Facebook co-founder's VC firm B Capital closes health fund, commits $500 mn

Technological advancements in biology, artificial intelligence, and automation are transforming the healthcare industry, with business models seeing the convergence of traditional players in novel way

B Capital, a venture capital firm set up by Facebook co-founder Eduardo Luiz Saverin and others, has closed the inaugural B Capital Healthcare Fund I. This in conjunction with B Capital Growth Fund III, would allocate over $500 million to opportunities across the healthcare sector, from digital health to biotech. This would be deployed across markets such as the US, India and other parts of Asia, according to the sources.

"Technological advancements in biology, AI (artificial intelligence), and automation are transforming the (healthcare) industry, with business models seeing the convergence of traditional players in novel ways,” said Robert Mittendorff, MD,