B Capital collects $360m for venture fund, surpassing its target

fintech insurtech wealthtech regtech ai cybertech esg news
fintech insurtech wealthtech regtech ai cybertech esg news

Boston Consulting Group’s venture firm B Capital has collected $360m for its latest vehicle.

The vehicle was backed by both experts and entrepreneurs in the venture capital space. While the initial target was not disclosed, the firm states this fund has comfortably beat its original target.

B Capital parent company also backed the vehicle, and will aim to provide capital at the correct time in order to build and scale businesses.

The fund will have a laser focus on investing in digital technology businesses across the healthcare, financial services, insurance, industrial and consumer sectors.

B Capital co-founder Eduardo Saverin said, “We continue to strive to be a launch pad for entrepreneurs across a wide range of verticals and seek to provide our portfolio companies with the necessary resources and access to some of the most important business leaders.

“We are committed to helping the next generation of entrepreneurs deliver transformative technology to the world and are strategically positioned to disrupt the realm of venture investing.”

Co-founder Raj Ganguly added that the firm’s “experience building and scaling enduring businesses” has allowed it to “bridge an important gap connecting entrepreneurs in need of resources.”

The fund has so far backed 11 companies, including several FinTech companies. Earlier in the week, B Capital took part in the $50m Series D Icertis, a contract management company.

Other recent investments include the undisclosed funding in to SME loan provider Capital Match, and a $10m commitment to POS provider Mswipe’s $40m Series D. 

The firm operates from its offices in Los Angeles, San Francisco, New York and Singapore.

Copyright © 2018 FinTech Global

Enjoying the stories?

Subscribe to our daily FinTech newsletter and get the latest industry news & research


The following investor(s) were tagged in this article.