B Capital Group, a US and Singapore-based investment company have announced the closing of its second $820 million venture fund to invest in growth-stage startups that are disrupting large industries and quickly scaling up.
Founded in 2014 by Raj Ganguly, and Facebook co-founder Eduardo Saverin, B Capital Group invests in enterprise technology (including SaaS, AI / ML infrastructure, and security), fintech, healthcare technology, customer supporting technology, transport, and logistics into B2B and B2B2C businesses. The company usually invests between $10 and $60 million in Series B, C, and D businesses poised to grow rapidly.
Commenting on this Raj Ganguly, Co-founder and Managing Partner, B Capital said:
“Although technology is already embedded in nearly every sector and aspect of daily life, the last three months show us there is still extensive unmet need when it comes to digitization. We believe the next ten years will see a major shift in innovation as entrepreneurs examine industries and practices from new angles and find ways to accelerate connectivity between systems, companies, and people,
With a portfolio of nearly 30 companies in Asia, Europe, and the United States, this new fund, raises the firm’s total assets to $1.44 billion.
B Capital recently announced investments in several new portfolio companies, including Synack, a crowdsourced platform for cybersecurity research, and Khatabook, based in Bengaluru, which digitizes local businesses via bookkeeping and online payments.
This also includes the mobility business Bounce, the transportation firm BlackBuck, major Icertis, and Bizongo Software as a Service (SaaS), among its portfolio in Asia’s third-largest economy.