B Capital favors companies involved in commerce and logistics, specifically European, Indian and Asian companies that don’t make it onto Silicon Valley’s radar
Saverin tells a different story today. The son of Brazilian parents who relocated to Miami, Saverin was born in São Paulo but grew up affluent in south Florida, attending boarding school there before heading to Harvard, where he made his fateful connection to Zuckerberg while a junior studying economics. After his involvement with Facebook, Saverin dabbled at several startup projects before moving to Singapore for what was supposed to be a short stay to help a friend launch a business.
In the years since he secured his once-in-a-lifetime stake—$2 billion at the time of IPO—he’s embraced a new role as venture capitalist at B Capital, the firm he cofounded in 2015. While cofounder Ganguly oversees more of the day-to-day management, Saverin’s on every investment call and oversees one key aspect of B Capital’s strategy, its investments in Southeast Asia and India.
One example: Ninja Van. A last-mile logistics provider for delivery services in Southeast Asia, the Singapore-based startup employs 2,000 people and works with 10,000 drivers. It’s an expensive, complex business where B Capital stepped in to write a check when others balked. “Eduardo and the team asked the right questions,” says Lai Chang Wen, CEO of Ninja Van. “They’re able to give us a wider perspective across businesses and geographies.
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