DIVERSITY: Healthcare Venture Fund Wavemaker 360 Brings on First Female Partner, Monica Jain

A venture fund focused on early-stage healthcare startups has brought on its first female partner. Monica Jain, a surgeon, is the eighth partner to join Wavemaker 360.
The fund, with HQ in Pasadena, has $85 million-plus assets under management across two funds. In less than four years, it’s invested in 45 healthcare companies spanning the US, Canada, Europe and Singapore.  

The fund has a network of more than 225 LPs, which are either healthcare entities or execs in various areas of healthcare. 

Jain brings “a clinical perspective” to Wavemaker 360’s portfolio of startups, which includes digital health, med-device, telehealth and pharma-tech, according to a press release issued by the fund.

Jain comes to Wavemaker 360 as a multidisciplinary healthcare expert with a background in biomedical engineering and healthcare innovation.

She’s “passionate about narrowing the divide between innovative technologies and their clinical applications,” according to the release. 

As a surgeon, healthcare innovation strategist and collaborator, she’s consulted numerous healthcare startups, She also works on several leadership, education and clinical efficacy projects.

“So many companies have excellent ideas that can solve serious problems in the healthcare space, but they often lack the insider guidance that’s needed for proper implementation and adoption in the healthcare industry,” she said, in the release. “My aim is to ensure that all companies Wavemaker 360 invests in are attuned to the purpose of their product so there are no roadblocks as they go to market.”

Raised in a family of engineers, Jain has always been curious about developing new technologies to solve complex problems. Fusing her love of tech innovation with the human perspective gained through patient work in medicine, she is poised to add leading-edge insights to the Wavemaker 360 team and its growing portfolio of seed-stage startups.

She got a Bachelor of Science in biomedical engineering from Boston University, acquired a Doctor of Medicine degree from Boston University School of Medicine, completed her general surgery residency at Cedars-Sinai, and completed an endocrine surgery fellowship at the University of California San Francisco Medical Center.