Singapore- and US-based venture capital investor B Capital Group has appointed Don Wood as a venture partner focused on climate-tech investment.
With over 25 years of experience in venture capital and climate tech, Wood will bolster the firm’s growing climate team by providing strategic guidance and mentorship to select portfolio companies, according to an announcement.
Wood most recently served as a managing director at DFJ as well as venture partner and advisor at Energy Impact Partners and Piva Capital, which have funded over 100 climate-tech startups between them.
He also served as a board member for 15 public and private companies and is a faculty member of the Stanford Graduate School of Business, teaching both climate tech and entrepreneurship.
B Capital said the appointment is part of efforts to expand its climate investment strategy and emphasise its dedication to addressing urgent global climate change challenges.
The VC investment firm said it has been tracking opportunities in the climate sector for several years, seeing it as a critical space for investors seeking returns over the next decade and beyond.
Its climate-tech portfolio includes eight investments across the US and Asia, such as Patch Technologies, a company that offers a suite of APIs and developer tools that connect buyers and sellers of carbon credits; and Accacia, which provides AI-enabled decarbonisation solutions to the real estate industry.
“The world is facing urgent challenges due to climate change, and we at B Capital are committed to investing in innovative companies that will provide returns to our investors while having a real impact,” said Sheila Patel, Vice-Chair and General Partner at B Capital.
B Capital was founded by Raj Ganguly and Facebook co-founder Eduardo Saverin in 2015. It oversees $6.3 billion in assets under management across multiple funds from seed- to late-stage venture growth. There are 101 portfolio companies listed on its website, of which eight are from Southeast Asia, 15 are from India, and six are from China.
In March, the firm closed its debut healthcare fund at $500 million. The latest vehicle will see the investor double down on opportunities ranging across health tech, digital health, biotech, and medtech.