Venture Capital Access Online logo
Venture Capital Access Online

B Capital Closes Opportunities Fund II at $750 Million

Share This Article

Venture Fund Focused on Later-Stage Growth Investments in Top-Performing, Companies Across Technology, Healthcare and Climate Tech

NEW YORK, March 19, 2024-- B Capital, a global multi-stage investment firm, today announced the close of B Capital Opportunities Fund II, L.P. (“Opportunities Fund II” or the “Fund”) with aggregate capital commitments of $750 million, nearly doubling the size of its predecessor B Capital Opportunities Fund I. The Fund received strong participation from both existing and new investors and represents a diverse global base of well-known private and public pensions, family offices, high-net worth individuals and sovereign wealth funds.

Opportunities Fund II will make primary and secondary investments in later-stage companies across B Capital’s core sectors of technology, healthcare and climate tech, with a focus on North America and Asia. The majority of the Fund will seek to identify follow-on investment opportunities in existing, high-performing B Capital portfolio companies. A portion of the Fund will also invest in new investment opportunities, where the firm’s value-added capabilities, including its strategic partnership with the Boston Consulting Group (“BCG”), can have an immediate impact on the companies’ next phase of growth.

“Our strategy is to back great founders early and to support them throughout their entrepreneurial journey. We are grateful for our investors, who enable us to continue to support our companies during a time when capital remains scarce,” said Raj Ganguly, Co-founder and Co-CEO at B Capital. “With our value-add approach, we’re able to help the most innovative entrepreneurs and businesses scale at speed, expand their market reach and build industry-leading brands and companies.”

“In this challenging environment for many private tech companies, we are pleased to have nearly doubled the capital we have available to back the best founders in the B Capital portfolio and other entrepreneurs we have closely followed,” said Eduardo Saverin, Co-founder and Co-CEO at B Capital. “We launched B Capital because of our long-term commitment to supporting founders throughout the company-building lifecycle. Our vision is to leverage our technology expertise and that of our strategic partner BCG to take these high-performing companies to the next level.”

In June 2023, the Fund made its first investment through a secondary purchase in Icertis, a leading contract intelligence company and existing B Capital portfolio company. Since first backing Icertis in 2017, B Capital has used its value-add platform to help Icertis connect with other strategic investors, expand into new markets and explore organizational design structures.

“We bring a founder’s mindset and a global business-building perspective to all of our portfolio company investments,” said Howard Morgan, General Partner and Chair at B Capital. “Our continued partnership with Icertis exemplifies our differentiated approach to accelerating value creation – from growing a best-in-class team and supporting business development initiatives to providing strategic financial guidance.”

About B Capital

B Capital is a multi-stage global investment firm that partners with extraordinary entrepreneurs to shape the future through technology. With more than $6 billion in assets under management across multiple funds, the firm focuses on seed to late-stage venture growth investments, primarily in the Technology, Healthcare and Climate Tech sectors. Founded in 2015, B Capital leverages an integrated team across nine locations in the U.S. and Asia, as well as the consulting expertise of its strategic partner, the Boston Consulting Group, to provide the value-added support entrepreneurs need to scale fast and efficiently, expand into new markets and build exceptional companies.

For more information, click here.

Contact:
Media
Jonathan Keehner / Tim Ragones / Erik Carlson
Joele Frank, Wilkinson Brimmer Katcher
212-355-4449

News Index
Venture Capital Database | Private Equity Database
VCPro Database

VCPro Database 2024

2024 New Edition Now Available!

Price: $119.5 (includes a free mid-year update in July 2024)

Easily access venture capital with the affordable VCPro Database 2024: the premier directory for venture capital and private equity.