B Capital Group
We empower entrepreneurs to think bigger. Scale faster. Grow global.
In the firm's own words, from its website.
86 additional team members, 38 additional co-investors and affiliates, 61 additional investments, funds and LPs, 24 events, 4 verified contacts (3 general firm email, 1 firm phone)
Every relationship, signal and contact on this record, with the source on each.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
What matters now
- 2 companiesnew in 12 months
2 new companies in the last 12 months. Latest round CurbWaste round ($28M round) on 22 Oct 2025.
A firm writing cheques this quarter is one a founder can pitch now.
- 1 companyportfolio raising
One portfolio company has new financing on record in 6 months without this firm named on the round; the latest on 8 Jul 2026 ($59.8M sold on Form D).
A portfolio company raising again is a follow-on decision for the firm and a co-investment opening for others.
- 3 dealswith B Capital
Invests most often alongside B Capital (3 shared deals) and Greycroft (2 shared deals).
pair last observed on record 25 Sep 2026, not a deal date · The firms it syndicates with are the likeliest to see the same deals and to fill out its rounds.
Measuredshared rounds and portfolio companies on recordFor Founders building a round, co-investorsCo-investors →
People to know
View all people- PartnerWhy: Partner: part of the investment decisionNo route on file yet
- PartnerWhy: Partner: part of the investment decisionNo route on file yet
- Manager, AIWhy: Named with investment responsibilityNo route on file yet
Relationship network
193 connected entities6 observed rounds2 repeat counterparties1 dated round shown here, 2025
From financing rounds and every investor named in them, Form ADV and Form D filings, the firm's funds and team, and disclosed LP commitments in the venture capital graph. A round's amount is the size of the round, not money that moved between two investors.
Some relationships on this record are counted rather than named here. They open with the full profile.
Click any name or line for the rounds and sources behind it. Line weight is rounds together; dashed lines are inferred.
- Sponsor
- Company
- Capital provider
- Fund or vehicle
- Person
›How strength and recency are read
Co-investors are read from the rounds: three or more shared rounds is a strong observed relationship, two a repeat co-investor, one a single round. Funds and people are structural. Nothing is scored that a reader cannot check.
Darker lines were active in the last 24 months or are current; lighter lines are older or undated.
How am I connected?
Name your firm, a company or a person, and DFX finds the published routes to B Capital Group: a shared portfolio company or board, a prior employer, a co-investor, a shared LP or service provider. Every step is a filed or published record with its source; none is a guess about who knows whom.
See how you connect to B Capital Group
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
Investing
39 companies on record, 2 new in 12 months
Investments on record
What these amounts mean“This investor” is the amount disclosed for this investor alone; it is unknown unless a source said it. The round size is the whole round.Acquired, Public, Exited and Active are what the firm’s own portfolio card says, read on the date shown when you hover the chip; they are not deal dates. A company with no chip is one whose card states no outcome: DFX does not assume it is active.| Company | Round | Role | Partner | Round size | This investor | Date | Source |
|---|---|---|---|---|---|---|---|
| Open Roles | portfolio listing | unknown | unknown | unknown | unknown | Sep 30, 2026 | Fact Firm website |
| Threads | portfolio listing | unknown | unknown | unknown | unknown | Sep 30, 2026 | Fact Firm website |
| CurbWaste | portfolio listing | lead | unknown | unknown | unknown | Sep 25, 2026 | Fact Company website |
Stated thesis versus observed behaviour
- Sectors
- ai, healthcare, energy, robotics, space, industrial, media
- Stages
- growth, early
- Geography
- austin, global, los angeles, new york, singapore
- Check size
- not stated; DFX does not estimate checks from round sizes
Team
91 current, 3 departed
Decision makers
- Adam Seabrook · PartnerWhy this person: Partner: part of the investment decision; Named with investment responsibility
- Karly Wentz · PartnerWhy this person: Partner: part of the investment decision; Named with investment responsibility
Ranked by the role the firm or its filing states, a route on file and deals led. Every reason is read from the record, never inferred. Routes are published by the person or the firm (their bio, the team page or a filing) and are revealed on a plan; data bought from a provider is never shown, and a route printed at a firm the person has since left is held back.
