Venture capital firm
B Capital portfolio
b.capitalB Capital is a venture capital firm based in San Francisco, United States, founded in 2015. It has invested in 156 venture-backed companies across 207 funding rounds on VCMC, and led 78 of those rounds. 26 of them were in the last 12 months.
156
Venture-backed companies
in its portfolio on VCMC
207
Funding rounds
led 78
26
Last 12 months
rounds, Oct 2025 to Sep 2026
55
With a disclosed valuation
of 156 companies
$163.5B
Combined value of its private companies
the whole companies, not what B Capital owns
148 private companies B Capital has backed have a VCMC valuation; together they are worth $163.5B. That is the value of the whole companies, not what B Capital owns. Perplexity is 16% of the total. 8 companies it backed have since been acquired and are not included. How VCMC values companies.
Values cover private companies only; public companies are not included.
Portfolio
B Capital's most valuable portfolio companies
The 10 most valuable private companies B Capital has backed, by VCMC's valuation. Values cover private companies only; public companies are not included.
- 1 Perplexity Tech Companies, San Francisco $25.5B range $17.2B – $36.6B Joined at Series F, 2025
- 2 Lambda Tech Companies, San Jose $12.4B range $6.8B – $17.9B Joined at Series C, 2024
- 3 FalconX Financial Services, San Mateo $10.0B range $1.6B – $15.8B Led at Series C, 2021
- 4 Reflection AI Tech Companies, Varese $8.8B range $6.8B – $10.1B Joined at Growth, 2025
- 5 Apptronik Industrial Machinery & Supplies, Austin $7.8B range $4.3B – $10.9B Led at Series A, 2026
- 6 DailyHunt Tech Companies, Koramangala $6.5B range $516M – $7.5B Joined at Series H+, 2021
- 7 Lambda Hosting & Cloud Infrastructure Providers, San Jose $5.2B range $3.1B – $6.0B Joined at Series C, 2024
- 8 Innovaccer Tech Companies, San Francisco $4.6B range $2.0B – $5.3B Led at Seed, 2015
- 9 Judi Health Insurance - Agents, Carriers & Brokers, Jersey City $4.2B range $2.7B – $4.9B Led at Series C, 2022
- 10 Olive Tech Companies $3.6B range $348M – $6.0B Joined at Series B, 2015
Portfolio
Full B Capital portfolio (156 companies)
156 companies. Load more shows the rest.
| # | Last round | History | Range | Trend | Grade | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Perplexity Tech Companies · since Series F, 2025 | Growth Equity Jan 2026 $2.30B | $25.5B | $17.2B – $36.6B | $22.9B (-10%) | $2.4B | 41% | 1,369 | flat | B | |
| 2 | Lambda Tech Companies · since Series C, 2024 | Debt Aug 2026 $926M | $12.4B | $6.8B – $17.9B | $12.6B (+2%) | $1.4B | 0% | – | unknown | B | |
| 3 | Reflection AI Tech Companies · since Growth, 2025 | Growth Equity Oct 2025 $2.00B | $8.8B | $6.8B – $10.1B | $8.8B (0%) | $863M | 0% | 1 | unknown | A | |
| 4 | DailyHunt Tech Companies · since Series H+, 2021 | Debt Feb 2024 $6.2M | $6.5B | $516M – $7.5B | $6.5B (0%) | $822M | 0% | 350 | unknown | D | |
| 5 | FalconX Financial Services · led at Series C, 2021 | Debt Aug 2026 $1.00B | $10.0B | $1.6B – $15.8B | $10.0B (0%) | $1.5B | 0% | 604 | up | D | |
| 6 | Lambda Hosting & Cloud Infrastructure Providers · since Series C, 2024 | Series D Aug 2025 $480M | $5.2B | $3.1B – $6.0B | $5.2B (0%) | $572M | 0% | 420 | unknown | B | |
| 7 | DataRobot Tech Companies · since Growth, 2020 | Series G Jul 2021 $300M | $2.6B | $460M – $8.0B | $2.3B (-11%) | $855M | 48% | 868 | flat | D | |
