Facebook Billionaire Co-Founder Eduardo Saverin $12 Billion B Capital Raised $500 Million (Final Close) for 3rd Early-Stage Fund (B Capital Ascent Fund III) to Invest in Seed, Series A & Series B Funding in Next Generation Technologies (Healthcare, Enterprise, Energy, Next Frontier) with Focus on Key Innovation Hubs in North America & Asia
7th July 2026 | Hong Kong
Facebook billionaire co-founder Eduardo Saverin private equity firm B Capital ($12 billion AUM) has raised $500 million (Final close) for 3rd early-stage fund (B Capital Ascent Fund III) to invest in seed, Series A & Series B funding in next generation technologies (Healthcare, Enterprise, Energy, Next Frontier) with focus on key innovation hubs in North America & Asia. Announcement (6/7/26): “B Capital, a global multi-stage investment firm, today announced the final close of B Capital Ascent Fund III, L.P. (“Ascent Fund III” or the “Fund”) at its hard cap of $500 million in aggregate capital commitments. The Fund was oversubscribed and nearly doubled the size of its predecessor, B Capital Ascent Fund II, following strong support from both existing and new investors. The Fund will accelerate B Capital’s core mission to partner with extraordinary entrepreneurs to shape the future through technology. It will invest primarily in the Seed, Series A and Series B rounds of companies developing next-generation technologies across healthcare, enterprise, energy and the next frontier, with a focus on key innovation hubs in North America and Asia. B Capital believes AI is driving a new wave of innovation across every sector of the economy, creating opportunities for founders building the foundational technologies that will power the next generation of global industries. Ascent Fund III has already invested in more than 20 high-conviction companies across AI infrastructure, robotics, healthcare and frontier technologies. Since B Capital’s initial investments, companies including Apptronik, Havoc AI and Star Catcher have raised substantial follow-on financings to accelerate commercialization, expand manufacturing and scale next-generation technologies, underscoring B Capital’s focus on identifying high-conviction companies early in their growth trajectory. The successful close of Ascent Fund III follows the close of its predecessor fund, B Capital Ascent Fund II, in July 2022 with $254 million in capital commitments.” In 2025 November, B Capital raised $307 million for 3rd early-stage fund (B Capital Ascent Fund III). In 2024 April, B Capital hired $287 billion Singapore Temasek Managing Director of Sustainable Investing for North America Jeff Johnson as General Partner, and appointed Boston Consulting Group Global Chair Rich Lesser as Chair of Climate & Sustainability Senior Advisor. B Capital Eduardo Saverin: “As more businesses integrate climate into their strategies, Rich’s strategic direction and Jeff’s investment leadership will help us partner with and back the industry’s leading climate entrepreneurs.” In 2024 March, B Capital announced the close of B Capital Opportunities Fund II, L.P. (“Opportunities Fund II” or the “Fund”) with aggregate capital commitments of $750 million. In 2023 January, B Capital closed 3rd fund at $2.1 billion. B Capital is a multi-stage global investment firm led by Howard Morgan, Sheila Patel, Eduardo Saverin & Raj Ganguly. B Capital Group is a private equity firm co-founded in 2015 by converted-Singapore Citizen Eduardo Saverin, who is also one of Singapore’s richest man with around $28 billion personal fortune, and Raj Ganguly (Senior Advisor, Boston Consulting Group). B Capital – B Capital is a multi-stage global investment firm that partners with extraordinary entrepreneurs to shape the future through technology. With more than $12 billion in assets under management across multiple funds, the firm focuses on seed to late-stage venture growth investments, primarily in the Technology, Healthcare and Energy sectors. Founded in 2015, B Capital leverages an integrated team across nine locations in the US and Asia, as well as a strategic partnership with BCG, to provide the value-added support entrepreneurs need to scale fast and efficiently, expand into new markets and build exceptional companies. Select investments include Perplexity (AI-powered search and answer engine), Precision Neuroscience (minimally invasive brain-computer interface technology), Axiom (AI-powered math reasoning platform) and Fervo Energy (next-generation geothermal power).
“ Facebook Billionaire Co-Founder Eduardo Saverin $12 Billion B Capital Raised $500 Million (Final Close) for 3rd Early-Stage Fund (B Capital Ascent Fund III) to Invest in Seed, Series A & Series B Funding in Next Generation Technologies (Healthcare, Enterprise, Energy, Next Frontier) with Focus on Key Innovation Hubs in North America & Asia “
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Howard Morgan, Chair and General Partner at B Capital: “AI is creating extraordinary opportunities across every industry. We believe the Fund is well positioned to capture this moment through our deep sector expertise, strong investor relationships and global reach. Central to our approach is an investment philosophy grounded in the fundamentals: backing outstanding entrepreneurs early and being a true partner over the long term.”
