Global venture capital firm B Capital announced the close of its third growth-stage fund, Growth Fund III, with a $2.1 billion corpus. With this new corpus, the fund will invest in startups worldwide, particularly in the US and Asia. The firm’s strategic partnership with Boston Consulting Group (BCG) and its strong on-the-ground presence in key geographies will enable it to provide its portfolio companies with targeted insights and expert advice.
Growth Fund III is the latest milestone for the Venture Firm as it positions itself to leverage its growth investing capabilities across the globe.
The fund includes companion funds that will be used to invest in startups worldwide, particularly in the US and Asia. This is B Capital’s third growth-stage fund, following the closure of its first dedicated early-stage fund, Ascent Fund II, in July 2019 with a corpus of $250 million.
The Impact of Growth Fund III from B Capital Group
Raj Ganguly, Co-founder and Managing Partner at B Capital, said, “This approach drives a high-performance investment model, which we will continue to apply to the Growth Fund III series. Our emphasis on value-add investing, supported by our platform advisors and strategic partnership with BCG, enables us to accelerate business development and growth across our portfolio.”
Eduardo Saverin, Co-Founder and Managing Partner at B Capital, added, “Our strategic partnership with Boston Consulting Group (BCG) and strong on-the-ground presence in key geographies enable us to provide our portfolio companies with
Targeted Insights and Expert Advice
With a focus on providing portfolio companies with targeted insights and expert advice, B Capital’s strategic partnership with Boston Consulting Group (BCG) and its strong on-the-ground presence in key geographies helps to accelerate business development and growth.
Growth Fund III will focus on transformative companies with the potential to generate meaningful impact. B Capital’s portfolio includes over 180 companies worldwide, with notable investments in India such as Pharmeasy, BYJU’S, Mswipe, Meesho, Bounce, and BlackBuck.
Founded in 2015, B Capital is a multi-stage investment company led by Howard Morgan, Sheila Patel, Eduardo Saverin and Raj Ganguly. The firm’s close of the Growth Fund III series marks another milestone in its journey and positions it to leverage its growth investing capabilities across the globe.
“B Capital is committed to helping entrepreneurs build the future through technology,” said Howard Morgan, Co-Founder, Managing Partner at B Capital. “Growth Fund III further strengthens our ability to support visionary founders with capital and resources as they scale their businesses.”
