Eduardo Saverin
B Capital, a global multi-stage investment firm founded by Facebook’s Singapore-based co-founder Eduardo Saverin, has announced the close of its B Capital Opportunities Fund II with aggregate capital commitments of US$750 million.
This nearly doubles the size of its predecessor Opportunities Fund I.
Also Read: SIRCLO acquires Eduardo Saverin-backed Indonesian parenting platform Orami
The Fund II received participation from both existing and new investors and represents a diverse global base of well-known private and public pensions, family offices, high net-worth individuals, and sovereign wealth funds.
Opportunities Fund II will make primary and secondary investments in later-stage companies across the VC firm’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 portfolio companies.
A portion of the Fund will also invest in new investment opportunities, where B Capital’s value-added capabilities, including its strategic partnership with the Boston Consulting Group, can have an immediate impact on the companies’ next phase of growth.
In June 2023, Fund II made its first investment through a secondary purchase of Icertis, a contract intelligence company in its portfolio.
Also Read: 10 highest-funded female-led startups in Southeast Asia
With over US$6 billion in assets under management across multiple funds, B Capital focuses on seed to late-stage venture growth investments, primarily in the technology, healthcare and climate-tech sectors. Founded in 2015, it has team members working across nine locations in the US and Asia.
The VC firm’s Southeast Asian portfolio companies include Carro, Kopi Kenangan, PayFazz, Ula, and Orami (acquired by SIRCLO).
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