B Capital, the investment fund set up by Facebook cofounder Eduardo Saverin and Raj Ganguly formerly of Bain Capital, has closed $820 million in new funding to invest in growth-stage startups.
With a portfolio of nearly 30 companies in Asia, Europe, and the United States, this new fund brings the total assets under management by the firm to $1.44 billion. Some of the fund’s initial investments include scooter company Bird and Singaporean delivery firm Ninja Van.
“In a recessionary period the opportunities are rampant and it’s just an incredible moment,” Karen Appleton Page, general partner at B Capital told Business Insider in an interview. “Events like Covid have happened but startups are going to keep going they won’t sit on the sidelines. They’ve really sharpened their thinking on some different areas.”
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B Capital, a venture capital fund set up by Facebook cofounder Eduardo Saverin and Raj Ganguly formerly of Bain Capital, has closed $820 million vehicle to invest in growth-stage startups.
The fund wants to help companies across enterprise, fintech, health, and mobility at the Series B to D stage.
The fresh fund takes the group’s available capital to $1.44 billion. B Capital has …read more
Source:: Businessinsider – Tech