CHARM Therapeutics Funding, Investors & Competitors

CHARM Therapeutics has raised $163M across 4 funding rounds, most recently a $80M Series B in September 2025.

Last CHARM Therapeutics funding round

$80M

Series B · Sep 2025

Cumulative funding CHARM Therapeutics raised

$163M

across 4 funding rounds

Key investors in CHARM Therapeutics

  • Khosla Ventures
  • OrbiMed
  • F-Prime
  • General Catalyst
  • New Enterprise Associates
  • NVIDIA
  • SR One
  • NVentures

CHARM Therapeutics Overview

About CHARM Therapeutics

CHARM Therapeutics is an Oxford-based biotech firm developing small-molecule drugs targeting menin-KMT2A interactions for acute myeloid leukemia. Its DragonFold AI platform designs inhibitors active against resistance mutations, advancing a lead candidate from preclinical to Phase 1 trials. The company collaborates with UK research institutes on protein-ligand modeling.


Founded

2021

HQ

United KingdomLondon

Status

Privately held

Customer focus

B2B

Revenue model

Product sales, Subscription

CHARM Therapeutics Funding History

CHARM Therapeutics has raised a total of $163M across 4 funding rounds.

CHARM Therapeutics' first fundraising round was a $13M Series A in October 2021. The most recent completed round was a $80M Series B in September 2025.

CHARM Therapeutics funding rounds

CHARM Therapeutics funding rounds
DateStageInvestorsRaisedDeal Summary
Sep 2025Series BNew Enterprise Associates (lead); SR One (lead); NVIDIA; F-Prime; Khosla Ventures; OrbiMed$80MCHARM Therapeutics, a UK-based biotechnology company with operations in Cambridge and London, closed an oversubscribed $80 million Series B funding round on September 2, 2025, co-led by New Enterprise Associates (NEA) and SR One, with participation from existing investors OrbiMed, F-Prime, Khosla Ventures, and NVIDIA. The company, co-founded by Nobel laureate David Baker, leverages its proprietary DragonFold AI-driven drug discovery platform to develop next-generation precision oncology treatments, specifically a menin inhibitor designed to overcome resistance mutations in first-generation therapies for acute myeloid leukemia (AML). This candidate aims for superior efficacy, durability, and safety, including reduced risk of cardiac arrhythmia and drug-drug interactions at low doses, with clinical development targeted to start in Q1 2026. The funding will advance the lead menin inhibitor into first-in-human trials early 2026, following strong preclinical data. CHARM has now raised over $150 million cumulatively from leading international investors. The round underscores investor confidence in CHARM's breakthrough approach amid limitations of prior menin inhibitors like Syndax's FDA-approved revumenib (Revuforj). In parallel, the company strengthened its board with oncology experts Briggs Morrison, M.D. (former Syndax CEO), Kim Blackwell, M.D., and investor representatives Matthew McAviney (NEA) and Mahesh Kudari (SR One). CHARM positions itself in the competitive AML landscape, targeting treatment-resistant cancers with limited options. Cooley advised on the financing, and the company recently saw a leadership transition with co-founder Laksh Aithani departing as CEO but remaining on the board, while Gary Glick serves as executive chairman. A new chief medical officer is expected to be announced soon.
Apr 2023Undisclosed stageNVentures (lead)$20M-
Jun 2022Series AF-Prime (lead); OrbiMed (lead); General Catalyst; Khosla Ventures; Saya Bio; Braavos Investment Advisers; Axial VC$50MCHARM Therapeutics, a London-based biotechnology company co-founded by David Baker, Ph.D., and Laksh Aithani, uses 3D deep-learning and AI, including its proprietary DragonFold protein-ligand co-folding platform, to discover and develop small molecule therapeutics against hard-to-drug targets in cancer and other areas. The company announced a $50 million Series A financing on June 9, 2022, co-led by F-Prime Capital and OrbiMed, with participation from General Catalyst, Khosla Ventures, Braavos, Axial, and Grep VC. Gary D. Glick, Ph.D., serial biotech entrepreneur and founder of IFM Therapeutics, Scorpion Therapeutics, and Odyssey Therapeutics, joined as Executive Chair. The Series A funding supported building an interdisciplinary team combining AI, drug discovery, and structural biology expertise to redefine drug discovery processes. Investors highlighted CHARM's world-class team and the breakthrough in AI-driven protein structure prediction for life sciences. Subsequently, CHARM raised additional capital, including a $20.05 million Series A-II on May 15, 2023, and an oversubscribed $80 million Series B on September 2, 2025, co-led by New Enterprise Associates (NEA) and SR One, with participation from OrbiMed, F-Prime, Khosla Ventures, and NVIDIA, bringing total funding over $150 million. The Series B advances a next-generation menin inhibitor for AML that overcomes resistance mutations, with clinical development planned for early 2026.
Oct 2021Series A-$13MCHARM Therapeutics raised $13 million in a Seed VC round on October 22, 2021. The company develops a deep learning platform to deliver transformational medicines through 3D deep learning and computational protein design. Founded in 2021 and based in London, United Kingdom, it focuses on precision oncology treatments using an AI-driven drug discovery platform. This seed funding preceded later rounds, including a $37 million Series A announced in June 2022, which valued the firm between $100 million and $150 million post-money and brought total funding to $50 million. Investors in early rounds included OrbiMed, F-Prime Capital, Khosla Ventures, and General Catalyst. The company has since advanced programs like a next-generation menin inhibitor for acute myeloid leukemia (AML).

