About B Capital
B Capital is a venture capital firm founded in 2015. It is primarily based out of Manhattan Beach, United States. As of Mar 2026, B Capital is an active investor, having invested in 203 companies, with 22 new investments in the last 12 months. It primarily invests in Series B round in United States based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to High Tech and FinTech. Most recently it participated in the $***** Series A round of Knox Systems Overall, B Capital portfolio has seen 31 unicorns, 9 IPOs and 26 acquisitions including key companies like Perplexity, Bird and Meesho. A lot of funds co-invest with B Capital, with names like Alumni Ventures sharing a substantial percentage of its portfolio. B Capital has team of 101 people including 28 partners.Key Metrics
Team Members
Portfolio Count
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Series A, Series B & 9 more
Portfolio Acquisitions
Portfolio Unicorns
Deals in last 12 months
B Capital's List of Top Investments
B Capital has a portfolio of 203 companies, including 31 unicorns. Their most notable investments are in Twlm and Fazz.Their portfolio spans across United States, India, China and 16 more locations. They have invested in Enterprise Applications, High Tech, FinTech and 33 other sectors, across stages such as Series A, Series B and 9 more. Here is the list of top investments by B Capital:1. Perplexity
AI-powered search and answer generation. It enables users to ask complex questions and receive concise, well-sourced answers synthesized from multiple web sources. The platform combines natural language understanding with real-time web data to provide accurate, context-aware responses.
Key facts about Perplexity
2. Bird
App-based rental platform providing self-drive electric kick-scooters. Users can locate, and reserve electric kick-scooters through the app. They can unlock vehicles by scanning the QR codes, ride the scooters, and park in legal parking spaces at the end of the ride. The kick-scooters include self-reporting damage sensors, self-sealing tires, dual anti-tipping kickstands, and anti-theft encryption. App is available for both Android and iOS devices.
Key facts about Bird
- Founded Year: 2017
- Location: Miami (United States)
- Annual Revenue: $245M as on Dec 31, 2022
- Stage: Public
- Total Funding till date: $765M
- Employee Count: 947 as on Mar 31, 2026
- Investors: Glynn Capital, TriplePoint Capital and 60 Others
- Latest Funding Round: Series D, Aug 04, 2021, $*****
- Highlight: Public
3. Meesho
E commerce platform connecting sellers with customers for multi category products. It facilitates transactions for a variety of goods, including apparel, accessories, home décor, kitchenware, electronics, and personal care items. The platform enables individuals and businesses to offer the products to customer base, providing tools for managing sales and fulfilling orders. It operates both as a shopping site for consumers and a reselling platform for individuals looking to start the own businesses.
Key facts about Meesho
- Founded Year: 2015
- Location: Bengaluru (India)
- Annual Revenue: ₹9,900Cr as on Mar 31, 2025
- Stage: Public
- Total Funding till date: $1.36B
- Employee Count: 1,612 as on Aug 31, 2025
- Investors: Fidelity Investments, Naspers and 39 Others
- Latest Funding Round: Series F, Jan 27, 2025, $*****
- Highlight: Public
4. Flutterwave
Provider of payment solutions for online and physical business transactions. It offers tools for accepting payments, payouts, transfers, and creating online stores. The company provides application programming interfaces for developers to integrate payment functionalities. It also facilitates tuition payments and event ticket purchases.
Key facts about Flutterwave
- Founded Year: 2016
- Location: San Francisco (United States)
- Valuation: $*****
- Stage: Series D
- Total Funding till date: $489M
- Employee Count: 868 as on Mar 31, 2026
- Investors: Glynn Capital, Greycroft and 71 Others
- Latest Funding Round: Series D, Feb 16, 2022, $*****
- Highlight: Editors' Pick
Chain of limited service restaurant serving coffee. It offers a variety of flavors, including avocado & marie regal coffee, salted caramel macchiato, and fruity series. It also provides other items like bread, fried chicken, and cookies.