| 8 | VerSe Tech Companies · since Series H+, 2021 | Debt Feb 2024 $6.0M | $1.4B | $449M – $9.5B | $1.2B (-14%) | $848M | 97% | 675 | down | D | |
| 9 | Stord Warehousing & Storage · since Series B, 2020 | Debt Oct 2026 $400M | $3.6B | $2.6B – $5.4B | $4.7B (+31%) | $521M | 0% | 2,124 | growing | B | |
| 10 | Olive Tech Companies · since Series B, 2015 | Series H Jul 2021 $400M | $3.6B | $348M – $6.0B | $3.5B (-4%) | $572M | 20% | 660 | unknown | D | |
| 11 | Innovaccer Tech Companies · led at Seed, 2015 | Series F Jan 2025 $275M | $4.6B | $2.0B – $5.3B | $4.6B (0%) | $502M | 0% | 1,630 | flat | B | |
| 12 | Judi Health Insurance - Agents, Carriers & Brokers · led at Series C, 2022 | Series F Sep 2025 $400M | $4.2B | $2.7B – $4.9B | $4.2B (0%) | $465M | 0% | 56 | unknown | A | |
| 13 | PaleBlueDot AI Hosting & Cloud Infrastructure Providers · led at Series B, 2026 | Series C Oct 2026 $200M | $3.3B | $2.8B – $4.8B | $4.2B (+28%) | $458M | 0% | 28 | growing | A | |
| 14 | Apptronik Industrial Machinery & Supplies · led at Series A, 2026 | Other Jun 2026 $4.2M | $7.8B | $4.3B – $10.9B | $9.5B (+21%) | $1.3B | 0% | 534 | growing | B | |
| 15 | Highspot Tech Companies · led at Series F, 2022 | Series F Jan 2022 $248M | $902M | $315M – $5.8B | $890M (-1%) | $501M | 97% | 825 | down | D | |
| 16 | Lunar Energy Batteries · led at Series D, 2026 | Series C Feb 2026 $130M | $1.6B | $867M – $2.6B | $1.7B (+9%) | $189M | 0% | 259 | up | B | |
| 17 | Clari Tech Companies · since Series E, 2021 | Series F Jan 2022 $225M | $537M | $228M – $1.5B | $526M (-2%) | $359M | 97% | 492 | shrinking | C | |
| 18 | Icertis Tech Companies · led at Series C, 2017 | Growth Equity Mar 2025 $50M | $744M | $248M – $1.2B | $730M (-2%) | $55.1M | 10% | 2,417 | flat | C | |
| 19 | Flutterwave Payment Processing & Point of Sale · led at Series D, 2022 | Series E Jun 2026 | $3.3B | $2.8B – $4.2B | $3.4B (+3%) | $458M | 53% | 875 | down | A | |
| 20 | MasterClass Learning, Tutoring & Courses · since Series C, 2017 | Series F May 2021 $225M | $2.3B | $185M – $4.0B | $2.1B (-6%) | $466M | 0% | 803 | flat | D | |
| 21 | Starburst Tech Companies · since Series D, 2022 | Series D Feb 2022 $250M | $2.6B | $282M – $4.9B | $2.5B (-6%) | $515M | 16% | 530 | flat | D | |
| 22 | Tech Companies · since Series E, 2022 | Series E Jan 2022 $200M | $1.4B | $367M – $5.7B | $1.4B (-5%) | $575M | 71% | 56 | down | D | |
| 23 | Tech Companies · since Series D, 2024 | Series E Oct 2025 $150M | $2.8B | $1.7B – $3.2B | $2.8B (0%) | $303M | 0% | 852 | growing | A | |
| 24 | Tech Companies · since Series C, 2024 | Series C Nov 2024 $200M | $2.9B | $1.7B – $3.3B | $2.9B (0%) | $317M | 0% | 2,415 | up | B | |
| 25 | Tech Companies · led at Series C, 2021 | Series E Oct 2026 $100M | $1.3B | $821M – $2.5B | $1.6B (+29%) | $179M | 0% | 490 | growing | B | |
| 26 | Tech Companies · since Series B, 2021 | Series D Nov 2023 $120M | $618M | $290M – $1.6B | $323M (-48%) | $155M | 97% | 505 | down | C | |
| 27 | Tech Companies · led at Series E, 2022 | Series F Nov 2025 $100M | $916M | $609M – $1.1B | $925M (+1%) | $102M | 0% | 947 | flat | A | |
| 28 | Tech Companies · led at Series D, 2023 | Series E Mar 2025 $126M | $1.8B | $901M – $2.6B | $1.7B (-4%) | $208M | 14% | 219 | up | B | |