Eduardo Saverin, Co-Founder and Co-CEO of B Capital: “We have entered a technology cycle that is reshaping industries and business models worldwide. The most meaningful opportunities will not come from technology alone, but from entrepreneurs applying AI to transform industries such as healthcare, enterprise, energy and the next frontier. With support from our own proprietary AI platform, this Fund will help founders turn bold, breakthrough ideas into enduring businesses with global impact.”
Raj Ganguly, Co-Founder and Co-CEO of B Capital: “We’re grateful for our limited partners’ continued confidence in B Capital as we closed Ascent Fund III at our $500 million hard cap. Their backing reflects a shared conviction that the next generation of market-leading companies will emerge as AI reshapes the world’s largest industries. This Fund advances our multi-stage platform, partnering with exceptional founders early and supporting them with capital and operational expertise at every phase of growth.”
Facebook Co-Founder Eduardo Saverin $9 Billion B Capital Raised $307 Million for Early-Stage Fund B Capital Ascent Fund III
11th November – Facebook co-founder Eduardo Saverin private equity firm B Capital ($9 billion AUM) has raised $307 million for early-stage fund B Capital Ascent Fund III. In 2024 April, B Capital hired $287 billion Singapore Temasek Managing Director of Sustainable Investing for North America Jeff Johnson as General Partner, and appointed Boston Consulting Group Global Chair Rich Lesser as Chair of Climate & Sustainability Senior Advisor. B Capital Eduardo Saverin: “As more businesses integrate climate into their strategies, Rich’s strategic direction and Jeff’s investment leadership will help us partner with and back the industry’s leading climate entrepreneurs.” In 2024 March, B Capital announced the close of B Capital Opportunities Fund II, L.P. (“Opportunities Fund II” or the “Fund”) with aggregate capital commitments of $750 million. In 2023 January, B Capital closed 3rd fund at $2.1 billion. B Capital is a multi-stage global investment firm led by Howard Morgan, Sheila Patel, Eduardo Saverin & Raj Ganguly. B Capital Group is a private equity firm co-founded in 2015 by converted-Singapore Citizen Eduardo Saverin, who is also one of Singapore’s richest man with around $28 billion personal fortune, and Raj Ganguly (Senior Advisor, Boston Consulting Group). B Capital – B Capital invests globally in extraordinary founders and businesses shaping the future through technology. With more than $9 billion in assets under management and dedicated stage-based funds, the firm focuses on seed to early- and late-stage venture growth investments, primarily in the technology, healthcare and resilience tech sectors. Founded in 2015, B Capital has an integrated, global team across nine locations in the U.S. and Asia. The firm’s value-add platform, together with the consulting expertise of its strategic partner, The Boston Consulting Group, provides entrepreneurs with the tools and resources to scale quickly and efficiently, expand into new markets and build market-leading businesses.
Facebook Co-Founder Eduardo Saverin $6 Billion B Capital Hires $287 Billion Singapore Temasek Managing Director of Sustainable Investing for North America Jeff Johnson as General Partner, Appoints Boston Consulting Group Global Chair Rich Lesser as Chair of Climate & Sustainability Senior Advisor
10th April 2024 – Facebook co-founder Eduardo Saverin private equity firm B Capital with $6 billion AUM (Assets under Management) has hired $287 billion Singapore Temasek Managing Director of Sustainable Investing for North America Jeff Johnson as General Partner, and appointed Boston Consulting Group Global Chair Rich Lesser as Chair of Climate & Sustainability Senior Advisor. B Capital Eduardo Saverin: “As more businesses integrate climate into their strategies, Rich’s strategic direction and Jeff’s investment leadership will help us partner with and back the industry’s leading climate entrepreneurs.” In 2024 March, B Capital announced the close of B Capital Opportunities Fund II, L.P. (“Opportunities Fund II” or the “Fund”) with aggregate capital commitments of $750 million. Announcement: “Opportunities Fund II will make primary and secondary investments in later-stage companies across B Capital’s core sectors of technology, healthcare and climate tech, with a focus on North America and Asia. The majority of the Fund will seek to identify follow-on investment opportunities in existing, high-performing B Capital portfolio companies. A portion of the Fund will also invest in new investment opportunities, where the firm’s value-added capabilities, including its strategic partnership with the Boston Consulting Group (“BCG”), can have an immediate impact on the companies’ next phase of growth.” B Capital is a multi-stage global investment firm that partners with extraordinary entrepreneurs to shape the future through technology. With more than $6 billion in assets under management across multiple funds, the firm focuses on seed to late-stage venture growth investments, primarily in the Technology, Healthcare and Climate Tech sectors. Founded in 2015, B Capital leverages an integrated team across nine locations in the U.S. and Asia, as well as the consulting expertise of its strategic partner, the Boston Consulting Group, to provide the value-added support entrepreneurs need to scale fast and efficiently, expand into new markets and build exceptional companies. The multi-stage global investment firm is led by Howard Morgan, Sheila Patel, Eduardo Saverin & Raj Ganguly. B Capital Group is a private equity firm co-founded in 2015 by converted-Singapore Citizen Eduardo Saverin, who is also one of Singapore’s richest man with around $28 billion personal fortune, and Raj Ganguly (Senior Advisor, Boston Consulting Group). More info below.
