Facebook Co-Founder Eduardo Saverin's VC Firm B Capital Group Raises $406 Mn for New Fund

Facebook Co-Founder Eduardo Saverins VC Firm B Capital Group Raises $406 Mn for New Fund

  • Facebook co-founder Eduardo Saverin 's global venture capital firm B Capital Group, which has also backed India-focused startups including packaging solutions startup Bizongo, mobile point-of-sale service provider Mswipe, logistics startup Blackbuck, and global contract management firm Icertis, has raised $406 million as the first closing of its second fund, showed documents filed on Friday with the US Securities and Exchange Commission (SEC).
  • The Boston Consulting Group-backed B Capital invests in business-to-business startups across four areas - financial services, health and wellness, industrial and transportation and consumer enablement.
  • B Capital usually invests up to $20 million in Series B and C rounds and has offices in Los Angeles, San Francisco, New York, and Singapore.
  • B Capital had reportedly invested Rs 220 crore in Ratan Tata-backed Mswipe in March this year along with Falcon Edge, Epiq Capital, and DSG Consumer Partners.

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