B Capital, the venture firm cofounded by the Facebook billionaire Eduardo Saverin, has raised 500 million dollars for a new fund aimed at young startups. The vehicle, its third early stage fund, came in at nearly double the size of its 254 million dollar predecessor from 2022 and was oversubscribed, a sign that investors remain eager to back the firm even in a cooler market for venture capital. The money will go into seed and early growth companies across North America and Asia.
Saverin is the marquee name, but the firm is a larger operation than his profile alone suggests. He founded B Capital in 2016 alongside the investor Howard Morgan and Raj Ganguly, a former Bain Capital executive, and serves as cofounder and co chief executive. The firm now manages more than 12 billion dollars across a range of stages, from the earliest bets to later and larger rounds. For Saverin, whose fortune is estimated at 34 billion dollars and rests largely on the Meta stake he built as a cofounder in 2004, it amounts to a second act as a backer of founders rather than one himself.
The strategy leans hard on artificial intelligence, though not in the way most funds mean it. Saverin argues that the biggest opportunities will come not from technology on its own but from entrepreneurs using AI to remake older industries, naming healthcare, enterprise software, and energy among them. The firm also runs its own AI platform to help the startups it backs, a pitch that blends capital with tools. The new fund has already put money into more than 20 companies, among them the American startups Apptronik, Havoc AI, and Star Catcher, several of which have gone on to raise further rounds.
The raise is a small but telling signal about where venture money is flowing. After a stretch in which investors pulled back and early stage funding grew harder to find, a large oversubscribed fund aimed squarely at seed and Series A deals suggests confidence is returning, at least for firms with scale and a recognizable name at the top. It also underscores how completely AI has reordered the pitch. A decade ago a fund like this would have sold software and marketplaces. Today the story is about founders bending artificial intelligence to industries that have barely begun to feel it.
