B Capital Group, a US-based venture capital firm affiliated with management consultancy Boston Consulting Group (BCG), has appointed Joe Davis vice-chairman and executive sponsor.
Davis joined BCG from household product manufacturer Procter & Gamble in 1988, and co-founded its Washington DC office in 1996. He will continue his responsibilities as BCG chairman for North America, a role he took in 2016, and will be B Capital’s executive sponsor within BCG.
Davis said: “I am excited to further deepen the partnership between BCG and B Capital by serving as the executive sponsor and vice-chairman for B Capital.”
B Capital announced the move alongside other board-level appointments, including the recruitment of Howard Morgan, co-founder of VC firm First Round Capital, as chairman. Morgan, who retired as a First Round partner earlier this year, has also been a director at incubator Idealab since 2002.
B Capital launched in partnership with BCG to back healthcare, fintech, logistics and consumer startups, and had raised $181m for its first fund as of May 2017, according to a securities filing.
The firm’s founding partners include BCG’s Raj Ganguly and Eduardo Saverin, a co-founder of social network Facebook.
– Photo of Joe Davis courtesy of Boston Consulting Group