| 29 | Tech Companies · since Series C, 2019 | Series D Jun 2021 $120M | $1.1B | $136M – $1.9B | $1.0B (-5%) | $169M | 4% | 359 | up | D | |
| 30 | Tech Companies · since Series C, 2021 | Acquisition May 2025 $400M | $582M acquired 2025 | $122M – $2.2B | – | – | 61% | 280 | down | D | |
| 31 | Tech Companies · since Series B, 2021 | Series C Feb 2026 $70M | $1.2B | $869M – $1.6B | $1.4B (+9%) | $150M | 0% | 466 | growing | A | |
| 32 | Tech Companies · led at Series B, 2020 | Acquisition Aug 2023 $490M | $1.4B acquired 2023 | $857M – $1.6B | – | – | 0% | 250 | up | B | |
| 33 | Tech Companies · led at Series A, 2022 | Series A Mar 2022 $100M | $109M | $34.5M – $879M | $99.4M (-9%) | $121M | 94% | 39 | down | D | |
| 34 | Tech Companies · led at Series C, 2022 | Series C Jun 2022 $60M | $122M | $46.8M – $395M | $107M (-12%) | $69.9M | 97% | 248 | shrinking | D | |
| 35 | Tech Companies · since Series A, 2013 | Acquisition Mar 2019 $300M | $413M acquired 2019 | $251M – $658M | – | – | 0% | – | unknown | B | |
| 36 | Tech Companies · since Seed, 2021 | Series B Jan 2025 $25M | $163M | $84.0M – $318M | $117M (-28%) | $31.4M | 97% | 66 | down | C | |
| 37 | Tech Companies · led at Seed, 2022 | Series B Oct 2025 $28M | $279M | $131M – $396M | $279M (0%) | $30.7M | 0% | 66 | up | B | |
| 38 | Tech Companies · since Seed, 2019 | Series B May 2022 $27M | $1.27M | $0 – $1.27M | $1.27M (0%) | – | 100% | 133 | flat | dead | |
| 39 | Tech Companies · since Series A, 2024 | Series B Jun 2026 $13M | $103M | $68.4M – $165M | $111M (+8%) | $16.0M | 56% | 43 | flat | B | |
| 40 | Tech Companies · since Series A, 2022 | Series A Apr 2022 $25M | $73.9M | $14.7M – $390M | $66.9M (-9%) | $48.0M | 73% | 59 | down | D | |
| 41 | Tech Companies · led at Series B, 2018 | Other Aug 2023 $6.0M | $17.8M | $0.78M – $37.5M | $17.0M (-5%) | $1.30M | 14% | 72 | flat | D | |
| 42 | Tech Companies · since Series A, 2020 | Series A Oct 2020 $21M | $20.8M | $9.59M – $72.2M | $19.0M (-9%) | $36.8M | 97% | 97 | shrinking | D | |
| 43 | Tech Companies · since Seed, 2022 | Seed Sep 2023 $4.9M | $19.7M | $4.65M – $53.8M | $15.3M (-23%) | $9.18M | 59% | 12 | flat | D | |
| 44 | Tech Companies · since Seed, 2025 | Seed Feb 2025 $13M | $200M | $52.0M – $305M | $200M (0%) | $36.0M | 0% | 47 | up | C | |
| 45 | Medical Supply Manufacturers · since Series B, 2023 | Series B Sep 2023 $12M | $84.2M | $14.7M – $192M | $68.9M (-18%) | $14.3M | 27% | 36 | flat | D | |
| 46 | Tech Companies · since Seed, 2021 | Series A Jul 2023 $3.7M | $18.6M | $3.37M – $64.1M | $15.8M (-15%) | $5.08M | 70% | 22 | down | D | |
| 47 | Medical Supply Manufacturers · since Series A, 2021 | Series A Dec 2021 $9.7M | $9.91M | $3.29M – $32.1M | $9.90M (0%) | $11.8M | 97% | 13 | shrinking | D | |
| 48 | Tech Companies · led at Seed, 2021 | Seed Aug 2021 $6.0M | $43.6M | $1.69M – $64.0M | $42.0M (-4%) | $9.90M | 2% | 53 | flat | D | |
| 49 | Tech Companies · led at Seed, 2022 | Seed Oct 2022 $7.6M | $22.2M | $5.48M – $145M | $18.5M (-17%) | $18.5M | 97% | 39 | down | D | |
| 50 | Electronical Components Manufacturing · led at Seed, 2022 | Seed Aug 2022 $7.3M | $24.4M | $4.60M – $93.1M | $21.4M (-12%) | $14.5M | 59% | 20 | up | D |
Valuation: VCMC's valuation with its range, from a low to a high scenario; a company with no valuation shows a dash, one acquired after its last round its last value as a private company.
