B Capital
| Company type | Private |
|---|---|
| Industry | Venture capital |
| Founded | 2015 |
| Founder | Eduardo Saverin, Raj Ganguly |
| Headquarters | Manhattan Beach, California , United States |
Area served | United States, Southeast Asia, China |
Key people | Raj Ganguly (day-to-day management), Eduardo Saverin (investments), Howard L. Morgan (chairman) |
| Products | Venture capital funds (including Ascent Fund and healthcare-focused fund) |
| Website | www |
B Capital is a venture capital firm based in Manhattan Beach, California, United States. The company has formed a strategic partnership with the Boston Consulting Group (BCG).
In addition to its U.S. headquarters, B Capital maintains offices in Beijing, Hong Kong, and Singapore.
Background
Established in 2015 by Facebook co-founder Eduardo Saverin alongside Raj Ganguly, B Capital was created with a global investment strategy that prioritizes Southeast Asia and benefits from its alliance with BCG. While Ganguly oversaw day-to-day management, Saverin concentrated on investments, particularly targeting markets in Southeast Asia and India. The partnership with BCG enables portfolio companies to access consulting expertise and client connections, with BCG serving as a passive investor who provides guidance when requested.
By May 2016, B Capital had completed fundraising for its initial fund, exceeding $143.6 million, and had already invested in firms such as Ninja Van and Evidation Health.
In 2017, Howard L. Morgan, co-founder of First Round Capital, joined the company as chairman.
In April 2021, B Capital expanded into the Chinese market by recruiting a former partner from the SoftBank Vision Fund to lead its China operations. The firm views regulatory complexities as an opportunity to discover high-potential startups.
By July 2022, the firm raised $250 million for its first early-stage venture fund named the Ascent Fund, marking a strategic shift from predominantly later-stage investments.
In March 2023, B Capital secured $500 million dedicated exclusively to its inaugural healthcare-focused fund.