B Capital Closes Its Second Fund At $820 Million

B Capital Group announced the close of its $820 million second fund, to invest in growth-stage startups transforming large industries and scaling rapidly. 

The new fund brings the entire assets under management by the firm to a valuation of $1.44 billion. B Capital Group is a global firm that specializes in equity investing in venture and growth-stage startups that have achieved traction with customers.

The six-year old company encompasses a portfolio of nearly 30 companies in Asia, Europe and the United States and has itself established as an investor, partnering with portfolio companies to solidify operations, support business development and hiring and growth.

The new fund comes at a time when COVID-19 has thrust the globe into a new digital age, exposing areas, methods and strategies that require to be rethought and reconsidered.

B Capital's Co-founder and Managing Partner, Raj Ganguly expressed his thoughts on how although technology is already embedded in nearly every sector and aspect of daily life, the last three months have shown the firm that there's still extensive unmet need when it comes to digitization. He also added that he believes that the next ten years will see a major shift in innovation as entrepreneurs continue to examine industries and practices from new angles and find new and different ways to accelerate connectivity between systems, companies and people.

Recently, the company had announced investments in several new companies, and has been a backer of startups in the Indian ecosystem including Synack, a crowdsourced cybersecurity testing platform powered by skilled ethical hackers and Khatabook, the Bangalore-based startup SME bookkeeping platform.

Founded in 2014 by Silicon Valley investor Raj Ganguly and Facebook Co-founder Eduardo Saverin, B Capital Group invests in B2B and B2B2C companies in sectors across Enterprise technology, Fintech, Healthcare Tech, Consumer enablement technology and Transportation and Logistics. Through its huge global network and exclusive partnership with The Boston Consulting Group, B Capital helps provide high growth startups a navigation in business challenges, help raise capital and attract talented leaders at key points of their journeys to scale. It helps connect entrepreneurs and corporates to explore mutually-beneficial relationships that apply cutting-edge technologies at scale. With the company offices in San Francisco , New York, Los Angeles and Singapore, B Capital believes innovation can come from anywhere anytime. The company’s has a unique multinational presence and deep industry knowledge. The firm typically comes up with investments between $10 and $60 million in companies at Series B, C and D funding rounds. At a time when a pandemic has hit the world, when companies of all sizes are struggling and there is economic uncertainty, thin margins and major challenges, B Capital looks to take a foothold in companies that have a competitive edge due to superior technology, strong customer value-proposition and thus the power to scale rapidly into new sectors and regions.

The US and Singapore based investmentcompany counts AImotive, Atomwise, Blackbuck, Bounce, Bright.md, CXA, Evidation Health, Icertis, INTURN, Plastiq, Ninja Van, Notable Labs and SilverCloud Health as its portfolio companies.

Commenting on the fundraise, Eduardo Saverin said that when Raj and he founded B Capital Group, they were committed to building a firm that looks for innovation off the beaten path and technology and that has applications beyond just one region. We wanted to line a replacement standard for growth-stage investing. He also added that he is incredibly pleased with the team of investor-experts they've assembled and the companies they have partnered with. This fund validates the unique model and therefore the differentiated value the firm brings to its portfolio.

B Capital Group has experienced significant growth over the past year and has quite doubled the dimensions of its global team, bringing on several new partners and senior leaders aboard in its offices in San Francisco , Los Angeles, New York and Singapore, adding key roles in areas including investing, marketing and investor relation operations.

Ropes & Gray LLP represented B Capital Group in the fundraising.