Key facts about Kopi Kenangan
B Capital's Year-on-Year Investment Trends
B Capital has invested in 203 companies over the last 10 years, with an average of 17 new investments annually in the last 10 years. In 2025, it made 39 investments, while as of Mar 2026, it has made 7 investments in this year. Its most recent first time investment was in Knox Systems and most recent follow-on round was in Oro Labs.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 5 | 2 | 7 |
2025 | 23 | 16 | 39 |
2024 | 13 | 8 | 21 |
2023 | 7 | 12 | 19 |
2022 | 38 | 14 | 52 |
2021 | 46 | 17 | 63 |
2020 | 20 | 9 | 29 |
2019 | 4 | 6 | 10 |
2018 | 9 | 2 | 11 |
2017 | 7 | 2 | 9 |
B Capital's Investments by Stage
B Capital has made 43 investments in Series A stage with an average round size of $29.2M, 40 investments in Series B stage with an average round size of $104M and 29 investments in Seed stage with an average round size of $7.2M.Stage of entry | No. of Investments |
|---|---|
Series A | 43 |
Series B | 40 |
Seed | 29 |
Series C | 26 |
Series D | 17 |
Others | 19 |
Note: We have considered here, only first round of investments
B Capital's Investments by Sector
B Capital has a diverse portfolio, with companies operating in the Enterprise Applications, FinTech, Consumer, High Tech and HealthTech. Notably, it has invested in 179 Tech companies, 148 Enterprise (B2B) companies, 133 Software companies and at least 71 companies focusing on Saas.Sector | No. of Investments |
|---|---|
Enterprise Applications | 102 |
FinTech | 38 |
Consumer | 32 |
High Tech | 32 |
HealthTech | 26 |
Others | 207 |
Note: We have considered here, only first round of investments
B Capital's Investments by Geography
B Capital has made most investments in United States (118), followed by India where it has made 26 investments.Country | No. of Investments |
|---|---|
United States | 118 |
India | 26 |
Singapore | 9 |
Indonesia | 7 |
Canada | 3 |
Others | 16 |
Note: We have considered here, only first round of investments
B Capital's recent investments
B Capital has made 7 investments in 2026 so far. Knox Systems and Oro Labs are the latest among them.Here are the most recent investments by B Capital:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Mar 17, 2026 | United States | Series A | 2687 | [+4] | |
Mar 12, 2026 | United States | Series C | 5724 | ||
Feb 26, 2026 | United States | Seed | 3405 | ||
Feb 20, 2026 | United States | Series B | 3120 | [+6] | |
Feb 04, 2026 | United States | Series D | 2427 | [+6] |
Unicorns in B Capital's Portfolio
B Capital has 31 unicorns in its portfolio - TRM Labs, ReflectionAI, BuildOps and others. The most recent unicorn in their portfolio is TRM Labs. It became a unicorn in 2026, 4 years after B Capital first invested in it.Here is a list of unicorns in B Capital's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
67 | Provider of blockchain intelligence for detecting crypto-facilitated crime and compliance | 2018 | San Francisco | Series C | daorv{o | ||
65 | Developer of autonomous coding systems | 2025 | New York City | Series B | skjlyka | ||
70 | Software solution for facility management and commercial contractors | 2018 | Santa Monica | Series C | xbppwu{ | ||
65 | Developer of next-generation geothermal projects delivering carbon-free energy | 2017 | San Francisco | Series E | vgiiycy | ||
70 | Developer of an enterprise AI platform for agentic work | 2012 | San Francisco | Series C | {znanej |
IPOs and Publicly Listed companies in B Capital's Portfolio
9 of B Capital's portfolio companies have become public. In Silico got listed on the Hong Kong Exchanges (HKG), in Dec 2025 at marketcap of $1.72B and Meesho got listed on the Bombay Stock Exchange (BSE), National Stock Exchange (NSE) at marketcap of $5.57B.Here are B Capital's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Dec 30, 2025 | Jun 22, 2021 | Series C | 6961 | |
Dec 10, 2025 | Sep 29, 2021 | Series F | 3430 | |
Nov 06, 2025 | Oct 30, 2024 | Series C | 2249 | |
Jul 23, 2025 | Apr 19, 2022 | Series B | 3650 | |
Jul 09, 2025 | - | - | 3091 |
