B Capital Closes $250M Early-Stage Fund Dedicated to Building the Economy of the Future

Ascent Fund supports dynamic founders around the world committed to transforming traditional industries and changing the way people live

NEW YORK--(BUSINESS WIRE)--B Capital, a global multi-stage investment firm, announced today the $250 million close of Ascent Fund II (“Ascent” or the “Fund”), its first dedicated early-stage fund.

B Capital’s core mission is to partner with extraordinary entrepreneurs to shape the future through technology. Ascent invests in pre-seed through series A rounds globally, with an emphasis on the U.S. and Asia.

The Ascent team was founded by Chair and General Partner Howard Morgan, firm Co-Founder and Managing Partner Eduardo Saverin, General Partners Gabe Greenbaum and Karen Page, and Partner 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 Mr. 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.

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.

About B Capital

B Capital is a multi-stage global investment firm that partners with extraordinary entrepreneurs to shape the future through technology. With $6.5 billion in assets under management across multiple funds, the firm focuses on seed to late-stage growth investments, primarily in the enterprise, financial technology and healthcare sectors. Founded in 2015, B Capital leverages an integrated team across eight locations in the US and Asia, as well as 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. For more information, click here.