Home » Funds » B Capital Group closes latest fund at $143 million

B Capital Group closes latest fund at $143 million

B Capital Group, a Los Angeles, Calif. venture capital firm, just closed its fund, at over $143 million, according to a Form D filing with the U.S. Securities and Exchange Commission.

The filing shows that 18 investors participated in the offering of B Capital Fund, L.P. The document does not list any person related to the investment, FinSMEs reports.

B Capital Group is headed up by Facebook co-founder Eduardo Saverin, partner and co-founder Raj Ganguly, and principals Mike Fernandez, David Ng and Bryan Ciambella and has outposts in Los Angeles, San Francisco and Singapore.

The fund partners with Boston Consulting Group and its incubation arm, BCG Digital Ventures, to invest in startups in the consumer and e-commerce space with a global focus.

So far the fund has invested in Ninja Van, a Southeast Asia based last-mile logistics company for e-commerce delivery and return.

On his own, Saverin is known for investing in fashion and e-commerce startups like Orami, Hopscotch and ShopSavvy, so we’ll be watching out for some startups in the fashion tech space to appear soon in the new fund’s portfolio.

And the fund is #womenintech friendly as well. Out of its 13-person staff, there are five women.

By Ashley Paintsil

Comments

comments

Check Also

Anodot Raises Series B Funding, Looks Towards Further Expansion in 2018

Anodot, the AI-powered analytics company, today announced a Series B round, bringing its B funding …

CHANGES ARE COMING!

We are pleased to be introducing a new version of the FashInvest Newsletter – WWD’s FashInvest Newsletter. If you are a current newsletter subscriber you will receive this new version in the upcoming week. Our goal with this new edition is to provide you, our valued, FashInvest community an updated product to learn about the latest news as it pertains to emerging companies, starts-ups and the financial institutions shaping the future of the fashion industry. Our current and prospective subscribers will find useful information about what is happening at the epicenter of fashion and finance. We hope you find the new look fresh and modern with meaningful content. Stay on the lookout!