Investment team
How the team is orderedPartners who lead rounds first (rounds led, then deals attributed, then seniority), then the rest of the investment team, then investor relations, finance and operations. A person named by two sources under two spellings is shown once.- Partner · 1 deal attributed
- Partner · 1 deal attributed
- Manager, AI
3 departed (kept with end dates)
- Cecilia Bik Kuen Kwan · Chief Financial Officer · Feb 1, 2022 to Mar 28, 2024 Inference
- Mark Sun Cho · General Counsel And Chief Compliance Officer · Apr 1, 2020 to Mar 28, 2024 Inference
- Theodore James Hill · Chief Operating Officer · Mar 1, 2019 to Mar 31, 2023 Inference
Contacts
3 general firm email, 1 firm phone on record, each with its source. Values open with the complete profile.
Funds and LPs
19 vehicles, 2 LPs disclosed
Funds and vehicles
What these amounts meanGAV is the gross asset value the adviser reported on Form ADV for the vehicle, never the fund’s committed size and never dry powder. Form D sold is the amount sold as of the latest filing, never a final close.| Vehicle | Type | Vintage | Lifecycle | Reported GAV | Owners | Form D sold | Latest Form D |
|---|---|---|---|---|---|---|---|
| B Capital Ascent Fund III, L.P. | Fund | 2023 form d first sale | Fundraising | $441M Sep 14, 2026 | 43 | $307M | Jul 3, 2025 |
| B Capital Coinvest Fund (n), L.P. | SPV or co-invest vehicle | 2023 adv first reported | Active deployment | $365M Sep 14, 2026 | 2 | unknown | unknown |
| B Capital Growth Coinvest Fund (k2), L.P. | SPV or co-invest vehicle | 2023 adv first reported | Active deployment | $129M Sep 14, 2026 | 3 | unknown | unknown |
Limited partners
- 2 commitments to 2 funds · $150M disclosed
- 1 commitment to 1 fund · $67.5M disclosed
Known LPs and allocators
What these amounts and dates areEach commitment is counted once across the pension tape and the allocator graph. A commitment date prints only when the source printed one; otherwise the row carries the report date. A foundation’s 990-PF line is a holding at fair value, never a commitment. Rows without a fund on the venture graph are commitments to this manager.| Allocator | Type | Fund | Amount | Date | Source |
|---|---|---|---|---|---|
| New York State Common Retirement Fund | PUBLIC INSTITUTIONAL POOL | B Capital Global Growth IV, L.P. | $750M committed | reported as of Mar 31, 2025 | Fact Pension disclosure |
| California Public Employees' Retirement System | STATE RETIREMENT SYSTEM | B Capital Global Growth IV, L.P. | $350M committed | reported as of Dec 31, 2025 | Fact Pension disclosure |
| California Public Employees' Retirement System | STATE RETIREMENT SYSTEM | B Capital Opportunities Fund II, L.P. | $240M committed | reported as of Dec 31, 2025 | Fact Pension disclosure |
Relationships across DFX
50 co-investors · on 1 other DFX graph
Co-investors
- 2026-09-253 shared deals · recurring · they led 1 · this firm led 1
- 2026-10-012 shared deals · recurring
- 2026-09-302 shared deals · recurring · this firm led 1
Across DFX and the capital chainon 1 other DFX graph · 47 capital paths ShowHide
- The same institution is held on Allocators, matched by identifier. See which records
B Capital Group is the same institution as 1 record in Allocators.
The joined record opens with the product, beside every other relationship on this page.
Checking your plan…
B Capital Group sits on 47 traced paths of capital across the graphs.
DFX traced 47 paths of capital through this record
Every record on each path, what it committed or lent, and as of when.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
Derived from allocator disclosures, BDC schedules and SEC filings; confidence is the weakest hop.
