B Capital wraps up sophomore fund at $250m

• The fund’s investors were not disclosed
• B Capital has a strategic partnership with Boston Consulting Group
• B Capital has $6.5 billion in assets under management across multiple funds

B Capital has closed its second early-stage fund at $250 million.

Ascent Fund II invests in pre-seed through Series A rounds globally, with an emphasis on the U.S. and Asia. The fund’s investors were not disclosed.

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.

“Forty years of investing has taught me that early-stage founders have the best view of where the market is heading,” said Morgan in a statement. “Ascent allows us to work with these entrepreneurs to build great companies ahead of the curve.”

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

B Capital has $6.5 billion in assets under management across multiple funds. The firm focuses on seed to late-stage growth investments, primarily in the enterprise, financial technology and healthcare sectors. It was founded in 2015, B Capital. B Capital has offices in Manhattan Beach, California, New York City, Hong Kong, Singapore and San Francisco.