Fundraising FoxSet Builders
Venture capitalActively deployingMenlo Park · 1 people tracked
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Fund manager profile
Set Builders is a venture fund manager based in Menlo Park. SEC filings show 2 venture funds on record, most recently Set Builders IV, L.P. filed December 2025.
Source: SEC EDGAR Form D filings. Firm website data not yet available.
Team · 1 people
from public directories
Lan Xuezhao is the founding general partner of Basis Set Ventures, a seed-stage firm with over $300M in assets under management that invests in machine learning and automation companies. She previously established and led corporate development strategy at Dropbox during a period in which the company completed more than 30 acquisitions, and before that advised Fortune 500 clients on big data, AI, and growth strategy at McKinsey in New York and Shanghai. Earlier, she founded a brain training games startup; she holds a Ph.D. in human brain function and an M.A. in statistics from the University of Michigan.
Fund performance · per public LP disclosures
as of Jun 2025| Fund | Vintage | Committed | Net IRR | TVPI | DPI |
|---|---|---|---|---|---|
| Set Builders II, LPLPs: California Public Employees' Retirement System | 2024 | — | — | 1.43x | 0.00x |
Source: public limited-partner disclosures (CalPERS, CalSTRS). Net IRR / TVPI / DPI as reported by the limited partner; a fund's early-year IRR is an interim estimate (J-curve).
Frequently asked questions
- Where is Set Builders located?
- Set Builders is headquartered in Menlo Park, US.