– Tony Oluwatoyin Lawson (IG @thebusyafrican)

 


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