Eduardo Saverin’s B Capital in Talks to Raise $500 Million Fund

Eduardo Saverin’s B Capital Group is in talks to raise $500 million for a new early stage venture fund.

The new fund would be the firm’s third Ascent Fund, according to people familiar with the matter, who asked to not be identified because the details aren’t public.

The new fund will focus on investing in startups at the earliest stages — seed and Series A rounds. B Capital will be investing across several categories, including enterprise software, health care, financial technology and climate technology. It would roughly double its $254 million predecessor fund from 2021.

Eduardo Saverin

Photographer: Paul Miller/Bloomberg

The fundraisng is ...