B Capital
Family officeActively deployingGeneva · Late Stage · 9 people tracked
Also known as B Capital Ascent · B Capital China · B Capital Climate · B Capital Global · B Capital Healthcare · B Capital MESA Venture
Investment thesis
B Capital is a British-Swiss multi-family office serving high-net-worth clients since 2008, with teams across Geneva, London, Malta, Lisbon, the BVI, and the Cayman Islands. It provides low-cost investment portfolios built on index-tracking ETFs, along with private markets access focused on late-stage technology private equity funds and GP-led co-investments. Its technology exposure spans AI, data centres, cybersecurity, and SaaS, including a liquid 'Global Tech Leaders' strategy. Beyond investing, the firm manages day-to-day family financial affairs, arranges marine and aviation asset lending and portfolio-secured leverage, and advises on trust and corporate holding structures. It emphasizes transparent pricing, impartial guidance, and long experience across market cycles.
Source: firm website, verified Aug 3, 2026.
Team · 9 people
from the firm's website
What they invest in
from 38 of 43 portfolio companiesEnterprise Software ×17AI & Machine Learning ×15Developer Tools ×8SaaS ×8Cloud Computing ×6Data & Infrastructure ×6Fintech ×6Cleantech ×5
HQs:United States×15India×3Australia×1Switzerland×1China×1Germany×1
Investments · 43 tracked
founders shown can be your intro pathBy year:2026 · 132025 · 32020 · 117 dated
Cerebras designs and manufactures wafer-scale AI processors and systems for data centers, enabling high-speed AI training and inference workloads.
AI & Machine LearningDeep TechHardwareSemiconductors
Andrew Feldman(Co-founder & CEO)Gary LauterbachMichael JamesSean LieJean-Philippe Fricker
PartnerLorne Baring· solo GP
Co-investors2080 VenturesAurum Venture PartnersBlack Opal VenturesCongruent VenturesDisruptive VenturesEclipse Ventures+10 more
Anthropic is an AI safety research company that builds reliable, interpretable, and steerable AI systems.
AI & Machine LearningDeep TechDeveloper ToolsEnterprise SoftwareSan Francisco, US
Dario Amodei(Co-founder & Chief Executive Officer)Daniela Amodei(Co-founder & President)inTom Brown(Co-founder)inJack Clark(Co-founder & Head of Policy)inJared Kaplan(Co-founder & Chief Science Officer)Chris Olah(Co-founder & Interpretability Research Lead)
PartnerLorne Baring· solo GP
Co-investors3Comma Capital7BC Venture CapitalA.Capital VenturesAccelAlkeon InnovationAllen Institute for AI (AI2) Incubator+84 more
Apollo provides a GraphQL-based API orchestration platform that unifies APIs and data sources for backend teams and frontend applications.
Data & InfrastructureDeveloper ToolsEnterprise SoftwareSan Francisco, US
Geoff Schmidt(Founder/CEO)inmatt debergalis(Founder/CTO)Nick Martin(Founder/CTO)
Co-investorsAndreessen HorowitzDCVC (Data Collective)HeavybitMatrixNext47Neythri Futures Fund+2 more
Apollo offers a debit card that grants users fractional stock rewards on purchases, with additional opportunities to win full shares of selected stocks.
FintechSan Francisco, US
Skyler Aspegren(Founder)inJosh Wright(Founder)in
Co-investorsY Combinator
Autonomy is an automotive subscription platform that enables vehicle subscription services as a sustainable business model in automotive retail.
CleantechConsumerMobility & TransportationSaaS
Scott Painter(Founder)Georg Bauer(President & Vice Chairman)Fred Weick(Chief Executive Officer)
Co-investorsAngel Collective Opportunity FundBuilders + BackersFJ LabsFlucas VenturesKube VCMoonshots Capital+14 more
Bounce is a baggage storage service that allows users to book and store bags at convenient locker locations or local shops through an online platform.
Marketplaces
Cody Candee(Founder)in
Co-investors359 CapitalAccelAndreessen HorowitzCreator VenturesGHARAGE VenturesGlobal Brain+3 more
Bounce Infinity manufactures electric scooters with detachable batteries for urban mobility.
HardwareMobility & Transportation
Co-investorsAccelChiratae VenturesMaverick VenturesQualcommQualcomm Ventures
Design platform; Blackbird invested when it was just an idea and in every round since.
