# B Capital: portfolio, investments and team

> B Capital is a vc firm based in United States. 495 investments on record, 88 in the last 12 months, latest Oct 2026. Portfolio, stages, co-investors and team.

Source: https://millionrounds.com/fund/b-capital (Millionrounds; every figure on the page links to its filing or article)

United States · [Investor](https://millionrounds.com/investors)

# B Capital

Last cheque observed Oct 2026; 495 cheques on record.

Email

Deploying now New fund $754M, Mar 2024 VC firm

Pre-seed Seed Series A AI & Machine Learning Artificial Intelligence & Machine Learning (AI/ML) Consumer

Follow B Capital and see its new cheques in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Ffund%2Fb-capital)

Deploying now

**77%** of best year **88** **cheques in 12 months**, 495 on record

Since the last cheque **4** days **00** hrs **00** min **00** sec

Median round **$14M** Cheque size, as they say **$100K – $60M** Rounds led **14 of 495** Sole investor **96 rounds** Exits **1 from the portfolio** Mostly in **United States, 85%**

Pitch B Capital

## B Capital highlights

- 01 88 cheques in the last 12 months
- 02 Mostly Venture and Series A: 50% of its rounds
- 03 Sole investor in 96 rounds, median $6.4M
- 04 1 exits from the portfolio

## What they do

- **Type:** VC firm (from a list, unverified)
- **Cheque size:** $100K – $60M as they say
- **Stages:** Pre-seed Seed Series A Series B Growth Pre-IPO
- **Sectors:** AI & Machine Learning Artificial Intelligence & Machine Learning (AI/ML) Consumer
- **Based in:** Los Angeles, United States
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **495 appearances**

