Private Equity Firm Financial Services

B Capital

San Francisco, United States

B Capital invests globally in technology-focused founders and businesses through stage-based venture growth investments, supported by a value-add platform and strategic partnership with The Boston Consulting Group.

Focus Areas
Venture growth investing, Resilience technology investing
Website
b.capital

Tracked deals

3

3 tracked deals across 2026.

Recent pace

3

3 tracked deals announced in the last 12 months.

Deal mix

Growth capital

2 growth capital · 1 buyout

B Capital Acquisition Volume by Year

Last 1 years

Acquisition volume by year Annual acquisition counts for the last 1 years for B Capital. ~4 est. 3 2026
Actual Full-year estimate

Supporting Data

Recent Transactions

  • Russell Investments to be Acquired by B Capital-Led Investor Consortium
    July 9, 2026
    Buyer
    B Capital, California Public Employees' Retirement System (CalPERS)
    Target
    Russell Investments
    Seller
    TA Associates, Reverence Capital Partners
    Industry
    Financial Services
    Location
    Washington, United States
    Type
    Buyout

    Russell Investments has agreed to be acquired by an investor consortium led by B Capital, with CalPERS joining as an investor. The deal will be purchased from TA Associates and Reverence Capital Partners, and Russell Investments will continue operating independently under its existing leadership. The transaction is expected to close in the first quarter of 2027, subject to regulatory approvals and customary closing conditions.

  • Knox Systems Raises $25M Series A Led by B Capital
    March 17, 2026
    Buyer
    B Capital, M12, Microsoft's Venture Fund, Okta Ventures, MongoDB Ventures, Hearst Ventures, Benchstrength, Felicis, Firsthand, Ridgeline
    Target
    Knox Systems
    Industry
    Cloud & SaaS
    Location
    New York, United States
    Type
    Growth capital

    Knox Systems, a federal AI-managed cloud provider, raised $25 million in Series A funding to scale its managed platform for delivering FedRAMP authorization in about 90 days at significantly lower cost. The round was led by B Capital with participation from M12, Microsoft’s Venture Fund, Okta Ventures, MongoDB Ventures, Hearst Ventures, and prior investors Felicis, Firsthand, and Ridgeline.

  • Apptronik Raises $520 Million Series A-X Extension Round to Scale Apollo Humanoid Robots
    February 11, 2026
    Buyer
    B Capital, Google, Mercedes-Benz, PEAK6, AT&T Ventures, John Deere, Qatar Investment Authority (QIA)
    Target
    Apptronik
    Industry
    AI & Machine Learning
    Location
    Texas, United States
    Type
    Growth capital

    Apptronik, a human-centered robotics company, closed a $520 million Series A-X extension round following an oversubscribed initial Series A raise in 2025, bringing its Series A total to more than $935 million. The new funding will ramp production of its Apollo humanoid robot and expand global commercial and pilot deployments across manufacturing and logistics (with future expansion planned for retail and healthcare).

Related Acquisition Pages

AI & Machine Learning Buyers & Acquisitions 1 tracked deal by B Capital. Cloud & SaaS Buyers & Acquisitions 1 tracked deal by B Capital. Financial Services Buyers & Acquisitions 1 tracked deal by B Capital. Acquisitions in New York 1 tracked deal by B Capital. Acquisitions in Texas 1 tracked deal by B Capital. Acquisitions in Washington 1 tracked deal by B Capital.

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