At a Glance
B Capital is a venture capital firm based in Palo Alto, CA founded in 2015. We empower entrepreneurs to think bigger. Scale faster. Grow global. The firm focuses on Pre-Seed, Seed, Series A, Series B+ investments across sectors including Aerospace & Defense, Digital Health, Other, Consumer, Fintech. The firm manages $2.1B in assets under management. Notable portfolio companies include ByteDance, Icertis, Ninja Van, Red Ventures, Mindstrong, Bright Health and Udaan. Invests in technology companies across healthcare, fintech, and enterprise software, leveraging strategic partnerships with BCG and Facebook.
“Invests in technology companies across healthcare, fintech, and enterprise software, leveraging strategic partnerships with BCG and Facebook.”
Three co-founders run B Capital. Howard Morgan is co-founder, chair and general partner; Eduardo Saverin and Raj Ganguly are co-founders and co-chief executives, a shared-CEO structure that is unusual at this scale and maps onto the firm's split between Asian and US coverage. The team page lists 91 people across Doha, Hong Kong, Los Angeles, New York, San Francisco, India, Indonesia and Singapore, segmented by early versus growth stage and by energy, healthcare and technology expertise. The general partner bench includes Daisy Cai, Karan Mohla, Gabe Greenbaum, Andrew Jackson as chief AI officer, Jeff Johnson as global head of energy, Brandon Vongsawad as chief legal officer, and Elizabeth Wahab as global chief operating officer and head of investor relations. Adam Seabrook and Karly Wentz are partners, with Allen Duan and Don Wood as venture partners. A separate roster of BCG advisers sits alongside the investment team.
B Capital's Form D record shows a manager that scaled its fund line roughly tenfold in six years. B Capital Fund, L.P., formed in 2015, recorded a first sale on May 6, 2016 and had sold $143.6 million by that month, rising to $181.0 million across 29 investors by May 2017. Fund II filed in April 2019 against a first sale of March 22 and stepped up through the year: $406.1 million sold at filing, $749.9 million by March 2020, and $821.8 million across 161 investors by June 2020. The growth franchise then took over. B Capital Global Growth III recorded a first sale on July 6, 2021, showed $1.111 billion sold in March 2022 and closed at $1.588 billion across 122 investors by January 2023, with Global Growth IV filing in July 2024. Around the flagship line sits a dense set of strategy vehicles: Ascent Funds II and III for early stage, Healthcare I and II, China I, Climate I, a MESA Venture Fund, a FinTech Growth Fund, Opportunities Funds I and II, and annual Watermark feeders from 2022 through 2026.
B Capital primarily invests at the Pre-Seed, Seed, Series A, Series B+ stages. This means they focus on companies that are at the earliest idea or prototype phase.
B Capital is headquartered in Manhattan Beach, CA. Many of their portfolio companies are also based in this region, though they invest across geographies.
B Capital focuses on investments in Aerospace & Defense, Digital Health, Other, Consumer, Fintech. Their portfolio reflects deep expertise and networks within these sectors.
B Capital's typical investment check size ranges from $. to $.. Actual amounts may vary based on the stage, sector, and specific opportunity.
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