- B Capital secures $750M for second Opportunities Fund, nearly doubling its predecessor’s size.
- The fund will support existing portfolio companies and new ventures.
- B Capital’s partnership with BCG will provide portfolio companies access.
B Capital, co-founded by Facebook’s Eduardo Saverin, has secured $750 million for its second Opportunities Fund. The fund, nearly double the size of its predecessor, will invest in later-stage companies in the tech, healthcare, and climate tech sectors across North America and Asia.
The majority of the fund will support B Capital’s existing portfolio, including Carro, Kopi Kenangan, and VNG.
An ambitious partnership for next-level growth
The new fund will also back new ventures that can benefit from B Capital’s strategic partnership with the Boston Consulting Group. This collaboration grants B Capital’s portfolio companies access to BCG consultants and advisors worldwide.
Saverin emphasized the importance of leveraging their technology expertise and BCG’s support to propel high-performing companies to the next level.
Defying the odds
The Opportunities Fund II made its first investment in June 2023, a secondary purchase in US contract intelligence firm Icertis, a B Capital portfolio company since 2017. A diverse global base of sovereign wealth funds, family offices, and high-net-worth individuals participated in the fundraiser.
Despite economic challenges, VC firms targeting Southeast Asia and India raised a record-breaking $13 billion last year, surpassing the combined total raised in 2021 and 2022.
In addition to the Opportunities Fund II, B Capital closed a $2.1 billion growth fund and a $500 million global healthcare fund last year and also welcomed a new venture partner to its climate team.
To read the original article: https://www.techinasia.com/eduardo-saverin-b-capital-closes-fund-750m
