B Capital Group, a VC fund founded by Facebook co-founder Eduardo Saverin and Ex-Bain Capital executive Raj Ganguly, has announced the close of its second fund, an $820 million vehicle, to invest in growth-stage startups .
Launched five years ago (2014), B Capital now has total assets under management at $1.44 billion, with close of its second fund.
The San Francisco headquartered B Capital Group invests in B2B and B2B2C companies in Enterprise technology (including SaaS, infrastructure AI/ML and security), Fintech, Healthcare Tech, Consumer enablement technology, and Transportation and Logistics.
B Capital typically invests between $10 and $60 million in companies at Series B, C and D stages that are positioned for rapid expansion.
In most recent investments by B Capital bringing several new companies to the portfolio, the firm invested in Synack, a crowdsourced cybersecurity testing platform powered by the world’s most skilled ethical hackers, and Khatabook, the Bangalore-based startup that digitizes local businesses through bookkeeping and online payments.
Last year in April, B Capital invested in Bangalore-based Wicked Ride Adventure Services Pvt. Ltd, which operates ‘Bounce’ app, an online rental service for scooters and motorcycles. In the same month, the firm had closed $406 Million Fund.