Carisma motivates investors for $47m series B

Jan 11, 2021 • Callum Cyrus

IP Group was among the investors for UPenn-founded cancer immunotherapy developer Carisma Therapeutics, which has now raised nearly $109m altogether.

Carisma Therapeutics, a US-based cancer immunotherapy spinout of University of Pennsylvania, closed a $47m series B round on Thursday featuring commercialisation firm IP Group.
The round was led by investment fund Symbiosis II and also included drug development firms Livzon Pharmaceutical, Merck & Co and AbbVie, the latter two participating through MRL Ventures Fund and AbbVie Ventures respectively.
Solasta Ventures, HealthCap, Wellington Partners, TPG Biotech and Agent Capital filled out the deal.
Founded in 2016, Carisma develops…

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