SocialSurry Hills, Nsw, AU
Melanie Perkins(Executive Officer, Director)inClifford Obrecht(Executive Officer, Director)Cliff Obrecht(Co-Founder and Chief Operating Officer)inMelanie Joy Perkins(Executive Officer, Director, Promoter)Clifford James Obrecht(Executive Officer, Director, Promoter)Cameron Adams(Co-Founder and Chief Product Officer)in
PartnerLorne Baring· solo GP
Co-investorsAirTree VenturesAlkeon InnovationAlpha Square GroupAltra VentureAthletic VenturesBessemer Venture Partners+34 more
Team82 is a cybersecurity vulnerability and threat research team that identifies software and firmware vulnerabilities in cyber-physical systems.
AI & Machine LearningCybersecurityIoT
Galina Antova(Founder)inYaniv Vardiin
BoardDavid Millstone(co-CEO of Standard Industries and co-CIO of Standard Investments)
PartnerLorne Baring· solo GP
Co-investorsArcher Capital GroupArcher Venture CapitalBessemer Venture PartnersBMW i VenturesBosch VenturesClearvision Ventures+14 more
dss+ is a management consulting firm that helps organizations improve operational effectiveness, safety, leadership capabilities, culture, and environmental/ESG impact.
Climate TechEnterprise SoftwareImpact & Social Good
Davide Vassallo(CEO)
PartnerLorne Baring· solo GP
Corcym is a global medical device company focused on structural heart disease, developing heart valve prostheses and repair devices such as sutureless aortic heart valves.
HardwareHealthtechMedical Devices
PartnerLorne Baring· solo GP
Co-investorsSolas BioVentures
DayOne builds data center infrastructure using prefabricated modular construction, liquid cooling technologies, and a proprietary infrastructure management platform for hyperscale and edge clients.
CleantechCloud ComputingData & InfrastructureEnergyEnterprise SoftwareSingapore, SG
Lim Ah Doo(Chairman)
PartnerLorne Baring· solo GP
Co-investorsSoftBank Vision Fund
Deepgram builds foundational voice AI technology that enables speech-to-text, audio intelligence, text-to-speech, and voice agent APIs for businesses to create natural voice interactions.
AI & Machine LearningCloud ComputingDeveloper ToolsEnterprise SoftwareSan Francisco, US
Scott Stephenson(CEO and Co-founder)Dave Wilner(Director)Adam Sypniewski(Executive Officer, Director)
BoardZach DeWitt(Director)inElizabeth de Saint-Aignan(Director)
PartnerLorne Baring· solo GP
Co-investorsAlkeon InnovationBascom VenturesCompoundConnetic VenturesGaia VenturesIn-Q-Tel+13 more
Enpal offers residential solar systems for German households, available for purchase or rental in an all-in-one package that can include battery storage, a wallbox, an app, and a heat pump.
CleantechClimate TechEnergy
PartnerLorne Baring· solo GP
Co-investorsCaesar VenturesHeliad AGHoltzbrinck VenturesHV CapitalPICUS CAPITALThe Westly Group
Essential Pharma develops, manufactures and delivers medicines for patients in small, underserved or rare disease populations, including therapies at risk of discontinuation.
BiotechHealthtech
PartnerLorne Baring· solo GP
Extend builds infrastructure that processes unstructured data at scale for applications in healthcare, real estate, insurance, and finance.
AI & Machine LearningData & InfrastructureDeveloper ToolsEnterprise SoftwareNew York City, US
Kushal Byatnal(Founder)inEli Badgio(Founder)in
Co-investorsHomebrewY CombinatorCharacterCommerce VenturesFinTech CollectiveInnovation Endeavors+1 more
Extend provides product protection plans that merchants offer shoppers at checkout to cover product failures and accidental damage such as drops, breaks, and spills, handling repairs or replacements with online claims support.
E-commerceInsurTechRetail TechSaaS
Woodrow Levin(Founder)inJoe Moss(Founder)in
Co-investorsGraph VenturesGreatPoint VenturesLaunchpad CapitalSoftBank Vision FundCommerce VenturesFinTech Collective+2 more
fabric is a commerce platform for retailers, and this page presents its technology and solution partner ecosystem.
AI & Machine LearningE-commerceRetail TechSaaS
Aniq Rahman(Founder)in
PartnerLorne Baring· solo GP
Co-investorsAscend Venture CapitalB Capital GroupB4 CapitalExpaForerunner VenturesGlynn Capital Management+5 more
Goodfire is a research company developing interpretability tools to understand and design AI systems.
