Bengaluru, July 18 -- Delhi-based venture capital firm W Health Ventures is likely to announce the first close of its second fund of $100-150 million in the coming weeks, according to two people aware of the development. The new fund will double down on early-stage healthcare investments in companies across India and the US.

The new fund will continue to back startups at the seed and Series A stages, with cheque sizes of $1 million-$5 million and will participate in larger rounds with co-investors.

"W Health Ventures is at a pivotal stage in its growth. We are currently raising our fund II, and in the coming weeks, we will share updates on the fundraise and key leadership appointments made over the past year," W Health's managing partne...