Who has invested in CHARM Therapeutics?

11 investors have backed CHARM Therapeutics across its funding rounds, including Khosla Ventures, OrbiMed, F-Prime, General Catalyst, New Enterprise Associates and NVIDIA.

Lead investors include New Enterprise Associates, SR One, NVentures, F-Prime and OrbiMed.


CHARM Therapeutics Investors

Investors in CHARM Therapeutics by funding rounds participated
InvestorHQRoundsRoleFirst check
F-PrimeUnited StatesUnited States2LeadJun 2022
Khosla VenturesUnited StatesSan Francisco, CA2ParticipantJun 2022
OrbiMedUnited StatesNew York City, NY2LeadJun 2022
NVIDIAUnited StatesSan Jose, CA1ParticipantSep 2025
General CatalystUnited StatesSan Francisco, CA1ParticipantJun 2022
NVenturesUnited StatesSan Jose, CA1LeadApr 2023
New Enterprise AssociatesUnited StatesSan Francisco, CA1LeadSep 2025
SR OneUnited StatesUnited States1LeadSep 2025
Saya BioUnited StatesCalifornia City, CA1ParticipantJun 2022

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CHARM Therapeutics Competitors

CHARM Therapeutics competitors include listed companies like SAP and Snowflake, and private ones like Astromech, Chai Discovery, Anthropic and OpenAI.

Public and private companies comparable to CHARM Therapeutics
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
AstromechUnited StatesUnited StatesPrivate--$3.8B-
Chai DiscoveryUnited StatesSan Francisco, CAPrivate$48M-$3.8B-
AnthropicUnited StatesSan Francisco, CAPrivate$47B-$965B20.5x
OpenAIUnited StatesSan Francisco, CAPrivate$25B-$852B34.1x
SAPGermanyGermanyPublicly listed$42B$13B$248B5.4x
SnowflakeUnited StatesUnited StatesPublicly listed$4.7B($1.3B)$119B21.0x

CHARM Therapeutics Public Comps

CHARM Therapeutics is still privately-owned, but its public comps include Eli Lilly, Johnson & Johnson, AbbVie, Merck, Roche, Novartis, AstraZeneca, CrowdStrike, SAP and Amgen.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Eli Lilly$65B$28B16.5x13.1x38.7x27.0x
Johnson & Johnson$94B$40B7.2x6.8x17.0x18.3x
AbbVie$61B$17B8.7x8.1x30.6x17.6x
Merck$65B$28B6.3x6.2x14.7x21.0x
Roche$77B$26B5.0x4.9x14.6x12.4x
Novartis$57B$22B5.5x5.5x14.2x13.3x
AstraZeneca$59B$19B4.8x4.5x14.6x12.7x
CrowdStrike$4.8B($12M)51.4x44.5x(19816.2x)151.0x

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Common questions about CHARM Therapeutics

When was CHARM Therapeutics founded?CHARM Therapeutics was founded in 2021.
Where is CHARM Therapeutics headquartered?CHARM Therapeutics is headquartered in London, United Kingdom.
Is CHARM Therapeutics publicly listed?No, CHARM Therapeutics is a private, VC-backed company.
How much funding has CHARM Therapeutics raised?CHARM Therapeutics has raised $163M across 4 funding rounds.
What was CHARM Therapeutics' last funding round?CHARM Therapeutics' last funding round was a $80M Series B in September 2025, led by New Enterprise Associates and SR One.
Who are CHARM Therapeutics' investors?CHARM Therapeutics' investors include F-Prime, Khosla Ventures, OrbiMed, NVIDIA, General Catalyst, NVentures, New Enterprise Associates, SR One, Saya Bio, Braavos Investment Advisers and 1 other.
Which companies are comparable to CHARM Therapeutics?Companies comparable to CHARM Therapeutics include Astromech, Chai Discovery, Anthropic, OpenAI, SAP and Snowflake.

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