New fund · Healthcare & Life Sciences
W Health Ventures closes fund ii at rs 550 crore first close
By Startup Enthusiast ·
- Date
- Company
- W Health Ventures
- What it does
- Early-stage healthcare VC
- Kind
- New fund
- Amount
- Rs 550 crore
- Based in
- Boston
What they do
W Health Ventures is an early-stage healthcare-focused venture capital firm with a company creation model
What happened
It announced the first close of Fund II at Rs 550 crore, targeting Rs 630 crore, to build 8-10 startups over four years
Why it matters
Fund I portfolio includes BeatO, Wysa, and Mylo; Fund II's first startup is Everhope Oncology with Narayana Health
The details
- W Health Ventures announced the first close of its Fund II at Rs 550 crore.
- The fund's target is Rs 630 crore.
- The fund will build and scale 8 to 10 new startups over 4 years.
- It plans to invest Rs 30-50 crore per incubation.
- The first startup from Fund II is Everhope Oncology, a national oncology platform in partnership with Narayana Health.
- Another stealth incubation is helping US psychiatry clinics launch advanced treatments for treatment-resistant depression.
- The fund is also exploring longevity, modern preventive health, geriatrics, and chronic pain management.
The bigger picture
- W Health Ventures' Fund I portfolio includes BeatO (diabetes), Wysa (AI mental health), and Mylo (parenting).
- Its portfolio companies have impacted over 25 million individuals globally.
- The firm uses a company creation model in India and the US-India corridor.
About the business
- W Health Ventures is an early-stage healthcare-focused venture capital firm.
- It uses a company creation model to build startups in India and the US-India corridor.
- It has offices in Boston, Delhi, Mumbai, and Bangalore.
- It has deployed $65M+ across 14 portfolio companies.
- All portfolio companies have raised downstream capital.
- Its portfolio companies have reached 25M+ patients.
What happens next
- Build and scale 8 to 10 new startups over 4 years.
- Invest Rs 30-50 crore per incubation.
- Explore longevity, modern preventive health, geriatrics, and chronic pain management.
The deal
- Type
- fund
Founders
- Dr. Pankaj Jethwani, Managing Partner
- Gaurav Porwal, Partner
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