B Capital Group is a global, multi-stage venture capital firm founded in 2015 and headquartered in Los Angeles, with additional offices in San Francisco, New York, and Singapore. The firm was co-founded by Eduardo Saverin – one of Facebook's co-founders – and Raj Ganguly, a former partner at Boston Consulting Group. A third early partner, Howard Morgan, was also part of the founding team. The firm targets technology companies at the Series B stage and beyond, with a particular focus on enterprise software, fintech, healthcare technology, and sustainability-linked businesses across North America and Asia-Pacific.
By 2024, B Capital had raised over $6 billion in assets under management across multiple funds. Its flagship vehicles include an initial $360 million fund closed in 2017, a second fund of approximately $820 million in 2020, and a third flagship fund of $2.1 billion closed in 2022, alongside a separate $1.7 billion growth fund. The scale of its latest raises places B Capital firmly among the larger crossover-stage venture firms active globally. Its partnership with Boston Consulting Group – maintained since the firm's founding – gives portfolio companies access to strategic consulting resources, a differentiator the firm has cited in fundraising materials.
Notable Investments
- Icertis – enterprise contract intelligence platform, valued at over $2.8 billion as of 2022
- Ninja Van – Southeast Asian last-mile logistics network
- Farmer's Business Network – agricultural data and input marketplace
- GetYourGuide – online travel experiences marketplace based in Berlin
- Doctor Anywhere – Singapore-based digital health platform
- Uniphore – AI-powered customer experience automation
- Zeta – cloud-native banking technology platform
- Acko – Indian digital insurance company
- PatSnap – intellectual property intelligence SaaS platform
Public information on B Capital's crypto and blockchain-specific portfolio is limited. The firm has historically focused on fintech and enterprise software with digital-asset adjacent exposure rather than pure-play cryptocurrency protocols or exchanges. Its 11 recorded investments in the digital asset and blockchain category reflect selective participation rather than a dedicated Web3 thesis.
Team
Eduardo Saverin (General Partner) is Singapore-based and provides the firm with deep Asia-Pacific network access. His background as an early Facebook executive and angel investor – with early bets on companies such as Jumio and Viber – shaped the firm's cross-border growth focus. Raj Ganguly (General Partner and Co-CEO) leads strategic operations and has overseen the firm's expansion from a single fund to a multi-strategy platform. Further general partners and principals have joined from firms including Goldman Sachs and Andreessen Horowitz, though their names and specific mandates are not consistently disclosed in public filings. For the current team roster, see the firm's official website and its Crunchbase profile.
Recent Activity
In 2024 and into 2025, B Capital sharpened its focus on AI-native enterprise software and healthcare digitization, consistent with broader venture market trends. The firm participated in several growth-stage rounds for companies applying large language models to enterprise workflows. Its Asia-Pacific deal flow remained active, particularly in Southeast Asia where its Singapore anchor gives it a structural sourcing edge. No major exits or high-profile write-downs were publicly disclosed during this period, though the broader venture environment of 2023–2024 compressed valuations across the firm's growth-stage holdings, as it did for most crossover funds.
Geographic focus spans the United States and Southeast Asia primarily, with selected European positions. B Capital tends to write checks at the Series B through pre-IPO stages, often taking board or observer seats. For investors tracking digital asset exposure, B Capital represents a cautious, infrastructure-adjacent approach – one that prioritizes regulated fintech and enterprise software over speculative token projects. Its scale and BCG partnership make it a relevant signal when it does participate in a crypto-adjacent round, even if such deals remain a small share of its overall activity. Further verified deal data is available via Crunchbase and PitchBook.