Facebook Co-Founder Eduardo Saverin B Capital in Talks to Raise $500 Million for Early Stage Venture Fund, Focusing on Seed & Series A Rounds in Enterprise Software, Healthcare, Fintech & Climate Technology
10th June 2023 – Facebook co-founder Eduardo Saverin private equity firm B Capital is in talks to raise $500 million for an early stage venture fund (3rd Ascent Fund), focusing on seed & Series A rounds and investing in enterprise software, healthcare, fintech and climate technology. Earlier in 2023 March, B Capital closed its first Healthcare Fund 1 with $500 million, having just closed its 3rd Fund of $2.1 billion in January 2023. B Capital Healthcare Fund 1 will invest in opportunities across the healthcare sector, from digital health to biotech, and is led by Robert Mittendorff, MD, General Partner & Head of Healthcare at B Capital. B Capital invests in transformative technology startups during their early expansion stage (Series B, C rounds), at which time a company is prepared for rapid growth and acceleration. The firm partners with technology companies ranging from seed to late-stage growth, primarily in the enterprise, fintech and healthcare tech sectors. The multi-stage global investment firm led by Howard Morgan, Sheila Patel, Eduardo Saverin & Raj Ganguly. B Capital Group is a private equity firm co-founded in 2015 by converted-Singapore Citizen Eduardo Saverin, who is also one of Singapore’s richest man with around $9 billion personal fortune, and Raj Ganguly (Senior Advisor, Boston Consulting Group). More info below.
Facebook Co-Founder Eduardo Saverin B Capital Closes Healthcare Fund 1 with $500 Million Closed 3rd Fund $2.1 Billion in January 2023
2nd March 2023 – Facebook co-founder Eduardo Saverin private equity firm B Capital has closed its first Healthcare Fund 1 with $500 million, haven just closed its 3rd Fund of $2.1 billion in January 2023. B Capital Healthcare Fund 1 will invest in opportunities across the healthcare sector, from digital health to biotech, and is led by Robert Mittendorff, MD, General Partner & Head of Healthcare at B Capital. B Capital: “The current B Capital global healthcare portfolio includes over 20 companies in the US, Asia and Europe, spanning early venture to late growth venture, across healthtech, digital health, biotech and medtech. Notably, the team co-led the latest round of investment in Hotspot Therapeutics, an AI-enabled drug discovery company, and led the latest round in Triumvira, a novel cell therapy platform in clinical development. The team also led the latest financing in CapitalRX, a transformative tech platform for pharmacy benefits management. In medtech, the team led the last round in Carlsmed, an AI-enabled personalized spinal implant company.” B Capital Group is a private equity firm co-founded by converted-Singapore Citizen Eduardo Saverin, who is also one of Singapore’s richest man with around $9 billion personal fortune, and Raj Ganguly (Senior Advisor, Boston Consulting Group) in 2015. B Capital was founded in 2015 and invests in transformative technology startups during their early expansion stage (Series B, C rounds), at which time a company is prepared for rapid growth and acceleration. The firm partners with technology companies ranging from seed to late-stage growth, primarily in the enterprise, fintech and healthcare tech sectors. The firm invests between $10 million to $50 million in each portfolio company, including reserves for future growth funding. In June 2020, B Capital Group closed its 2nd fund of $820 million, with the group totalling AUM of more than $1.4 billion. In January 2023, B Capital Group closed its 3rd fund of $2.1 billion, with the group totalling AUM of around $6.3 billion. In 2022 May, B Capital cancelled its plans to raise $300 million via a SPAC listing in United States, a filing initiated in February 2021 for B Capital Technology Opportunities Corp to the United States Securities & Exchange Commission. (SPAC ~ Special Purpose Acquisition Company)
Dr. Robert Mittendorff: “We are witnessing unprecedented innovation across the healthcare landscape. Technological advancements in biology, AI and automation are transforming the industry, with business models seeing the convergence of traditional players in novel ways. This moment presents a unique opportunity for B Capital to leverage our dedicated healthcare capital and active investment strategy to find and support companies advancing the healthcare sector.”
