B Capital Group, a venture-capital firm founded last year by Facebook co-founder Eduardo Saverin and Raj Ganguly, formerly from private-equity firm Bain Capital, has raised about $143.6 million towards its first venture fund, according to a SEC filing. In a LinkedIn post, the two founders explained the significance and potential of the market in startups in Southeast Asia and India especially anticipating the economic growth in the coming years in the regions. They said that the value of these regions would be raised by a lot, if served properly. The first close has seen the fund pull in nearly 60 percent of its target money, implying that the closing stock may be just under $250 million, according to TechCrunch. The company said that they'll focus on finding innovative companies and provide them with the resources and networks to develop. The new B Capital fund, attracted 18 investors, according to the filing. The company has offices in Los Angeles, San Francisco, and Singapore. It has already invested undisclosed amounts in its first two portfolio companies, according to The Wall Street Journal. One is Ninja Van, a Singapore-based e-commerce logistics startup with services in Southeast Asia. And the other is California-based digital health and analytics firm, Evidation Health. Similar Developments: - Last month, Ideaspring Capital had announced launched a Rs 125 crore fund to invest in startups in India, raised from Aarin Capital along with other investors. - Earlier in the month, VC firm Matrix Partners India raised $110 million from its existing network of unnamed investors for its second fund, taking its value…
