b capital group

b capital group

Courtesy of Mike Fernandez

On this episode of the LA Venture podcast, the B Capital Group’s Mike Fernandez discusses investing in growth-stage companies and the current state of the later stage private markets.

Fernandez joined B Capital the year it started in 2015. It now has 150 employees and $6.5 billion assets under management. B Capital’s growth team primarily focuses on Series B all the way through pre-IPO funding rounds, writing checks of anywhere from $10M to $100M for growth-stage companies.

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Courtesy of Raj Ganguly

On this episode of the L.A. Venture podcast, B Capital Group co-founder and partner Raj Ganguly talks about the new early-stage fund B Capital closed this week, as well as his outlook for startups in this rocky investing environment.

B Capital’s new $250-million, early-stage fund launched on Tuesday. The firm writes checks of between $250,000 to $8 million from its venture fund. From its growth fund, it writes checks of between $10 million and $100 million. Since launching, the group has backed 130 founders and now has over $6 billion in assets under management.

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Art by Semira Chadorchi/ semichad.com

Funding for Southern California startups has stalled as some of the region's biggest investors spread money outside the region.

In 2010, roughly one in every 10 startup dollars deployed nationally funded tech companies in Southern California. A decade later, that share has remained stubbornly static, even as the total sum invested in local startups ballooned from $4 billion in 2010 to $14 billion in 2019. That's according to a new report commissioned by Alliance for SoCal Innovation, a nonprofit advocating for the local tech scene.

"The good news is the pie has gotten bigger, but our slice of it has stayed more or less the same," said Andy Wilson, the executive director of the Alliance.

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