Activity
How B Capital invests: stages, industries and countries
Most of its rounds are Series C and later (43%). Its companies span 46 industries, most in Tech Companies, Medical Supply Manufacturers and Payment Processing & Point of Sale, across 16 countries.
Rounds by stage
- Pre-seed 2
- Seed 28
- Series A 46
- Series B 43
- Series C and later 88
Investments by industry
- Tech Companies 74
- Medical Supply Manufacturers 5
- Payment Processing & Point of Sale 5
- Biotechnology 4
- Hosting & Cloud Infrastructure Providers 4
- Insurance - Agents, Carriers & Brokers 4
- Loans & Financing 4
- Software Development Services 4
Investments by country
- United States 113
- India 15
- Singapore 6
- Indonesia 5
- Canada 4
- China 2
Recent rounds
B Capital's latest investments
B Capital's most recent funding rounds, newest first. 26 rounds in the last 12 months.
- Series E $100M 14 Oct 2026
- PaleBlueDot AI Series C $200M 2 Oct 2026
- Series B, led $33M 29 Sep 2026
- Series D $250M 24 Sep 2026
- Series A, led $26M 27 Jul 2026
- Series C $100M 23 Jun 2026
- Series C, led $53M 16 Jun 2026
- Series A $100M 12 May 2026
- Series A, led $65M 12 May 2026
- Series A, led $25M 17 Mar 2026
Co-investors
B Capital's top co-investors
The investors that most often join the same rounds as B Capital. M12 leads, with 12 rounds together.
- M12 12 rounds together
- Sapphire Ventures 11 rounds together
- Y Combinator 11 rounds together
- Andreessen Horowitz 11 rounds together
- 10 rounds together
- Lightspeed Venture Partners 10 rounds together
- Tiger Global 10 rounds together
- Sequoia Capital 9 rounds together
- 9 rounds together
- Dragoneer Investment Group 9 rounds together
About
About B Capital
B Capital Group Management, LP is an American investment firm that provides venture capital and investment management services across early to late-stage technology, healthcare, energy, and resilience sectors. The company operates an integrated investment platform supporting founders throughout the business development lifecycle, from seed to IPO, and collaborates with strategic partners to offer resources and connections for global expansion. B Capital maintains offices in the United States and Asia, serving a portfolio of companies in areas such as AI-driven sales and marketing, carbon management, healthcare analytics, clinical research, home-based healthcare, manufacturing, automotive, and financial services.
Description from Veridion's company data.
- Founded
- 2015
- Based in
- San Francisco, United States
- Team
- 225 people, -21% in a year
- Type
- Venture capital firm
Focus markets
- Technology
- Healthcare
- Energy
- Financial Services
- Manufacturing
- Automotive
What B Capital offers
- Venture Capital Investment Services
- Technology Sector Investment Services
- Healthcare Sector Investment Services
- Energy and Resilience Technology Investment Services
- AI-Driven Sales and Marketing Investment Services
- Healthcare Analytics and Clinical Research Investment Services
- Carbon Management and Sustainability Investment Services
- Manufacturing and Automotive Technology Investment Services
Questions
B Capital: frequently asked questions
How many companies has B Capital invested in?
156 venture-backed companies on VCMC, across 207 funding rounds.
What are B Capital's most valuable private companies?
Perplexity ($25.5B), Lambda ($12.4B), FalconX ($10.0B), by VCMC's valuation.
What was B Capital's latest investment?
Labelbox, a Series E round in Oct 2026 of $100M.
Which stages does B Capital invest in?
B Capital invests most often at Series C and later (88 rounds), followed by Series A (46) and Series B (43). It has also joined 28 seed and 2 pre-seed rounds.
What is B Capital's portfolio worth?
Its private companies with a VCMC valuation are worth $163.5B together. That is the sum of the companies' values, not what B Capital owns.
Who does B Capital invest alongside?
M12 (12 rounds), Sapphire Ventures (11 rounds), Y Combinator (11 rounds).