B Capital Announces Third Managed Fund Worth 32 Trillion Rupiah

Multi-stage venture capital company B Capital announced the closing of its third managed fund (Growth Fund III) with an aggregate capital commitment of around $2,1 billion or approximately 32 trillion Rupiah. This is a follow-up achievement, after previously in 2022 they managed to close Ascent Fund II worth $250 million.

"Since its inception, B Capital has been committed to investing in cutting-edge technology companies around the world. Growth Fund III's portfolio includes companies that are changing their respective industries and making a significant impact," said B Capital Co-Founder & Managing Partner Eduardo Saverin.

Founded in 2015, B Capital is led by Howard Morgan, Sheila Patel, Eduardo Saverin, and Raj Ganguly. Leveraging the company's global experience with a team of experienced investors and platform advisors, they invest in technology companies from start to finish, especially in the enterprise solutions, fintech, and healthtech.

Currently, B capital has invested in startups in Africa, China, Europe, India and North America. and of course Southeast Asia.

Currently B capital has also entered into an exclusive strategic partnership with the Boston Consulting Group (BCG). This can be helpful in terms of gaining strategic insight and advice to our portfolio companies in key areas of startup business.

"Our emphasis on value-added investing, supported by our platform advisors and strategic partnership with BCG, allows us to accelerate business development and growth across our portfolio. This approach drives high-performance investment models, which we will continue to implement in our Growth Fund III series. ," said B Capital Co-Founder & Managing Partner Raj Ganguly.

Investment for Indonesian Startups

B Capital also places Indonesia as a key region with the fastest growing digital economy in Asia. Since the beginning, this area has been their main target in terms of investing in various rounds. The reason is because of the large B2B market, the growing middle class accounts for more than 40% of consumption.

In addition, they see an increasing trend of digital adoption and use of technology throughout the supply chain, including warehousing, transaction management and marketing.

B Capital participates in a number of startup funding in Indonesia, including:

• Participation in series B funding for Kopi Kenangan of $109 million
• Led a $20 million series A funding to B2B e-commerce startup Ula
• Participation in series B funding of $53 million Payfazz
• Participation in the $2,8 million seed funding round went to Finku
• Participation in a series C funding of $70 million to startup Super
• Participation in B2B construction startup Brik's pre-Series A round which nearly raised around $12 million.