BYJU’S & Meesho Backer B Capital Closes Healthcare Fund I At Over $500 Mn

BYJU’S & Meesho Backer B Capital Closes Healthcare Fund I At Over $500 Mn

SUMMARY

The fund will invest in digital health and biotech startups

B Capital mainly focuses on late-stage startups working in the enterprise, financial technology and healthcare segments

Its healthcare portfolio comprises more than 20 early and late-stage startups based in the US, Asia and Europe

Global investment firm B Capital has closed its maiden Healthcare Fund I along with Growth Fund III at over $500 Mn. 

The fund will invest in startups working in the healthcare sector, including digital health and biotech. Bounce, BYJYU’S, Khatabook, Meesho, PharmEasy, Yubi and Dailyhunt are some of its India portfolio startups.

“Technological advancements in biology, AI, and automation are transforming the industry, with business models seeing the convergence of traditional players in novel ways. This moment presents a unique opportunity for B Capital to leverage our dedicated healthcare capital and active investment strategy to find and support companies advancing the healthcare sector,” said, Robert Mittendorff, MD, general partner and head of healthcare at B Capital. 

Founded in 2015 by Eduardo Saverin and Raj Ganguly, B Capital focuses on late-stage startups working in the enterprise, financial technology and healthcare segments. It manages nearly $6.3 Bn worth of assets under management (AUM). 

B Capital operates nine offices across the US and Asia. It also has a strategic partnership with BCG to support startups to scale and expand into new markets. 

“Our unique approach to global venture and growth investment, including our strategic partnership with Boston Consulting Group (BCG), places founders and management teams front-and-center, surrounding them with resources they need to transform large markets through innovation and customer-focused solutions,” said Howard Morgan, chair and general partner of B Capital.

In April 2021, Mittendorff joined B Capital to lead Healthcare Fund I and its broader healthcare initiatives globally. 

The investment firm’s healthcare portfolio includes more than 20 early and late-stage startups based in the US, Asia and Europe. Its portfolio spans across healthtech, digital health, biotech and medtech segments.

Of late, it led investment rounds in Hotspot Therapeutics, Triumvira, CapitalRX and Carlsmed. As per B Capital, in January 2023, it closed its Growth Fund III and affiliated funds with aggregate capital commitments of about $2.1 Bn. 

Recently, a few funds have been launched by several firms to support Indian startups.

Some of the recently launched funds include Zero To One’s INR 300 Cr fund, Grayscale Ventures’ $20 Mn micro-fund and Z3Partners’s INR 550 Cr fund.

In 2022, 126 funds collectively raised over $18 Bn to invest in Indian startups.

Step up your startup journey with BHASKAR! From resources to networking, BHASKAR connects Indian innovators with everything they need to succeed. Join today to access a platform built for innovation, growth, and community.

You have reached your limit of free stories
Become An Inc42 Plus Member

Become a Startup Insider in 2024 with Inc42 Plus. Join our exclusive community of 10,000+ founders, investors & operators and stay ahead in India’s startup & business economy.

2 YEAR PLAN
₹19999
₹7999
₹333/Month
UNLOCK 60% OFF
Cancel Anytime
1 YEAR PLAN
₹9999
₹4999
₹416/Month
UNLOCK 50% OFF
Cancel Anytime
Already A Member?
Discover Startups & Business Models

Unleash your potential by exploring unlimited articles, trackers, and playbooks. Identify the hottest startup deals, supercharge your innovation projects, and stay updated with expert curation.

BYJU’S & Meesho Backer B Capital Closes Healthcare Fund I At Over $500 Mn-Inc42 Media
How-To’s on Starting & Scaling Up

Empower yourself with comprehensive playbooks, expert analysis, and invaluable insights. Learn to validate ideas, acquire customers, secure funding, and navigate the journey to startup success.

BYJU’S & Meesho Backer B Capital Closes Healthcare Fund I At Over $500 Mn-Inc42 Media
Identify Trends & New Markets

Access 75+ in-depth reports on frontier industries. Gain exclusive market intelligence, understand market landscapes, and decode emerging trends to make informed decisions.

BYJU’S & Meesho Backer B Capital Closes Healthcare Fund I At Over $500 Mn-Inc42 Media
Track & Decode the Investment Landscape

Stay ahead with startup and funding trackers. Analyse investment strategies, profile successful investors, and keep track of upcoming funds, accelerators, and more.

BYJU’S & Meesho Backer B Capital Closes Healthcare Fund I At Over $500 Mn-Inc42 Media
BYJU’S & Meesho Backer B Capital Closes Healthcare Fund I At Over $500 Mn-Inc42 Media
You’re in Good company