B Capital's Latest Fund Closes at $750 Million
March 21, 2024, 9:41 am
B Capital Group
Location: United States, California, Los Angeles
B Capital, the brainchild of Facebook co-founder Eduardo Saverin, has sealed the deal on its second Opportunities fund, raking in a hefty $750 million. This fund, a double-up from the previous one, has attracted a diverse mix of investors, from private and public pensions to high-net-worth individuals and sovereign wealth funds. The focus? Late-stage companies in tech, healthcare, and climate tech, spanning across North America and Asia. The strategy? Backing exceptional founders early on and guiding them through their entrepreneurial journey with a value-add approach. With a keen eye on follow-on investments in high-performing portfolio companies, B Capital is ready to make waves in the startup ecosystem. In a challenging landscape for private tech companies, this fund injection is a beacon of hope for founders seeking support and growth opportunities. The vision? Leveraging technology expertise and strategic partnerships to propel these companies to new heights. In a nutshell, B Capital is not just investing money, but also a founder's mindset and a global business-building perspective.