AI & Machine LearningDeveloper ToolsEnterprise SoftwareSan Francisco, US
Tom McGrath(Director)Daniel Balsam(Director)inEric Ho(Executive Officer, Director)inDaniel Kang(Director)
BoardDeedy Das(Director)Nnamdi Iregbulem(Director)in
Co-investorsB Capital GroupB4 CapitalCompoundJuniper Ventures Management, LlcLightspeed Venture PartnersMenlo Ventures+5 more
Groq designs and manufactures the LPU (Language Processing Unit), a chip purpose-built for AI inference, and operates GroqCloud, a platform for running inference workloads with low latency and cost efficiency across global data centers.
AI & Machine LearningCloud ComputingSemiconductors
Jonathan Ross(Founder & CEO)in
PartnerLorne Baring· solo GP
Co-investorsAcequia Capital (AceCap)Alumni VenturesBasecamp FundBeyond CapitalBlueYard CapitalCambium Capital+35 more
Immutable provides a full-stack product suite for building and scaling games, offering infrastructure and player-engagement tools along with digital ownership features.
AI & Machine LearningCrypto & Web3Developer ToolsGamingMarketing Tech
James Ferguson(Founder)
PartnerLorne Baring· solo GP
Co-investorsAirTree VenturesAndromeda CapitalArca FundsArrington CapitalBackedBitkraft Esports Ventures+15 more
Included Health provides healthcare navigation and delivery services—including care guidance, billing and claims support, and virtual and in-person care spanning primary, behavioral, urgent, and specialty care—for employees and members of health plans and employers.
Digital HealthHealthtechMental HealthSan Francisco, US
Owen Tripp(Co-Founder & CEO)inLawrence Hofmann(Co-Founder, Grand Rounds)Adam Jackson(Co-Founder, Doctor On Demand)Jay McGraw(Co-Founder, Doctor On Demand)Phil McGraw(Co-Founder, Doctor On Demand)Colin Quinn(Executive Officer, Director)
PartnerLorne Baring· solo GP
Co-investorsAdams Street PartnersAlpha PartnersBlackRockFelicis VenturesGaingelsGeneral Atlantic+15 more
InfluxData develops InfluxDB, a time series database designed to collect, store, analyze, and act on data that changes in real-time.
Cloud ComputingData & InfrastructureDeveloper ToolsEnterprise SoftwareIoTNew York City, US
Paul Dix(Founder/CTO)inTodd Persen(Executive Officer, Promoter)Evan Kaplan(Executive Officer, Director)inWinnie Cheng(Executive Officer)in
BoardRobin Vasan(Director)inDaniel Scholnick(Director)in
PartnerLorne Baring· solo GP
Co-investorsBattery VenturesHarmony PartnersMayfield FundNorwest Venture PartnersSapphire VenturesTrinity Ventures+4 more
Knox Systems helps software companies navigate FedRAMP compliance and secure federal government contracts.
Cloud ComputingCybersecurityGovTechSaaSAustin, US
Irina Denisenko(Executive Officer, Director)William Christopher Johnson(Executive Officer, Director)
BoardViviana Faga(Director)inCarrie Lee(Federal Advisor)David Epperson(Federal Advisor)Chad Tetrault(Federal Advisor)
Co-investorsB Capital GroupB4 CapitalFelicis VenturesM12 (Microsoft's Venture Fund)Benchstrength PartnersFirsthandVC+2 more
Lunar Energy makes a home energy system that generates, stores, and uses solar power to reduce electricity bills and support grid stability.
CleantechEnergyHardware
Mark Holveck(Founder)in
Co-investorsACTIVATE CAPITAL PARTNERSB Capital GroupB4 CapitalDCVC (Data Collective)LeitmotifPiva Capital+4 more
Metal is an AI context platform that structures company data into a queryable knowledge graph and serves it to AI tools via an open API and Model Context Protocol server.
AI & Machine LearningData & InfrastructureDeveloper ToolsEnterprise SoftwareFintechSaaSNew York City, US
Taylor Lowe(Founder)inJames O'Dwyer(Founder)inSergio Prada(Founder)in
Co-investorsY CombinatorAccelBase10 PartnersBosch VenturesSalesforce VenturesShield Capital
Metal is a platform that uses proprietary intelligence to identify and rank investors aligned with a company's fundraising round and investment thesis.
