B Capital raises $750M for its second fund Opportunities Fund II
The Opportunities Fund II will make primary and secondary investments in later-stage companies across technology, healthcare, and climate tech sectors, with a focus on North America and Asia.
Global investment firm B Capital announced the close of its second fund, B Capital Opportunities Fund II, where it raised $750 million from private and public pension funds, family offices, high-net-worth individuals and sovereign wealth funds.
In a statement, the VC firm and the second fund is nearly double the size of its previous fund. The Opportunities Fund II will make primary and secondary investments in later-stage companies across technology, healthcare, and climate tech sectors, with a focus on North America and Asia.
With the second fund, B Capital will identify follow-on investment opportunities in its existing, high-performing portfolio companies.
It will also invest a portion in new investment opportunities, where its value-added capabilities, including its strategic partnership with the Boston Consulting Group, can have an immediate impact on the companies’ next phase of growth.
“With our value-add approach, we’re able to help the most innovative entrepreneurs and businesses scale at speed, expand their market reach and build industry-leading brands and companies,” Raj Ganguly, Co-founder and Co-CEO of B Capital said.
In June 2023, B Capital's second fund made its first investment through a secondary purchase in Icertis, an Indian-origin SaaS company, and existing B Capital portfolio company. Since first backing Icertis in 2017, B Capital has claimed to use its value-add platform to help the company connect with other strategic investors, expand into new markets, and explore organisational design structures.
Founded in 2015, B Capital has more than $6 billion in assets under management across multiple funds and focuses on seed to late-stage venture investments. In India, it has funded leading Indian startups, including , , , etc.
"In this challenging environment for many private tech companies, we are pleased to have nearly doubled the capital we have available to back the best founders in the B Capital portfolio and other entrepreneurs we have closely followed,” Eduardo Saverin, Co-founder and Co-CEO of B Capital, said.
Edited by Suman Singh
