Venture Builder Associate
Work as part of a venture building team to incubate and grow healthcare startups from scratch, with involvement in all aspects of the business.
The VC Fellowship is a venture capital firm focused on building healthcare companies through a venture builder model.
- Health insurance
- Retirement benefits
- Professional development opportunities
Benefits estimated based on industry standards
When a Healthcare VC Hits 87% of Target at First Close - W Health Ventures' Fund II Reveals Strong LP Appetite for Venture Building When W Health Ventures announced the first close of Fund II at ₹550 crore (87% of ₹630 crore/$70M target), they're signaling something important: venture builder models in healthcare are attracting serious institutional capital. The Fund Mechanics: Started fundraising in July 2025, reached ₹550 crore in the first close within 7 months. Most funds take 12-18 months to hit first close. Reaching 87% of the target this quickly indicates strong LP conviction in both the GP team and healthcare thesis. Pankaj Jethwani, MD MBA (Managing Partner): "With Fund II, we plan to take larger and bolder bets on company creation." The Portfolio: Fund II will invest in 8-10 companies over 4 years with ₹30-50 crore per company. Deployment: 8-10 companies × ₹40 crore average = ₹320-400 crore initial investments Reserves: ₹630 crore - ₹400 crore = ₹230 crore reserves (36% of fund) This 36% reserve ratio is lower than traditional VC (typically 50-60%) because W Health Ventures uses a venture builder model: they incubate from scratch, maintain higher ownership, and reduce the need for defensive follow-ons. The Venture Builder Difference: Founded in 2021, W Health Ventures partners with clinicians to build healthcare companies from inception. This means: Higher ownership (30-50% vs. 15-25%) Better unit economics (₹40 crore buys more equity at the founding stage) Control over execution (acting as co-founders) Portfolio: BeatO(diabetes), Mylo (parenting), Wysa (AI mental health), BabyMD (pediatrics), Reveal HealthTech - collectively serving 25M+ patients globally. What VCs Notice: First close at 87% signals LP appetite for healthcare + venture builder models that own more equity per dollar. Ticket size ₹30-50 crore positions Fund II in early growth stage - post-PMF, pre-scale capital efficiency sweet spot. We recognize Pankaj Jethwani, MD MBA, Gaurav Porwal (Operating Partner), and the entire W Health Ventures team for showing that venture building - not just venture investing - can raise institutional capital at scale. Fund I backed 12 companies serving 25M+ patients. Fund II's trajectory proves the model works. The VC Fellowship teaches you fund construction, venture builder models, and portfolio math. Applications open. Apply Now: https://lnkd.in/gsNZQFvH #venturecapital #funding #venturebuilding #funds #healthcare
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