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Quadria Group Launches $300 Mn HealthQuad Fund After Split With KOIS

  • Quadria Group has launched HealthQuad Fund III with a target corpus of $300 Mn, including a $100 Mn green shoe option.
  • HealthQuad was created in 2016 under Quadria to focus on early-growth healthcare innovations.
  • Quadria will take full ownership of HealthQuad following its separation from impact investor KOIS.
  • HealthQuad Fund III will invest in 13-15 healthtech startups, including AI-based healthcare models and digital therapeutics.
  • The fund will predominantly invest in India with a small allocation to Southeast Asia.
  • HealthQuad's previous funds backed companies like Qure.ai, Medikabazaar, Wysa, and Strand Life Sciences.
  • Fund III aims to support early-stage tech-enabled healthcare ventures in India and other regions.
  • HealthKois launched a $300 Mn fund to support early and growth-stage healthtech startups.
  • Healthtech investments in India peaked at $1.4 Bn in 2022, with a surge to $716 Mn in 2024.
  • Despite the growth, Indian healthtech startups face challenges due to a lack of domestic capital.

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