AI & Machine LearningEnterprise SoftwareFintechSaaSLahore, PK
Co-investorsIndus Valley CapitalPhaze VenturesY CombinatorAccelBosch VenturesSalesforce Ventures+1 more
Newfront is an insurance broker that combines specialty insurance expertise with technology platforms to help clients manage risk and make informed insurance decisions.
Enterprise SoftwareFintechInsurTechSan Francisco, US
Spike Lipkin(Founder/CEO)inGordon Wintrob(Founder/CTO)in
PartnerLorne Baring· solo GP
Co-investorsA*Abstract VenturesAltai VenturesB Capital GroupB4 CapitalBessemer Venture Partners+14 more
NotCo offers a vertical AI platform and model stack that helps large consumer packaged goods companies generate, validate, and formulate new products, running digital experiments across R&D, procurement, marketing, and operations.
Advanced ManufacturingAI & Machine LearningEnterprise SoftwareFoodTechSantiago
Matias Muchnick(Director, Promoter)Karim Pichara(Director, Promoter)
BoardElio Leoni-Sceti(Director)inFrederick Blackford(Director)Ramiro Lauzan(Director)Nicolas Szekasy(Director)in
PartnerLorne Baring· solo GP
Co-investorsCleveland AvenueKaszek VenturesSOSVThe CraftoryTrousdale VenturesFuture Positive
Parsable provides digital tools that let manufacturing companies digitize maintenance and operating procedures for technicians and operators, aiming to improve overall equipment effectiveness (OEE) and reduce maintenance errors.
Advanced ManufacturingEnterprise SoftwareIoTSaaS
Chase Feiger(Cofounder)Matt Belkin(Chief Executive Officer, President)inLuke Stagoll(Chief Technology Officer)in
PartnerLorne Baring· solo GP
Co-investorsACTIVATE CAPITAL PARTNERSLightspeed Venture PartnersAramco Ventures
Plane is a payroll and HR platform designed for automation-first teams, offering open APIs, CLI, and MCP integrations so agents and software tools can directly manage payroll operations.
Enterprise SoftwareFintechFuture of WorkHR TechSaaSSan Francisco, US
Co-investorsOSS CapitalY CombinatorTrucks VC
Sigma is an analytics and application platform that lets teams build dashboards, reports, and AI apps and agents on governed cloud data warehouse data.
AI & Machine LearningData & InfrastructureEnterprise Software
Rob Woollen(Founder)in
PartnerLorne Baring· solo GP
Co-investorsAvenir Growth CapitalNewView CapitalSpark Capital
Revolutionizing space technology to make life multi-planetary
Hawthorne, US
PartnerLorne Baring· solo GP
Co-investors1/1 Capital137 Ventures4DX VenturesA*Abstract VenturesAccess Technology Ventures+107 more
Jacksonville, US
Michael Snyder(Executive Officer, Director)Andrew Rush(Executive Officer, Director)Bryan Lyandvert(Executive Officer, Director)Nathan O'Konek(Executive Officer)
BoardDavid Rothzeid(Director)inJeff Johnson(Director)
Co-investorsCerberus VenturesGreatPoint VenturesMVP VenturesOceans VenturesShield Capital
PartnerLorne Baring· solo GP
Trendyol is an online retail marketplace offering fashion products such as platform boots and other footwear to consumers, with a Romanian-language storefront serving that market.
ConsumerE-commerceMarketplacesRetail Tech
Demet Suzan Mutlu(Founder)in
PartnerLorne Baring· solo GP
Co-investorsEBRD Venture Capital Investment ProgrammeSoftBank Vision Fund
Turno operates a battery intelligence and lifecycle management platform for commercial electric vehicles in India, leasing commercial EVs and repurposing their used batteries into second-life energy storage.
CleantechEnergyMobility & Transportation
Co-investorsMudita VentureQuona CapitalStellaris Venture Advisors 2 LlpAvaana Capital
Versa Networks provides SASE (Secure Access Service Edge) solutions that integrate security, networking, and analytics via cloud and on-premises platforms for enterprises and service providers.
Cloud ComputingCybersecurityEnterprise SoftwareSanta Clara, US
Kelly Ahujain
PartnerLorne Baring· solo GP
Co-investorsArtis VenturesSequoia CapitalComcast VenturesMayfield FundRPS VenturesAtlantic Vantage Point
SmartNews operates a news aggregation app that gives users access to articles from around 3,000 media outlets, along with weather information, coupons, and a points reward program.
