# B Capital

> B Capital is a global, multi-stage investment firm backing technology-enabled companies from seed through late-stage growth. Founded in 2015 by Eduardo Saverin, Raj Ganguly and Howard Morgan, it manages more than $12 billion across stage- and sector-focused funds, with more than 200 portfolio companies in technology and AI, healthcare, and energy and resilience. Its distinguishing feature is an operating platform paired with a strategic relationship with Boston Consulting Group, designed to help portfolio companies find customers, hire leaders, enter markets, raise capital and scale across borders.

- **Founded:** 2015
- **Headquarters:** San Francisco, United States
- **Founders:** Eduardo Saverin (Co-Founder and Co-CEO), Raj Ganguly (Co-Founder and Co-CEO), Howard Morgan (Co-Founder, Chair and General Partner)
- **Team size:** Approximately 230 employees in supplied company data; B Capital's public team page listed 94 team members in August 2026.
- **Products:** Early-stage investing, Growth and late-stage investing, Healthcare investing, Energy and resilience investing, Portfolio platform
- **Notable:** Grew from a $360 million first fund to more than $12 billion in assets under management., Built a portfolio of more than 200 early- to late-stage companies across technology and AI, healthcare, and energy and resilience., Expanded to nine global locations across the United States and Asia.

## Products & services

- **Early-stage investing** — Seed, Series A and Series B capital for technology-enabled companies, including investments through the Ascent fund family.
- **Growth and late-stage investing** — Venture-growth capital for companies with commercial traction, plus follow-on support for later-stage portfolio businesses.
- **Healthcare investing** — Dedicated investment expertise across healthtech, digital health, biotechnology, medtech and AI-enabled drug development.
- **Energy and resilience investing** — Capital for commercially scalable energy, industrial and infrastructure technologies that improve resilience.
- **Portfolio platform** — In-house strategic, capital, talent and operational support, complemented by access to BCG expertise and networks when portfolio companies request it.
- **Capital advisory** — Guidance on fundraising, M&A preparation and strategic capital decisions for portfolio leaders.

## Achievements

- Grew from a $360 million first fund to more than $12 billion in assets under management.
- Built a portfolio of more than 200 early- to late-stage companies across technology and AI, healthcare, and energy and resilience.
- Expanded to nine global locations across the United States and Asia.
- Closed Growth Fund III and companion funds with approximately $2.1 billion in commitments in 2023.
- Committed more than $500 million to healthcare opportunities through Healthcare Fund I and Growth Fund III.
- Closed the oversubscribed Ascent Fund III at its $500 million hard cap in July 2026.
- Was selected as a registered venture capital firm under Japan's AMED pharmaceutical-startup program in 2026.

## Latest updates

- **2026-07** — Named Dr. Andrew Jackson General Partner and Chief AI Officer to lead AI across investing, portfolio management, operations and founder support.
- **2026-07** — Closed Ascent Fund III at a $500 million hard cap for seed through Series B investments across enterprise, healthcare, energy and frontier technology.
- **2026-07** — Published its investment rationale for SolarSquare, extending activity in distributed energy.
- **2026-06** — Announced investment in Cadence, a clinical AI company focused on chronic-disease care.
- **2026-04** — Selected as a registered VC by Japan's AMED to support pharmaceutical and biotech startups.
- **2026-01** — Published an enterprise-AI thesis arguing that integration, governance, distribution and organizational fit will determine where value is built next.
- **2025-10** — Convened more than 200 founders, investors and business leaders at its AGM and CEO Summit, organized around the theme 'Venture at AI Velocity.'

## Links

- Website: https://b.capital
- LinkedIn: https://www.linkedin.com/company/b-capital-group
- Twitter/X: https://twitter.com/BCapitalGroup
- Facebook: https://facebook.com/bcapitalgroup

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Profile page: https://yespress.io/b-capital
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Last updated: 2026-08-15