Thursday, April 16, 2020
Wavemaker Three-Sixty Health Launches New Fund
Pasadena-based Wavemaker Three-Sixty Health, a healthcare innovation fund led by Jay Goss and Dr. John Nackel, says it has launched a new venture capital fund, Wavemaker Three-Sixty Health Fund II. Size of the new fund was not announced. According to Wavemaker 360, the fund focuses on healthcare start-ups seeking seed-stage investment, and importantly avoids biotech. The firm says it has invested in 30 companies since it was founded in mid-2018, and now has investments in California, Boston, Cleveland, NY/NJ, Chicago, Florida and Denver. According to Wavemaker 360, the launch of Fund II is ahead of schedule as a result of a "surge in demand for all-things-healthcare-innovation". The company said that its many companies have been responding to the effort to confront the coronavirus (SARS-CoV-2) and COVID-19. Wavemaker 360 has operations in Pasadena, Santa Monica and La Jolla, along with Nashville, Virginia Beach and Singapore, and is part of the Wavemaker Partners family of funds and the Draper Venture Network.