[ad_1]
US and Singapore headquartered multi-stage investor, B Capital, has introduced the appointment of Don Wooden as a enterprise companion, focussed on local weather tech.
He’s based mostly in Palo Alto, California and stories to co-founder and co-CEO, Raj Ganguly.
Wooden joins from American non-public fairness agency, Draper Fisher Jurvetson (DFJ). He instructed FinanceAsia that he stays a managing director within the agency’s older DFJ Fund IX and Fund X, however is just not an investing companion within the newer DFJ Development or Threshold funds. He’s nonetheless a restricted companion in these latter automobiles, he defined.
Wooden’s new function, which took impact in February, focusses on constructing the agency’s local weather tech technique, staff and portfolio, the announcement stated. B Capital’s local weather tech portfolio presently contains eight investments throughout the US and Asia, together with Patch Applied sciences, a start-up focussed on software programming interface (API) and developer instruments for the carbon markets; and Accacia, a supplier of synthetic intelligence (AI) decarbonisation instruments for the true property sector.
Whereas he declined to reveal a goal variety of future local weather tech investments, Wooden stated, “We’re actively deploying from our early-stage and development funds to put money into local weather tech, the place we search to help bold founders who envision scale and disruption throughout the sector.”
Areas of local weather tech that the agency is eyeing embody decarbonisation, electrification and adaptation.
“The core mission of B Capital is to champion founders whose applied sciences have the potential to alter how folks work and dwell throughout the globe,” Wooden added.
B Capital earlier this 12 months introduced the $500 million shut of a brand new healthcare fund, B Capital Healthcare Fund I, which targets digital well being and biotech alternatives within the US and Asia.
Learn additionally: B Capital backs Indian fintech CredAvenue
Past healthcare and local weather tech, the agency is eyeing the enterprise and fintech sectors and different opportunistic verticals.
In January, the agency closed a US and Asia-focussed, third Development Fund at $2.1 billion.
Based in 2015, B Capital invests in seed to late-stage enterprise development alternatives and presently has $6 billion in property underneath administration (AUM). It counts roughly 45 staff in Asia, unfold throughout Singapore, India, China, Hong Kong and Indonesia.
What’s your view on the outlook for inexperienced, social and sustainable debt in 2023? We invite traders and issuers throughout APAC to have your say within the sixth annual Sustainable Finance Ballot by FinanceAsia and ANZ.
¬ Haymarket Media Restricted. All rights reserved.
[ad_2]
Source link