Howard Morgan, Chair & General Partner of B Capital: “B Capital has decades of collective operating experience in the healthcare industry and a deep technical focus that allows us to identify and support the best companies in the space. Our unique value-add approach to global venture and growth investment, including our strategic partnership with Boston Consulting Group (BCG), places founders and management teams front-and-center, surrounding them with resources they need to transform large markets through innovation and customer-focused solutions.”
Facebook Co-Founder Eduardo Saverin B Capital Closes 3rd Fund at $2.1 Billion, Founded in 2015 and Led by Howard Morgan, Sheila Patel, Eduardo Saverin & Raj Ganguly
21st January 2023 – Facebook co-founder Eduardo Saverin private equity firm B Capital has closed its 3rd fund at $2.1 billion, a multi-stage global investment firm led by Howard Morgan, Sheila Patel, Eduardo Saverin & Raj Ganguly. B Capital Group is a private equity firm co-founded by converted-Singapore Citizen Eduardo Saverin, who is also one of Singapore’s richest man with around $9 billion personal fortune, and Raj Ganguly (Senior Advisor, Boston Consulting Group) in 2015. B Capital was founded in 2015 and invests in transformative technology startups during their early expansion stage (Series B, C rounds), at which time a company is prepared for rapid growth and acceleration. The firm partners with technology companies ranging from seed to late-stage growth, primarily in the enterprise, fintech and healthcare tech sectors. The firm invests between $10 million to $50 million in each portfolio company, including reserves for future growth funding. In June 2020, B Capital Group closed its 2nd fund of $820 million, with the group totalling AUM of more than $1.4 billion. In January 2023, B Capital Group closed its 3rd fund of $2.1 billion, with the group totalling AUM of around $6.3 billion. In 2022 May, B Capital cancelled its plans to raise $300 million via a SPAC listing in United States, a filing initiated in February 2021 for B Capital Technology Opportunities Corp to the United States Securities & Exchange Commission. (SPAC ~ Special Purpose Acquisition Company)
Eduardo Saverin, B Capital Co-Founder & Managing Partner: “Since its inception, B Capital has been committed to investing in cutting-edge technology companies. Growth Fund III’s portfolio includes companies that are transforming their respective industries and generating meaningful impact. Our strategic partnership with Boston Consulting Group (BCG) and strong on-the-ground presence in key geographies enable us to provide our portfolio companies with targeted insights and expert advice. This multi-faceted, forward-thinking strategy lays a foundation for consistent portfolio company growth and firm success.”
Raj Ganguly, B Capital Co-Founder & Managing Partner: “Our emphasis on value-add investing, supported by our platform advisors and strategic partnership with BCG, enables us to accelerate business development and growth across our portfolio. This approach drives a high-performance investment model, which we will continue to apply to the Growth Fund III series.”
B Capital
B Capital is a multi-stage global investment firm that partners with extraordinary entrepreneurs to shape the future through technology. With $6.3 billion in assets under management across multiple funds, the firm focuses on seed to late-stage venture growth investments, primarily in the enterprise, financial technology and healthcare sectors. Founded in 2015, B Capital leverages an integrated team across nine locations in the US and Asia, as well as a strategic partnership with BCG, to provide the value-added support entrepreneurs need to scale fast and efficiently, expand into new markets and build exceptional companies.
B Capital was founded in 2015 and invests in transformative technology startups during their early expansion stage (Series B, C rounds), at which time a company is prepared for rapid growth and acceleration. The firm invests between $10 million to $50 million in each portfolio company, including reserves for future growth funding. In June 2020, B Capital Group closed its 2nd fund of $820 million, with the group totalling AUM of more than $1.4 billion. In January 2023, B Capital Group closed its 3rd fund of $2.1 billion, with the group totalling AUM of around $6.3 billion.
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