- **2026** 67 rounds
- **Oct** **[Hyphenate](https://millionrounds.com/company/hyphenate)** Series A · US · Google News search **$45M** With 4 others
- **Oct** **[Dream Labs](https://millionrounds.com/company/dream-labs)** Seed · US · Google News search **$90M** *Led*
- **Oct** **[Labelbox](https://millionrounds.com/company/labelbox)** Series E · US · AI Insider **$100M** With 5 others
- **Oct** **[Sonilo](https://millionrounds.com/company/sonilo)** US · Digital Music News **$11M** *Led*
- **Oct** **[PaleBlueDot AI](https://millionrounds.com/company/palebluedot-ai)** Series C · US · TechStartups **$200M** With 1 other
- **Sept** **[Precision Neuroscience](https://millionrounds.com/company/precision-neuroscience)** Growth · US · AlleyWatch **$250M** With 12 others
- **Sept** **[Carro](https://millionrounds.com/company/carro)** Venture · US **Undisclosed** With 4 others
- **Sept** **[Tiny Health](https://millionrounds.com/company/tiny-health)** Series B · US **$33M** With 4 others
- **Sept** **[Angel Eye Health](https://millionrounds.com/company/angel-eye-health)** Venture · US **$10M** Sole investor
- **Sept** **[Fervo Energy](https://millionrounds.com/company/fervo-energy)** Grant · US **$20M** With 4 others
- **Sept** **[Teram](https://millionrounds.com/company/teram)** Seed · US **$37M** With 2 others
- **Aug** **[Fazz](https://millionrounds.com/company/fazz)** Venture · SG **$13M** With 4 others
- **Jul** **[Extellis](https://millionrounds.com/company/extellis)** Seed · US **$6.8M** Sole investor
- **Jul** **[ChipAgents](https://millionrounds.com/company/chipagents)** Series A · US **$60M** With 2 others
- **Jul** **[Kaon](https://millionrounds.com/company/kaon)** Series B · US **$60M** With 4 others
- **Jul** **[Sofab](https://millionrounds.com/company/sofab)** Seed · US **$6.0M** With 2 others
- **Jul** **[Cue Biopharma](https://millionrounds.com/company/cue-biopharma)** US **$50M** With 1 other
- **Jul** **[PaleBlueDot AI](https://millionrounds.com/company/palebluedot-ai)** Debt · US **$255M** Sole investor
- **Jul** **[Flourish Health](https://millionrounds.com/company/flourish-health)** Series A · US **$26M** With 1 other
- **Jun** **[Cadence](https://millionrounds.com/company/cadence)** Series C · US · Ventureburn **$100M** With 7 others
- **Jun** **[Flutterwave](https://millionrounds.com/company/flutterwave)** NG · Disrupt Africa **$250M** With 5 others
- **Jun** **[NRx Pharmaceuticals](https://millionrounds.com/company/nrx-pharmaceuticals)** US **$22M** Sole investor
- **Jun** **[Taysha Gene Therapies](https://millionrounds.com/company/taysha-gene-therapies)** US **$200M** With 4 others
- **Jun** **[Seltz](https://millionrounds.com/company/seltz)** Seed · US **$13M** With 3 others
- **May** **[Havoc](https://millionrounds.com/company/havoc)** Series A · US · Outlander VC **$100M** With 17 others
- **May** **[SolarSquare](https://millionrounds.com/company/solarsquare)** Series C · IN · Silicon Canals **$58M** *Led*
- **May** **[Star Catcher Industries](https://millionrounds.com/company/star-catcher-industries)** Series A · US · Ventureburn **$65M** *Led*
- **May** **[Lambda](https://millionrounds.com/company/lambda)** Debt · US · Firms' own news pages **$1.0B** With 5 others
- **May** **[OpenAI Deployment Company](https://millionrounds.com/company/openai-deployment-company)** Growth · US **$4.0B** With 2 others
- **May** **[EeroQ](https://millionrounds.com/company/eeroq)** Venture · US **Undisclosed** With 2 others
- **May** **[Sipmargs](https://millionrounds.com/company/sipmargs)** Venture · US **Undisclosed** Sole investor
- **Apr** **[Astra Exploration](https://millionrounds.com/company/astra-exploration)** CA **$11M** Sole investor
- **Apr** **[Kairos](https://millionrounds.com/company/kairos)** Venture · US **$1.6M** With 1 other
- **Mar** **[Knox Systems](https://millionrounds.com/company/knox-systems)** Series A · US · Ventureburn **$25M** *Led*
- **Mar** **[ORO Labs](https://millionrounds.com/company/oro-labs)** Series C · US · Ventureburn **$100M** With 5 others
- **Mar** **[Aonic](https://millionrounds.com/company/aonic)** Series A · MY · Ventureburn **$10M** With 3 others
- **Mar** **[MOZARK](https://millionrounds.com/company/mozark)** Series B · SG **$40M** With 3 others
- **Mar** **[Axiom](https://millionrounds.com/company/axiom)** Series A · US **$200M** With 5 others
- **Mar** **[Numerion Labs](https://millionrounds.com/company/numerion-labs)** Series D · US **$20M** With 3 others
- **Mar** **[Palisade Bio](https://millionrounds.com/company/palisade-bio)** US **$3.0M** With 4 others

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

## The team

Named by the firm itself, on a filing, its Form ADV or its company registration **5 named**

EL **Eduardo Luiz Saverin** Co-Founder and Co-Chief Executive Officer i Form ADV

ES **Elizabeth Studer Wahab** Global Chief Operating Officer i Form ADV

NB **Nicholas Bernardo** Managing Member of the General Partner i Filing they signed

RG **Rajarshi Ganguly** Co-Founder and Co-Chief Executive Officer i Form ADV

TJ **Theodore James Hill** Chief Financial Officer i Form ADV

We also hold **77** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.

## What the register says

From the firm's own filings with the SEC, which it must file accurately by law

**$8.2B** gross assets of its funds Oct 2026

**Exempt** reporting adviser venture or small private funds

- **Legal name:** B Capital Group Management, L.P.
- **SEC number:** CRD 287986

Who backs their funds

## 1 LP on record in B Capital's funds

- **Committed:** $240M
- **Funds:** 1
- **Vintages:** 2024

The institutions that put money into its funds, which the firm then invests in companies. Source: the pension's own report, latest Mar 2026.

