TLDR:
– B Capital Group, founded by Facebook billionaire Eduardo Saverin, raised $750 million for its late stage venture capital fund.
– The fund will primarily invest in technology, healthcare, and climate technology startups in the U.S. and Asia.
B Capital Group, led by Eduardo Saverin, has successfully raised $750 million for its late stage venture capital fund, The Opportunities Fund II. This new fund nearly doubled the amount raised by the firm’s previous fund in 2020. The fund will focus on investing in later-stage startups across technology, healthcare, and climate technology sectors in the U.S. and Asia. B Capital has also partnered with Boston Consulting Group to accelerate the growth of portfolio companies. The fund attracted a mix of existing and new investors, including pension funds, family offices, high-net worth individuals, and sovereign wealth funds.
Founded in 2016, B Capital currently manages over $6 billion in assets across multiple funds. The firm has previously invested in companies ranging from seed stage to late stage, with notable investments in Indian startups such as Byju’s and Meesho. Eduardo Saverin, with a net worth of $16 billion, continues to fuel his wealth primarily through his stake in Meta Platforms (formerly Facebook). Despite being a venture capitalist, his most valuable asset remains his ownership in the social media giant he co-founded in 2004.
