VC firm HealthQuad announces close of second fund for young companies

The second fund of HealthQuad closed with a total subscription of $162 million: more than twice its target size at launch

HealthQuad, a venture capital fund, has announced the final close of its second fund with a total subscription of $162 million: more than twice than its target size at launch.

HealthQuad Fund-II will "nurture innovative healthcare models" in India, said a press statement by the company. HealthQuad is backed by Quadria Capital, a healthcare-focused private equity fund in Asia, and KOIS, which describes its work as "impact investing and innovative finance".

“The close of our second fund marks a significant step for HealthQuad as we continue to invest in one of the world’s most promising healthcare markets. India’s healthcare industry is compounding