B Capital: Saverin's growth giant pairing capital with BCG muscle

The firm

B Capital is a multi-stage global investment firm founded in 2015 by Facebook co-founder Eduardo Saverin and veteran investor Raj Ganguly (formerly of Bain Capital), led alongside chairman Howard Morgan. With more than $7 billion in assets under management across multiple funds, the firm invests from seed to late-stage growth, primarily in enterprise technology, fintech and healthcare tech, through an integrated team across nine locations in the US, Asia and the Middle East.

Thesis and sweet spot

B Capital's founding insight was that the most interesting innovation was happening off the beaten path — in Asia, in unglamorous industries, in companies that didn't fit the Silicon Valley mould. The firm targets B2B and B2B2C companies transforming large industries: enterprise software, AI/ML infrastructure, cybersecurity, fintech, healthtech and consumer-enablement tech. Stage focus is Series B through pre-IPO, with cheques typically between $10 million and $100 million (averaging $40–50 million), plus early-stage via the dedicated Ascent Fund and a $500 million healthcare fund. The signature value-add is an exclusive strategic partnership with Boston Consulting Group (BCG): portfolio founders get BCG's consulting muscle and client networks on demand — a genuine differentiator at growth stage.

Notable portfolio

B Capital's India book is a who's-who of breakout companies: Meesho, PharmEasy, BlackBuck, CoinDCX, Bizongo, Khatabook and MSwipe. Globally it has backed logistics major Ninja Van, population-health platform Evidation Health, crowdsourced cybersecurity tester Synack and AI-powered answer engine Perplexity. The third growth fund series closed at about $2.1 billion in January 2023 — more than double its predecessor — a signal of LP confidence even through the funding winter.

People

Eduardo Saverin (Co-Founder, Co-CEO) brings the founder-operator lens and a deep Southeast Asia and India network; Raj Ganguly (Co-Founder, Co-CEO) runs day-to-day investing with a growth-stage specialist's eye; chairman Howard Morgan (First Round Capital co-founder) adds four decades of venture experience. The investing team sits across San Francisco, New York, Los Angeles, Doha, Hong Kong and Singapore.

Programs and perks

There is no public accelerator or fixed credit program, but the BCG partnership functions as one of venture's strongest embedded perks: strategy advice, go-to-market support and warm introductions to enterprise customers, available whenever founders ask. The firm positions itself as a long-term, multi-round partner — it explicitly looks to back founders over several rounds rather than one-and-done.