Global venture capital firm B Capital Group closed its second fund, at $820m.
B Capital aims to invest in growth-stage startups transforming large industries and scaling rapidly.
With a portfolio of nearly 30 companies in Asia, Europe and the United States, this new fund brings the total assets under management by the firm to $1.44 billion.
Founded in 2014 by co-Founder and Managing Partner Raj Ganguly and Facebook co-founder Eduardo Saverin, B Capital Group invests in B2B and B2B2C companies in Enterprise technology (including SaaS, infrastructure AI/ML and security), Fintech, Healthcare Tech, Consumer enablement technology, and Transportation and Logistics.
The firm typically invests between $10 and $60 million in companies at Series B, C and D stages that are positioned for rapid expansion, partnering with portfolio companies to solidify operations, support business development and hiring, and hypercharge growth.
B Capital Group has experienced growth over the past year, adding key roles in areas including investing, operations and the company’s platform team, which partners with portfolio companies and provides support in areas including strategy and operations, business development and corporate partnerships, talent acquisition and capital formation.
The firm, which has offices in San Francisco, Los Angeles, New York and Singapore, recently announced investments in several companies new to the portfolio, including Synack, a crowdsourced cybersecurity testing platform powered by the world’s most skilled ethical hackers, and Khatabook, the Bangalore-based startup that digitizes local businesses through bookkeeping and online payments.
Portfolio companies also include AImotive, Atomwise, Blackbuck, Bounce, Bright.md, CXA, Evidation Health, Icertis, INTURN, Plastiq, Ninja Van, Notable Labs and SilverCloud Health.
FinSMEs
01/07/2020