(Pic above: B Capital partners Gavin Teo, Kabir Narang and Eduardo Saverin.)
Facebook Inc co-founder Eduardo Saverin’s venture capital firm, B Capital Group, said it has raised $360 million for its fund as it seeks to invest in technology start-ups.
B Capital, which is backed by The Boston Consulting Group, invests in sectors such as healthcare, financial services and insurance. The venture firm was co-founded by Saverin and Los Angeles-based Raj Ganguly.
The firm has offices in Los Angeles, San Francisco, New York and Singapore. It has invested in more than 10 companies, including Southeast Asian last-mile logistics provider Ninja Van and India’s Mswipe Technologies, a point-of-sale network provider.
Author Info: This article was first published by Reuters on Business Insider
In the case that the digital currency is structured like a security, the ICO issuing company needs to fulfill the requirements of the Securities and Futures Act, as this precautionary step would better protect investors.