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B Capital closes $250m early-stage fund

B Capital, a global multi-stage investment firm, has closed Ascent Fund II (Ascent II), its first dedicated early-stage fund, with $250 million capital commitments.

Ascent II will invest in pre-seed through series A rounds globally, with an emphasis on the US and Asia.

The Ascent team was founded by Chair and General Partner Howard Morgan, firm Co-Founder and Managing Partner Eduardo Saverin, General Partners Gabe Greenbaum and Karen Page, and Partner Karan Mohla. Leveraging their decades of experience as active partners of early-stage companies, they target founders leading the next wave of innovation across digital healthcare, enterprise software, fintech and logistics, among other growing industries.

B Capital supports the growth of its portfolio companies through a range of value-added services and expertise. Its strategic partnership with Boston Consulting Group (BCG) enables B Capital to connect its portfolio companies to a global network of business leaders eager to partner with emerging technologies.

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