It raised $143.6 million a year ago and has secured capital commitments from 29 investors so far. The fund has no target amount listed. B Capital has partnered with the Boston Consulting Group and its incubation arm BCG Digital Ventures.
B Capital Group has offices in Los Angeles, San Francisco and Singapore, and was founded by Rajarshi Ganguly and Saverin, who moved to Singapore in 2011. It invests in financial services, healthcare, and transportation industries worldwide.
According to the fund, its investment themes are financial services, healthcare, and transportation industries worldwide. It aims to bridge the gap between corporations and technology-enabled startups, and targeting those ventures with at least $5 million in revenue per annum. A LinkedIn post by Saverin and Ganguly notes that “many investments across India and Southeast Asia have been focused around early-stage,” translating to their focus on growth funding.
B Capital’s last two investments were both healthcare ventures. These were an $8.1 million Series A round in Silvercloud Health and a $25 million investment in the CXA Group that it co-led with EDBI, the investment arm of Singapore’s Economic Development Board. Another Singapore-based portfolio company of the firm is logistics venture Ninja Van.
Healthcare has emerged as a safe haven investment for private equity players, with growing demand among the region’s emerging middle class, coupled with ageing demographics across East Asia, driving prospects in the healthcare and medical technology sectors.