FB Pixel no scriptB Capital Group closes its second fund at USD 820 million | KrASIA

B Capital Group closes its second fund at USD 820 million

Written by Ursula Florene Published on   1 min read

The firm founded by Eduardo Saverin now has USD 1.4 billion of assets under management.

Venture capital firm B Capital announced late Tuesday that it has completed the closing of its second fund, raising USD 820 million. This brings the group’s total assets under management to USD 1.4 billion, according to a company statement.

B Capital didn’t disclose the number of investors participating in this round. The first closing, which dates back to April 2019, reportedly saw 62 investors gather a total of USD 406 million.


The firm will use the funds to invest in growth-stage B2B startups that accelerate digitization in a post-pandemic world. “We believe the next ten years will see a major shift in innovation as entrepreneurs examine industries and practices from new angles and find ways to accelerate connectivity between systems, companies, and people,” said B Capital co-founder and managing partner Raj Ganguly.

Founded by Facebook co-founder Eduardo Saverin and Ganguly, B Capital invests in companies focusing on financial services, health care, transportation, and logistics. Since its inception in 2014, it added nearly 30 portfolio companies across Asia, Europe, and the United States. Recent investments include Bangalore-based SaaS startup Khatabook and Indonesian coffee startup Kopi Kenangan.

While B Capital has a global reach, Asia has been a priority. “Asia is leading the world in digital innovation and is a mobile-first economy,” said Kabir Narang, general partner and co-head for Asia.


Auto loading next article...