- [**California Public Employees' Retirement System (CalPERS)** 1 fund *$240M*](https://millionrounds.com/fund/california-public-employees) Fund Vintage Committed B Capital Opportunities Fund II 2024 $240M

## Exits from the portfolio

Companies it backed that were later bought or listed **1 in all**

**[PreCision Dermatology](https://millionrounds.com/company/precision-dermatology)** Bought by Valeant Pharmaceuticals International **$500M** Feb 2014

An exit counts when it came after the firm's first round in the company. From historical deal records.

New fund on file

**$754M**

raised in Mar 2024

From its SEC filing, not a journalist: a firm that has just raised has money to deploy.

## The cheque

Pre-seed Seed Series A

Median round joined **$14M** the round, not its cheque Alone, median **$6.4M**

Led 14 of 495 rounds **3%**

- **Said size:** $100K – $60M
- **Sole investor:** 96 rounds
- **Last cheque:** Oct 2026
- **Exits:** 1 from the portfolio

Rounds by stage said on their site

- Venture *105*
- Series A said *99*
- Seed said *71*
- Series B said *68*
- Series C *43*
- Debt *26*
- Pre-seed said *-*

Cheques by month Led Joined

Nov 2023 Oct 2026

Often in the room with

- [Collab Capital](https://millionrounds.com/fund/collab) 37
- [Alumni Ventures](https://millionrounds.com/fund/us-strategic-tech-fund-an-alumni-ventures-fund) 30
- [Y Combinator](https://millionrounds.com/fund/y-combinator) 29
- [Gaingels](https://millionrounds.com/fund/gaingels) 23
- [Google for Startups](https://millionrounds.com/fund/google-for-startups) 16
- [Techstars](https://millionrounds.com/fund/techstars) 15

**Pitching B Capital?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque.

Add to your CRM *→*

## Who they invest alongside

The investors most often in the same rounds as B Capital. A count of rooms they were both in, not a relationship either has claimed.

[**Collab Capital** VC firm **37** rounds together](https://millionrounds.com/fund/collab)[**Alumni Ventures** VC firm **30** rounds together](https://millionrounds.com/fund/us-strategic-tech-fund-an-alumni-ventures-fund)[**Y Combinator** Accelerator **29** rounds together](https://millionrounds.com/fund/y-combinator)[**Gaingels** Private equity **23** rounds together](https://millionrounds.com/fund/gaingels)[**Google for Startups** Accelerator **16** rounds together](https://millionrounds.com/fund/google-for-startups)[**Techstars** VC firm **15** rounds together](https://millionrounds.com/fund/techstars)[**Korea Development Bank** Government **12** rounds together](https://millionrounds.com/fund/korea-development-bank)[**Lightspeed Venture Partners** VC firm **11** rounds together](https://millionrounds.com/fund/lightspeed-venture-partners)[**Industrial Bank of Korea** VC firm **10** rounds together](https://millionrounds.com/fund/industrial-bank-of-korea)[**Korea Investment Partners** VC firm **10** rounds together](https://millionrounds.com/fund/korea-investment-partners)[**General Catalyst** VC firm **9** rounds together](https://millionrounds.com/fund/general-catalyst)[**Insight Partners** VC firm **9** rounds together](https://millionrounds.com/fund/insight-venture-partners)

## Recently backed

The latest companies B Capital put money into.

[**Hyphenate** $45M · Oct 2026](https://millionrounds.com/company/hyphenate)[**Labelbox** $100M · Oct 2026](https://millionrounds.com/company/labelbox)[**PaleBlueDot AI** $200M · Oct 2026](https://millionrounds.com/company/palebluedot-ai)[**Precision Neuroscience** $250M · Sept 2026](https://millionrounds.com/company/precision-neuroscience)[**Carro** Sept 2026](https://millionrounds.com/company/carro)[**Tiny Health** $33M · Sept 2026](https://millionrounds.com/company/tiny-health)

## On podcasts

5 episodes naming B Capital in the title, and 4 more that mention it.

