B Capital Closes $500 Million Ascent Fund III To Invest In AI-Driven Startups

B Capital announced the final close of its oversubscribed Ascent Fund III at its $500 million hard cap, nearly doubling the size of its predecessor to back Seed through Series B startups developing AI-driven technologies across healthcare, enterprise, energy and frontier tech in North America and Asia. Co-CEOs and co-founders Eduardo Saverin and Raj Ganguly said the fund will help entrepreneurs build the next generation of AI-powered companies, with more than 20 investments already made, including Apptronik, Havoc AI and Star Catcher, while the firm now manages more than $12 billion in assets across its global investment platform. FOUNDERS: Eduardo Saverin & Raj Ganguly AMOUNT: $500,000,000 HQ: San Francisco, California #VentureCapital #BCapital #EduardoSaverin #RajGanguly #TradedVC