B Capital closes $250m early-stage Ascent Fund II

B Capital closes $250m early-stage Ascent Fund II

Singapore city district. Photo: Michelle Teo

Singapore- and US-based venture capital firm B Capital Group has closed its $250-million early-stage Ascent Fund II, according to a statement by the firm.

The Ascent Fund II is B Capital’s “first dedicated early-stage fund”, investing in pre-seed to Series A rounds globally, with an emphasis on US and Asian startups. The sectors it targets include digital healthcare, enterprise software, fintech and logistics, among others.

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