B Capital

Venture Capital and Private Equityb.capital

B Capital is a global multi-stage venture capital firm managing $12+ billion across Technology, Healthcare, and Energy & Resilience sectors, serving early-to-late-stage founders through 9 global offices and a strategic BCG partnership.

Company typePrivate
Founded2015
HeadquartersManhattan Beach, United States
Headcount101–250
GTM typeB2B
OfferingServices

What B Capital does

B Capital is a global multi-stage venture capital firm founded in 2015 by Eduardo Saverin (Facebook co-founder) and Raj Ganguly. The firm manages $12+ billion in assets under management across dedicated early-stage and growth-to-late-stage funds, backing 200+ portfolio companies in Technology (enterprise software, fintech, AI), Healthcare (health-tech, digital health, biotech, medtech), and Energy & Resilience sectors. B Capital operates from 9 global offices spanning San Francisco (headquarters), Singapore (APAC regional HQ), Doha (Middle East regional HQ), Los Angeles, New York, Austin, and Hong Kong, with a team of 100+ employees led by Co-CEOs Saverin and Ganguly alongside Chair & General Partner Howard Morgan (co-founder of First Round Capital).

The firm's principal differentiation is its strategic partnership with Boston Consulting Group, which gives portfolio companies structured access to 11,000+ BCG consultants, 1,800+ advisors across Fortune 1000 corporations, and BCG's 100+ offices across 50+ countries via a Technology Advisor Program, BCG Engagements, and Commercial Business Development support. Revenue mechanics follow standard VC economics: management fees on committed AUM (industry-typical 1.5-2% annually) plus carried interest on realized fund returns. Recent fund activity demonstrates scale and momentum — Ascent Fund III closed at its $500 million hard cap in July 2026, oversubscribed and nearly double the $254 million predecessor fund, with 20+ investments already made.

B Capital has materially deepened its AI investing capability through senior hires — most notably GP Yan-David Erlich (former COO/CRO of Weights & Biases, former GP at Coatue Ventures) to lead the AI co-worker and infrastructure thesis — and has aggressively led large 2026 rounds in AI infrastructure, robotics, geothermal, and frontier tech (Apptronik $520M, Fervo Energy $462M, Lunar Energy $232M, PaleBlueDot AI $150M). The firm was also selected as an AMED-registered VC in Japan, formalizing its expansion into Japanese biotech and pharma commercialization.

B Capital firmographics

Firmographics

Name: B Capital
Legal name: B Capital Group Management, LP
Website: https://b.capital
Company type: Private
Founded year: 2015
Operating status: Operating
Headcount range: 101–250 employees
Short description: B Capital is a global multi-stage venture capital firm managing $12+ billion across Technology, Healthcare, and Energy & Resilience sectors, serving early-to-late-stage founders through 9 global offices and a strategic BCG partnership.
Ownership category
akta.pro rank

B Capital industry classification

Industry

Product category: Venture Capital and Private Equity
NAICS: Other Financial Investment Activities (5239), Other Investment Pools and Funds (5259)
SIC: Investors, Nec (6799)
akta.pro primary industry: Early-Stage Venture Capital (Series A/B) (FSANAAAB)
akta.pro secondary industry: Late-Stage Venture Capital (Series C+) (FSANAAAC)

Keywords

Venture capital funds
Early-stage investing
Growth equity
Technology investments
Portfolio management

Where B Capital is headquartered

Location

Headquarters

HQ city: Manhattan Beach
HQ country: United States
HQ region: North America

Offices7 records

Markets served

B Capital business model

Business model

GTM type: B2B
Offering type: Services
Cost components: Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

Management Fees: Venture capital firms typically charge management fees on assets under management, typically 1.5-2% annually, to cover operational costs and investment sourcing.
Carried Interest (Performance Fees): VC firms earn carried interest typically 20% of profits above the hurdle rate from portfolio company exits, representing the primary revenue driver for fund performance.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

B Capital product offering

Product offering

Core offering

B Capital is a global multi-stage venture capital firm that invests capital from limited partners into early-stage (seed through Series B) and growth-to-late-stage portfolio companies across Technology, Healthcare, and Energy & Resilience sectors. Through its strategic partnership with Boston Consulting Group, B Capital supplements capital with operational advisory, corporate introductions, talent support, and capital advisory services to help portfolio companies scale across US and Asian markets.

Product overview

B Capital is a global multi-stage venture capital investment firm that does not offer products or services in the traditional SaaS/software sense. The firm provides venture capital funding and investment services across Technology, Healthcare, and Energy & Resilience sectors. Through its strategic partnership with Boston Consulting Group, B Capital offers portfolio companies access to advisory services, market expertise, talent acquisition support, and capital advisory. The firm manages assets through stage-based funds including early-stage funds (such as Ascent Fund III) and growth to late-stage funds, deploying capital into early and late-stage portfolio companies globally.