Checking your plan…
Evidence and history
29 dated events, 68 observations from 4 sources
Timeline
- Sep 14, 2026B Capital Coinvest Fund (n2), L.P. first reported on Form ADV by B Capital Group, GAV $150,000,000
- May 29, 2026B Capital Healthcare II, L.P. first reported on Form ADV by B Capital Group (Venture Capital Fund), GAV $86,538,462
- May 29, 2026B Capital Global Growth IV, L.P. first reported on Form ADV by B Capital Group (Venture Capital Fund), GAV $1,089,205,181
- May 29, 2026B Capital Resilience Tech I, L.P. first reported on Form ADV by B Capital Group (Venture Capital Fund), GAV $27,300,000
- Apr 1, 2026Reshma Martina Ballie Mcgowan joined Schedule A of B Capital Group as Chief Compliance Officer
Identity and regulatory footprint
Address, phone, Form ADV filing and ownersForm ADV filed May 29, 2026 · 19 private fundsShowHide
- Headquarters
- Manhattan Beach, CAadviserinfo.sec.gov
- Office address
- unknownadviserinfo.sec.gov
- Business phone
- unknownadviserinfo.sec.gov
- Website
- BCAPGROUP.COM
- SEC adviser type
- Exempt reporting adviseradviserinfo.sec.gov
- SEC exemption claimed
- Venture capital fund adviseradviserinfo.sec.govItem 2.B(1): advises solely venture capital funds
- Latest Form ADV
- May 29, 2026
- Private funds reported
- 19 (19 venture capital funds)adviserinfo.sec.gov
- Private fund gross assets, adviser total
- $8.2Badviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
- Owners on Schedule A
- Lightvcmgt, Ltd. (Limited Partner), owns 50% to 75%; B Capital Group Ltd. (General Partner), owns under 5%
Classification history
Classification history
Every classification this record has carried2 on recordShowHide
- Sep 14, 2026Multi-stage venture firm (confirmed, 95%)Both early and growth/opportunity families, reported GAV $8.2B
- Sep 12, 2026Multi-stage venture firm (confirmed, 95%)Both early and growth/opportunity families, reported GAV $6.3B
Evidence
Every observation behind this profile, with its source, date and class
| Fact | Value | Effective | Class | Source |
|---|---|---|---|---|
| Why admitted | VC exemption, VC funds reported | May 29, 2026 | Fact | Form ADV |
| SEC exemption claimed | Venture capital fund adviser | May 29, 2026 | Fact | Form ADV |
| SEC exemption claimed | Venture capital fund adviser | Mar 28, 2024 | Fact | Form ADV |
| SEC adviser type | Exempt reporting adviser | May 29, 2026 | Fact | Form ADV |
| SEC adviser type | Exempt reporting adviser | May 29, 2026 | Fact | Form ADV |
| SEC adviser type | Exempt reporting adviser | Mar 28, 2024 | Fact | Form ADV |
| First Form ADV filing | 2017-03-13 | May 29, 2026 | Fact | Form ADV |
| First Form ADV filing | 2017-03-13 | Mar 28, 2024 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-30 | Oct 1, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-29 | Sep 30, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-25 | Sep 26, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-23 | Sep 24, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-21 | Sep 23, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-22 | Sep 23, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1 | Sep 12, 2026 | Fact | Form ADV |
| Latest Form ADV filing | 2026-05-29 | May 29, 2026 | Fact | Form ADV |
| Latest Form ADV filing | 2026-05-29 | May 29, 2026 | Fact | Form ADV |
| Latest Form ADV filing | 2024-03-28 | Mar 28, 2024 | Fact | Form ADV |
| Adv pdf loaded | adv-pdf-1 | Sep 14, 2026 | Fact | Form ADV |
| SEC status | ERA - Active | May 29, 2026 | Fact | Form ADV |
| SEC status effective | 2017-03-13 | May 29, 2026 | Fact | Form ADV |
| Venture share of reported funds | 1 | May 29, 2026 | Fact | Form ADV |
| Venture share of reported funds | 1 | Mar 28, 2024 | Fact | Form ADV |
| Business phone | May 29, 2026 | Fact | Form ADV | |
| Business phone | Mar 28, 2024 | Fact | Form ADV | |
| Contact page url | Sep 30, 2026 | Fact | Firm website | |
| Contact page url | Sep 16, 2026 | Fact | Firm website | |
| Description | Sep 30, 2026 | Fact | Firm website | |
| Description | Sep 16, 2026 | Fact | Firm website | |