AI & Machine LearningConsumerMedia & EntertainmentTokyo
Kaisei Hamamoto(Executive Officer, Director)Jason Holtman(Executive Officer)Cory Ondrejka(Executive Officer)Masaki Hayashi(Executive Officer)Chao Song(Executive Officer)Yi Ren(Executive Officer)
PartnerLorne Baring· solo GP
Co-investorsGlobis Capital PartnersGMO VenturePartnersJapan Post Capital Co. Ltd.Social StartsSumitomo Mitsui Trust nvestment Co. Ltd.
ByteDance builds a portfolio of digital platforms and services focused on short-form video, content creation, e-commerce, and workplace collaboration, serving creators and consumers globally.
Creator EconomyE-commerceMedia & EntertainmentBeijing, CN
Yiming ZhangRubo Liang(Founder)inZhang Yiming(Founder)
PartnerLorne Baring· solo GP
Co-investors3Comma CapitalAglae VenturesBase PartnersCoatue ManagementEvolution VC PartnersGaldana Ventures+15 more
Exits · 1
IPOs and acquisitions across the tracked portfolioCerebras SystemsNASDAQ: CBRS
Portfolio news
latest coverage across their companies
Bounce · nytimes.com · Aug 18, 2026
SpaceX · businessinsider.com · Aug 16, 2026
Anthropic · Reuters · Aug 15, 2026
Sigma · indianstartupnews.com · Aug 14, 2026
Turno · siliconindia.com · Aug 12, 2026
Included Health · PE Hub · Jul 29, 2026
Extend · quartr.com · Jul 24, 2026
Deepgram · techfundingnews.com · Jul 17, 2026
Fund performance · per public LP disclosures · 8
as of Jun 2025| Fund | Vintage | Committed | Net IRR | TVPI | DPI |
|---|---|---|---|---|---|
| B Capital Ascent Fund III, L.P.LPs: Empire State Development – New York Ventures, California Public Employees' Retirement System | 2024 | — | — | 1.32x | 0.00x |
| B Capital Ascent Fund II, LPLPs: Empire State Development – New York Ventures | 2022 | — | — | 1.12x | 0.15x |
| B Capital Co-Invest Fund (N)LPs: Empire State Development – New York Ventures | 2022 | — | — | 1.63x | 0.00x |
| B Capital Global Growth III, L.P.LPs: New Mexico Educational Retirement Board, California Public Employees' Retirement System | 2022 | — | 5.2% | 1.12x | 0.04x |
| B Capital Growth Fund III, LPLPs: Empire State Development – New York Ventures | 2022 | — | — | 1.08x | 0.05x |
| B Capital Growth III Co-Invest FundLPs: Empire State Development – New York Ventures | 2022 | — | — | 1.03x | 0.00x |
| B Capital Opportunities Fund II, L.P.LPs: California Public Employees' Retirement System, Empire State Development – New York Ventures, New Mexico Educational Retirement Board | 2022 | — | — | 1.85x | 0.00x |
| B Capital Opportunities Fund I, L.P.LPs: New Mexico Educational Retirement Board | 2020 | — | 8.1% | 1.32x | 0.03x |
Source: public limited-partner disclosures (CalPERS, CalSTRS). Net IRR / TVPI / DPI as reported by the limited partner; a fund's early-year IRR is an interim estimate (J-curve).
Frequently asked questions
- How many investments has B Capital made?
- B Capital has 26 tracked investments, 1 of which have exited via acquisition or IPO.
- What stage does B Capital invest at?
- B Capital invests at the Late Stage stage.
- What sectors does B Capital focus on?
- B Capital focuses on AI & Machine Learning, Cleantech, Climate Tech, Cybersecurity, Data & Infrastructure, SaaS, Sector Agnostic.
- Where is B Capital located?
- B Capital is headquartered in Geneva, CH.
- Does B Capital lead rounds?
- B Capital has led 11 of the 20 rounds where its role is on record.
- Who does B Capital co-invest with?
- B Capital most often shares deals with SoftBank Vision Fund, AirTree Ventures, Bessemer Venture Partners, among 206 tracked co-investors.
Media · Podcasts & interviews
from their channelClimate X on Fox Weather: How vulnerable are iconic NFL stadiums to the impacts of climate change?
Climate X
David Carlin, Head of Risk at the United Nations (UNEP FI) joins Climate X as Advisor
Climate X
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