B Capital Group has added five new hires to its team. Joining the venture firm are Kabir Narang as investment officer; Virginia Schmitt as chief financial officer and chief administration officer; Chip Welsh as vice president of capital formation; Dave Gallon as vice president of business development; and Hailey Hu as senior associate. Also, the firm has promoted Adam Seabrook to principal.
Manhattan Beach, CA – March 14, 2017 – B Capital Group, a venture capital firm that specializes in growth-stage investments in groundbreaking companies, today announced five new hires and a promotion to its core executive team. These moves will enable the firm to effectively execute its global growth strategy, capitalize on incredible momentum and enable its portfolio companies to accelerate to market, scale rapidly and seize dynamic market opportunities.
B Capital Group Executive team changes include:
· Hiring Kabir Narang: Investment Partner,
· Hiring Virginia Schmitt: Chief Financial Officer & Chief Administrative Officer,
· Hiring Chip Welsh: Vice President of Capital Formation,
· Hiring Dave Gallon: Vice President of Business Development,
· Hiring Hailey Hu: Senior Associate and
· Promoting: Adam Seabrook from Senior Associate to Principal.
“B Capital is a global firm that invests in leading technology companies, helping them scale through corporate partnerships with the world’s leading organizations. We are excited to add these new team members at this stage of our rapidly accelerating growth,” said Raj Ganguly, Co-Founder and Partner, B Capital Group.
“Today’s announcement reflects the scaling and maturity of our investment and platform teams. With these highly talented and accomplished individuals, we have the capacity to pursue more investments and provide greater support to our portfolio companies as they grow into industry leaders,” adds Gavin Teo, Partner, B Capital Group.
Since its first investment of Asian logistics provider Ninja Van in April 2016, B Capital Group has added four new investments of high-growth startups, including evidence based medicine provider Evidation Health, Asian benefits and wellness platform CXA Group, online mental health platform SilverCloud Health, and SaaS-based transportation and logistics provider Lanetix. The firm now employs nearly 20 experienced investment professionals, in three global offices, led by four partners: Facebook co-founder Eduardo Saverin, Raj Ganguly, Gavin Teo and Kabir Narang.
Kabir Narang has joined B Capital Group’s Singapore office as an Investment Partner, leading the firm’s Asian investment efforts. Narang has remarkable global experience, previously serving as Partner at Eight Roads Ventures, which is Fidelity’s venture capital group, where he led investments in technology and financial services companies. He was also a member of the Regional Partners Committee, which evaluated opportunities across Asia, including in China and Japan. Prior to Eight Roads, Kabir was employed at Warbug Pincus. Kabir began his career in consulting at McKinsey in India and BCG in the United States.
Virginia Schmitt, Chief Financial Officer & Chief Administrative Officer, has a strong track record of performing potential transaction due diligence, transaction execution and portfolio management. Virginia will lead fund operations, finance and administration, based in Los Angeles. She previously served as Vice President at Open Gate Capital, an international private equity firm that acquires controlling interests in businesses with solid fundamentals, and that exhibit opportunities for operational improvements and growth. Prior to that role, Virginia served in the Transaction Advisory Group at Ernst & Young.
Chip Welsh, Vice President of Capital Formation, joins to lead B Capital investor relations and fundraising efforts, based in Los Angeles. He previously served as the Vice President of Distribution at First Avenue Partners, Vice President of Client Relations & Consultant Relations at Epoch Investment Partners, and Associate of Global Platform Distribution at SkyBridge Capital.
Dave Gallon, Vice President of Business Development, will be responsible for driving relationships between B Capital portfolio companies and corporate partners, including through the BCG network. Dave joins the firm from Toyota Motor Corporation, where he spent 15 years in senior roles in brand management, strategic planning and innovation. Most recently, Dave was a Senior Director of Strategic Insight and Innovation, and was managing Toyota’s mobility innovation team, focused on technologies to help customers achieve safer, more ecological, and more comfortable mobility.
Hailey Hu will join B Capital’s Singapore office as Senior Associate, focused on sourcing and executing new investments and supporting portfolio management, with a particular focus on the Asian Healthcare market. Hailey was a previous Summer Associate with B Capital. Most recently, Hailey was a Health Strategy Consultant with Accenture and joins us after completing her M.B.A. at INSEAD.
Adam Seabrook has been promoted from Senior Associate to Principal. In his year-and-a-half at B Capital, Adam has been responsible for sourcing and executing new investments and for managing several healthcare portfolio companies. In his new role, Adam will take on a greater leadership role in B Capital’s healthcare investment practice. Prior to joining B Capital Group, Adam invested at Council Capital and operated as Director of Operational Finance at Imaging Advantage.
About B Capital Group
B Capital Group is a venture capital firm specializing in growth-stage investments with pioneering companies that are ready to scale across the global stage. B Capital Group was co-founded in 2015 by Eduardo Saverin and Raj Ganguly with offices in San Francisco, Los Angeles and Singapore. Partnering with The Boston Consulting Group, and its incubation arm BCG Digital Ventures, B Capital delivers unparalleled access to top corporations to match cutting-edge start-ups with the world’s most powerful CEOs, platforms, and brands. Current portfolio companies include CXA Group, Evidation Health, SilverCloud Health, Lanetix and Ninja Van.
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