Differentiator

Problem solved

Functional benefit

Products and services

Ascent Fund III (Early-Stage Fund) Multi-stage venture capital fund focused on Seed, Series A, and Series B investments in early-stage technology, healthcare, energy, and frontier technology companies across North America and Asia. Limited partners commit capital and receive returns through fund exits and IPOs.
Growth to Late-Stage Investment Funds Dedicated stage-based venture capital funds providing growth to late-stage capital to companies across B Capital's Technology, Healthcare, and Energy & Resilience verticals. These funds complement the early-stage Ascent vehicles and enable B Capital to invest throughout the company-building lifecycle.
B Capital & BCG Platform Services Strategic advisory platform combining B Capital's integrated platform team with Boston Consulting Group's 11,000+ consultants, 1,800+ advisors across Fortune 1000 corporations, and 100+ offices across 50+ countries. Services include the Technology Advisor Program, BCG Engagements, and Commercial Business Development support provided to portfolio companies.

Quantifiable outcome

$12+ billion in assets under management
+2 more outcomes

Companies that use B Capital

Customer profile

Named customers8 records

Segments3 records

Ideal customer profiles3 records

B Capital technology and API

Technology

Technology focussed No

API detail

Has API: No
API docs
API detail

Core technology

AI maturity

App detail

B Capital partnerships and signals

Strategic signal

Partnerships

One partnership is on record.

Boston Consulting Group (BCG)coreStrategic or Co-development PartnerStrategic partnership providing B Capital portfolio companies access to BCG's global network of 11,000+ consultants, 1,800+ advisors across Fortune 1000 corporations, and operations in 100+ offices across 50+ countries. Services include Technology Advisor Program, BCG Engagements, and Commercial Business Development support for portfolio companies.

Scale indicators6 records

Recent moves6 records

Expansion highlights6 records

B Capital competitors and assessment

Company assessment

Broad incumbents

Sequoia Capital: One of the largest and most established multi-stage venture firms with global offices, investing across technology, healthcare, and energy. Direct comparison point as a top-tier multi-sector VC with multi-stage funds.
Andreessen Horowitz (a16z): Large multi-stage venture platform with dedicated bio/health, infrastructure, and AI funds; closest peer in scale, multi-sector strategy, and platform-services approach.
Insight Partners: Late-stage-heavy global investor in enterprise/AI software with strong ScalePlay and operational support. Comparable as a scale-up platform investor competing for growth rounds.
Kleiner Perkins: Heritage multi-stage venture firm investing across tech and healthcare with significant AUM. Comparable for cross-sector platform investing and stage diversification.
Coatue Ventures: Late-stage technology investor with prior B Capital GP Yan-David Erlich on Coatue's team; active in AI infrastructure and consumer/enterprise tech that overlaps B Capital's enterprise/AI focus.

Direct peers

General Catalyst: Multi-stage VC operating across technology, healthcare, and energy with strong applied-AI and resilience/climate theses. Closest direct competitor in stage diversification and sector mix.
Lightspeed Venture Partners: Multi-stage global VC with U.S., India, and Asia presence actively investing in AI, energy, and enterprise; overlapping portfolio companies (e.g., SolarSquare) make it a direct peer.
Accel: Long-standing multi-stage global VC with U.S., Europe, and India platforms investing in technology and consumer. Co-investor with B Capital in India deals (Bounce, Code Metal).
First Round Capital: Seed-stage focused venture firm co-founded by B Capital Chair Howard Morgan. Strong precedent peer given leadership overlap and identical seed/Series A focus.

Others

Temasek Holdings: Singapore-headquartered sovereign investor with significant growth/tech exposure; B Capital GP Jeff Johnson was previously a Temasek MD. Strategic LP and ecosystem counterpart.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

B Capital financial estimates

Financial estimate

Revenue estimate

Valuation estimate

B Capital leadership team

Management profile

Number of profiles

Profiles23 records

B Capital funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

B Capital M&A and investment

M&A and investment

M&A1 record

Investments346 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about B Capital

What does B Capital do?

Is B Capital a public or private company?

B Capital is a private company. It is classified as founder individual operated bootstrapped and is currently operating.

When was B Capital founded?

B Capital was founded in 2015. It employs 101 to 250 people.

Where is B Capital based?

B Capital is headquartered in Manhattan Beach, United States, in the North America region.

How does B Capital make money?

Two revenue lines are on record. Management Fees are the primary driver. The others are carried Interest (Performance Fees).

Who are B Capital's main competitors?

Broad incumbents on record are Sequoia Capital, Andreessen Horowitz (a16z), Insight Partners, Kleiner Perkins and Coatue Ventures. Direct peers are General Catalyst, Lightspeed Venture Partners, Accel and First Round Capital. Temasek Holdings is listed as an others.

Does B Capital have an API?

No public API is recorded for B Capital.

What industry is B Capital in?

B Capital's product category is Venture Capital and Private Equity. Its primary akta.pro industry code is FSANAAAB, Early-Stage Venture Capital (Series A/B), with a secondary code of FSANAAAC, Late-Stage Venture Capital (Series C+). Its NAICS code is 5239 and its SIC code is 6799.