B Capital closes $250M early-stage fund for Asia , US markets

Global multi-stage investment firm B Capital has announced the close of its first dedicated early-stage fund worth $250 million.

Ascent Fund II seeks to back extraordinary entrepreneurs to shape the future through technology. Ascent invests in pre-seed through Series A rounds globally, with an emphasis on the US and Asia markets.

The fund close is the latest milestone for B Capital, which recently announced a series of new hires and promotions to expand the firm’s executive team and support its growth.

The Ascent team was founded by Howard Morgan, Eduardo Saverin, Gabe Greenbaum, Karen Page, and Karan Mohla. 

Leveraging their decades of experience as active partners of early-stage companies, they target founders leading the next wave of innovation across digital healthcare, enterprise software, fintech and logistics, among other growing industries.

“Forty years of investing has taught me that early-stage founders have the best view of where the market is heading,” said Morgan. “Ascent allows us to work with these entrepreneurs to build great companies ahead of the curve.”

B Capital supports the growth of its portfolio companies through a range of value-added services and expertise. Its strategic partnership with Boston Consulting Group (BCG) enables B Capital to connect its portfolio companies to a global network of business leaders eager to partner with emerging technologies.

Founded in 2015, B Capital focuses on seed to late-stage growth investments, primarily in the enterprise, financial technology and healthcare sectors. It has $6.5 billion in assets under management across multiple funds.

B Capital leverages an integrated team across eight locations in the US and Asia and 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.