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Indian VC HealthQuad closes second fund at USD162m

HealthQuad, an Indian healthcare venture capital fund, has held the final close of its second fund, HealthQuad Fund-II, with a total subscription of USD162 million, more than 2.2 times greater than its target size at launch.

MSD, the global biopharmaceutical company, led commitments from global financial investors, strategic institutions in pharma and healthcare, development financial institutions (DFI), funds of funds and large European conglomerates. 

The diverse investor base includes Ackermans & van Haaren (AvH), Teachers Insurance and Annuity Association of America (TIAA), Quilvest, HCL Corporation, DFIs such as CDC, Swedfund and SIDBI and India’s leading banking services company.

HealthQuad invests in disruptive healthcare models, typically using technology to achieve reach, scale as well as impact. It is backed by Quadria Capital, a healthcare focused private equity fund in Asia, and KOIS, a global pioneer in impact investing and innovative finance. 

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