| Description | Sep 14, 2026 | Fact | Firm website | |
| Headquarters | Manhattan Beach, CA | May 29, 2026 | Fact | Form ADV |
| Headquarters | Manhattan Beach, CA | Mar 28, 2024 | Fact | Form ADV |
| Office address | May 29, 2026 | Fact | Form ADV | |
| Office address | Mar 28, 2024 | Fact | Form ADV | |
| Legal form | Limited Partnership | May 29, 2026 | Fact | Form ADV |
| Legal form | Limited Partnership | Mar 28, 2024 | Fact | Form ADV |
| Portfolio page | Sep 30, 2026 | Fact | Firm website | |
| Portfolio page | Sep 16, 2026 | Fact | Firm website | |
| Portfolio page | Sep 14, 2026 | Fact | Firm website | |
| Private funds reported | 19 | May 29, 2026 | Fact | Form ADV |
| Private funds reported | 19 | May 29, 2026 | Fact | Form ADV |
| Private funds reported | 15 | Mar 28, 2024 | Fact | Form ADV |
| Private fund gross assets (reported) | $8.2B | May 29, 2026 | Fact | Form ADV |
| Private fund gross assets (reported) | $8.2B | May 29, 2026 | Fact | Form ADV |
| Private fund gross assets (reported) | $6.3B | Mar 28, 2024 | Fact | Form ADV |
| Schedule a diff | sadiff-1 | May 29, 2026 | Fact | Form ADV |
| Stated geography | Austin, global, los angeles, new york, singapore “geography words on the home page” | Sep 30, 2026 | Fact | Firm website |
| Stated geography | Austin, global, los angeles, new york, singapore “geography words on the home page” | Sep 16, 2026 | Fact | Firm website |
| Stated geography | Austin, global, los angeles, new york, singapore “geography words on the home page” | Sep 14, 2026 | Fact | Firm website |
| Stated sectors | AI, healthcare, energy, robotics, space, industrial, media “sector words on the home page” | Sep 30, 2026 | Fact | Firm website |
| Stated sectors | AI, healthcare, energy, robotics, space, industrial, media “sector words on the home page” | Sep 16, 2026 | Fact | Firm website |
| Stated sectors | AI, healthcare, energy, robotics, space, industrial, media “sector words on the home page” | Sep 14, 2026 | Fact | Firm website |
| Stated stages | Growth, early “stage words on the home page” | Sep 30, 2026 | Fact | Firm website |
| Stated stages | Growth, early “stage words on the home page” | Sep 16, 2026 | Fact | Firm website |
| Stated stages | Growth, early “stage words on the home page” | Sep 14, 2026 | Fact | Firm website |
| Team page | Sep 30, 2026 | Fact | Firm website | |
| Team page | Sep 16, 2026 | Fact | Firm website | |
| Team page | Sep 14, 2026 | Fact | Firm website | |
| Venture funds reported | 19 | May 29, 2026 | Fact | Form ADV |
| Venture funds reported | 19 | May 29, 2026 | Fact | Form ADV |
| Venture funds reported | 15 | Mar 28, 2024 | Fact | Form ADV |
| Website | Mar 28, 2024 | Fact | Form ADV | |
| Website resolved domain | b.capital | Sep 30, 2026 | Fact | Firm website |
| Website resolved domain | b.capital | Sep 16, 2026 | Fact | Firm website |
| Website resolved domain | b.capital | Sep 14, 2026 | Fact | Firm website |
| Site title | Sep 30, 2026 | Fact | Firm website | |
| Site title | Sep 16, 2026 | Fact | Firm website | |
| Site title | Sep 14, 2026 | Fact | Firm website |
How this is scored
Scores, classification basis and filing advisersMulti-stage venture firm, confirmedShowHide
Both early and growth/opportunity families, reported GAV $8.2B
- importance
- gav: 0.88 · funds: 1 · people: 1 · investments: 0.6 · co investors: 0.69
- active deployment
- investments 12m: 0.25 · fund raising 18m: 0 · people joined 12m: 0.33 · vintage within 3y: 1 · latest investment at: 2026-07-29
- emerging manager
- fund count: 19 · reported gav: $8.2B · first adv filing: 2017-03-13 · years since first filing: 9.6
Fits, record history and connections
scored matches for this investor, every identity change, every edge
Record history
- Adviser's first ADV filing2017-03-13source on record
The ledger records every merge, rename and reclassification this record went through and the dated filings observed on it, so the identity on this page can be traced to the records it was built from. The ledger's own sentences name other records, so they show with the names.