- [Sourcery](https://millionrounds.com/podcasts/sourcery) 30 Jan 2026 · 1h 8m Exclusive: Brex’s $5.15B Capital One Acquisition | CEO Pedro Franceschi With [Pedro Franceschi](https://millionrounds.com/person/pedro-franceschi) Mentions [B Capital](https://millionrounds.com/fund/b-capital)[Capital One](https://millionrounds.com/fund/capital-one) Apple PodcastsShow page
- [Growth Investor](https://millionrounds.com/podcasts/growth-investor) 3 Jul 2024 · 28 min Leading Multi-Stage Healthcare Investor: B Capital’s Dr. Robert Mittendorff With [Robert Mittendorff](https://millionrounds.com/person/robert-mittendorff) Mentions [B Capital](https://millionrounds.com/fund/b-capital)[Norwest Venture Partners](https://millionrounds.com/fund/norwest) Apple PodcastsShow page
- [Growth Investor](https://millionrounds.com/podcasts/growth-investor) 27 Mar 2024 · 25 min Best-in-class Investor: B Capital’s Rashmi Gopinath With [Rashmi Gopinath](https://millionrounds.com/person/rashmi-gopinath) Mentions [B Capital](https://millionrounds.com/fund/b-capital) Apple PodcastsShow page
- [Turpentine VC](https://millionrounds.com/podcasts/turpentine-vc) 6 Dec 2023 · 54 min E16: Lessons From Co-Founding First Round, Idea Lab, and B Capital with Howard Morgan Mentions [B Capital](https://millionrounds.com/fund/b-capital)[Howard Morgan](https://millionrounds.com/fund/howard-morgan-mfcif)[First Round Capital](https://millionrounds.com/fund/first-round-capital) Apple PodcastsShow page
- [The Official SaaStr Podcast](https://millionrounds.com/podcasts/saastr) 3 Feb 2020 · 36 min SaaStr 305: Lessons From Scaling Box From 5 Employees To IPO & The Right Way For Startups To Approach Partnerships with Karen Page, General Partner @ B Capital Group With [Karen Page](https://millionrounds.com/person/karen-page) Mentions [B Capital](https://millionrounds.com/fund/b-capital) Apple PodcastsShow page

### Mentioned in

- [Upfront Ventures](https://millionrounds.com/podcasts/upfront-ventures) 20 Mar 2024 · 28 min VC OGs: Why The F We're Still Doing This | 2024 Upfront Summit Apple PodcastsShow page
- [Growth Investor](https://millionrounds.com/podcasts/growth-investor) 18 Oct 2023 · 20 min Tech Entrepreneur Polymath: Figment’s Lorien Gabel Apple PodcastsShow page
- [Growth Investor](https://millionrounds.com/podcasts/growth-investor) 26 Apr 2023 · 19 min The Cloud Maestro: Zesty CEO Maxim Melamedov Apple PodcastsShow page
- [Growth Investor](https://millionrounds.com/podcasts/growth-investor) 22 Mar 2023 · 23 min Transforming The Hiring Process At Scale: Fountain’s CEO Sean Behr Apple PodcastsShow page

## Quick answers about B Capital

### What does B Capital invest in?

B Capital invests most often at Venture and Series A (50% of the rounds on record), in sectors such as AI & Machine Learning, Artificial Intelligence & Machine Learning (AI/ML) and Consumer.

### How active is B Capital?

495 investments on record, 88 of them in the last 12 months, and it led 14. The most recent was in Oct 2026.

### What has B Capital invested in recently?

Its most recent investments on record: Hyphenate (Series A, Oct 2026), Dream Labs (Seed, Oct 2026) and Labelbox (Series E, Oct 2026).

### How big are B Capital's cheques?

The median round it joins is $14M. It says it writes cheques of $100K to $60M.

### Does B Capital lead rounds?

Sometimes: it led 14 of its 495 investments on record (3%).

### Where does B Capital invest?

Most of the companies it backs are in the United States (85%) and Singapore (5%).

### Is B Capital investing now?

Yes: it is actively investing, with 88 investments in the last 12 months.

### Who does B Capital invest alongside?

Most often Collab Capital (37 rounds together), Alumni Ventures (30 rounds together) and Y Combinator (29 rounds together).

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