B Capital closes $500 million fund
07 Jul 2026, 03:19 PMThe fund is nearly twice the size of Ascent Fund II, which closed at $254 million in 2022.
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Global venture capital firm B Capital, which has backed Indian startups such as Meesho, Dailyhunt and Blackbuck, has closed a $500 million fund, Ascent Fund III, to invest in startups across artificial intelligence, healthcare, energy, robotics and other emerging technology sectors in North America and Asia.
The fund is nearly twice the size of Ascent Fund II, which closed at $254 million in 2022, and will invest in companies from the seed stage through Series B.
Founded in 2015 by Eduardo Saverin, Ravi Ganguly and Howard Morgan, B Capital manages more than $12 billion in assets globally, investing across technology, healthcare, climate and enterprise software.
The firm said Ascent Fund III has already deployed capital in more than 20 companies, including Apptronik, Havoc AI and Star Catcher, spanning areas such as AI infrastructure, robotics and healthcare.
In India, B Capital has invested since 2016. Apart from the e-commerce, logistics and content space, it has also invested in applied AI, deeptech, precision manufacturing, and consumer businesses.
The latest close comes as venture investors continue to increase allocations to AI- and deeptech-focused startups, even as elevated valuations in parts of the technology market remain a concern.
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