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Acquired companies in B Capital's Portfolio
26 companies from B Capital's portfolio have been acquired. The most recent acquisition were Faeth Therapeutics in Feb 2026 by Sensei Biotherapeutics.Here are B Capital's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Feb 18, 2026 | Aug 01, 2025 | Series A | 7200 | |
Dec 10, 2025 | Apr 12, 2022 | Series D | 3938 | |
Oct 17, 2025 | Dec 21, 2023 | Series E | 3059 | |
Sep 16, 2025 | Feb 24, 2022 | Series A | 3885 | |
Jul 25, 2025 | Sep 14, 2021 | Series A | 2558 |
Team profile of B Capital
B Capital has a team of 101 members including 28 Partners, 3 Venture Partners and 53 Principals located in United States, Singapore and 5 more locations. B Capital's team sits on the board of 10 companies.Here is a list of top team members in B Capital:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | San Francisco | |||
Partner | Singapore | |||
Partner | Los Angeles | - | ||
Partner | San Francisco | |||
Partner | San Francisco | |||
Partner | United States | - | ||
Partner | New York | - | - | |
Partner | New York City | - | ||
Partner | United States | - |
Co-investors of B Capital
Over the past 10 years, 2170 investors have co-invested in B Capital's portfolio companies. This includes funds and angels.
- Invested before B Capital: Y Combinator, Peak XV Partners and 1089 others have invested in rounds before B Capital. There are 19 companies where Y Combinator has invested before B Capital and 9 companies where Peak XV Partners has invested before B Capital.
- Top Co-investors of B Capital: 628 investors entered a company along with B Capital. These include investors like Alumni Ventures (7 companies).
- Invested after B Capital: A total of 451 investors have invested in B Capital's portfolio after their investments. Top Investors include SVB (5 companies), Goldman Sachs (5 companies) and Tiger Global Management (4 companies).
Recent News related to B Capital
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B Capital Selected as a Registered VC by AMED to Accelerate Japan’s Drug Development EcosystemBusiness Wire•Apr 07, 2026•B Capital
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Axiom, led by 25-year-old Hong LeWan, just raised 1.4 billion.Sina•Apr 06, 2026•B Capital, Madrona, Toyota Ventures, Axiom and 2 others
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Knox Systems Raises $25M in Series A FundingFinSMEs•Mar 17, 2026•Knox Systems, Benchstrength, B Capital, M12 and 4 others
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ORO Labs Raises $100M in Series C FundingFinSMEs•Mar 12, 2026•Norwest, Brighton Park Capital, Oro Labs, B Capital and 3 others
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Tech Lio Secures $30M From Andreessen Horowitz To Revolutionize Enterprise Procurement With AI Agentsbitcoinethereumnews.com•Mar 05, 2026•Andreessen Horowitz, Techlio, Lio, XYZ Venture Capital and 17 others
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EV startup Bounce raises $5 million from Accel, B Capital, QualcommThe Economic Times•Mar 02, 2026•Bounce, Accel, B Capital, Qualcomm Ventures and 6 others
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Gushwork AI raises $9 million from Susquehanna Asia VCViestories•Feb 26, 2026•Gushwork, B Capital, SIG Venture Capital, Lightspeed Venture Partners and 8 others
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Code Metal Secures $125M Series B at $1.25B Valuation to Bridge the Trust Gap in AI Code GenerationBusiness Wire•Feb 20, 2026•Code Metal, Salesforce Ventures, Overmatch, B Capital and 7 others
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Apptronik Raises $520M to Produce Humanoid Apollo Robot Commercial DeploymentsSiliconAngle•Feb 11, 2026•Apptronik, B Capital, Google, Mercedes-Benz and 6 others
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Goodfire Secures $150M to Advance AI Interpretability PlatformSiliconAngle•Feb 06, 2026•Goodfire, B Capital, Salesforce, Cimulate and 10 others
