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Calidi Biotherapeutics Announces Commitment Of $25 Million In Series B Funding To Advance Stem Cell-Based Platforms For The Delivery And Potentiation Of Oncolytic Viruses To Treat Cancer

PUBLIC · CLDIJun 23, 2023

Round Type

Series B

San DiegoBiotechnologyHealth CareTherapeutics

Description

Calidi Biotherapeutics, Inc. (“Calidi”), a clinical-stage biotechnology company that is pioneering the development of allogeneic cell-based delivery of oncolytic viruses, today announced the commitment of $25 million in Series B funding led by Jackson Investment Group (“JIG”), who has funded an initial investment of $5 million, and participation from Calidi Cure, LLC, a consortium of new and existing investors led by Allan Camaisa, CEO and Chairman of Calidi. The remaining commitment is conditioned upon the consummation of the previously announced business combination between First Light Acquisition Group (NYSEAMERICAN: FLAG) and Calidi. FLAG’s Sponsor and Metric Finance Holdings will contribute sponsor economics to the Series B investors as part of the transaction

Quick answer

Calidi Biotherapeutics raised an undisclosed amount in a Series B round, dated June 23, 2023. Calidi Biotherapeutics is based in San Diego, California, United States.

How much did Calidi Biotherapeutics raise?
Calidi Biotherapeutics raised an undisclosed amount in a Series B round on June 23, 2023.
What does Calidi Biotherapeutics do?
Calidi Biotherapeutics (NYSE American: CLDI) is a clinical-stage immuno-oncology company pioneering the development of targeted therapies with the potential to deliver genetic medicines to distal sites of disease.
Where is Calidi Biotherapeutics based and how big is it?
Calidi Biotherapeutics is based in San Diego, California, United States. Fundz records about 31 employees.
Who are the decision-makers at Calidi Biotherapeutics?
Fundz holds 1 contact at Calidi Biotherapeutics, including the CEO & Chair of the Board. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Therapeutics and Biotechnology around the same time

Companies in the same sectors as Calidi Biotherapeutics that raised within 45 days of this round, from Fundz verified event records.

  • Gracell raised $150M (Post-IPO Equity) on August 7, 2023.
  • Poseida Therapeutics, Inc. raised an undisclosed amount (Corporate Round) on August 7, 2023.
  • Poseida Therapeutics, Inc. raised $25M on August 7, 2023.
  • PredxBio raised $601K (Seed) on August 4, 2023.
  • Oragenics raised $850K (Series C) on August 4, 2023.
  • Ikena Oncology raised $43M on August 4, 2023.

Who to call at Calidi Biotherapeutics, and when

A new round usually means Calidi Biotherapeutics is about to hire and buy. The teams that reach out first get the meeting.

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Company Information

Company

Calidi Biotherapeutics

Location

4475 Executive Drive

San Diego, California, United States

About

Calidi Biotherapeutics (NYSE American: CLDI) is a clinical-stage immuno-oncology company pioneering the development of targeted therapies with the potential to deliver genetic medicines to distal sites of disease. The company's proprietary Redtail platform features an engineered enveloped oncolytic virus designed for systemic delivery and targeting of metastatic sites. This advanced enveloped technology is intended to shield the virus from immune clearance, allowing virotherapy to effectively reach tumor sites, induce tumor lysis, and deliver potent gene therapies to metastatic locations.

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Related People

1 contact
Verified contactsAllan C., CEO & Chair of the Board hiddenSee plans and pricing
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Funding Insights

What this usually means
Timeline to next round
Series B companies typically work for 15-20 months before raising new capital
Growth expectations
Series B companies are expected to scale rapidly and expand market reach

Calidi Biotherapeutics raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

145 of these a day, filtered to the companies you pick, with the decision-maker attached.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.