Facebook Co-Founder Eduardo Saverin’s Venture Firm Raises $820 Million
B Capital capital firm started by billionaire Facebook Inc. co-founder Eduardo Saverin and backed by management consultant Boston Consulting Group has raised $820 million for its second fund focused on investing in startups.
B Capital invests in companies in enterprise software, health-care technology, financial technology and transportation and logistics. It has backed bill-pay service Plastiq Inc. and scooter company Bird.
Saverin said in an interview that it’s important for the startups that his firm, B Capital, invests in to have an impact on society and to think beyond just their business models.