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Clasp Therapeutics raised $150M in a Series A financing led by Novo Holdings, Third Rock, and Catalio to develop next-generation personalized and off-the-shelf immunotherapies targeting hard-to-treat tumors.

PRIVATEMar 20, 2024

Amount Raised

$150 Million

Round Type

Series A

RockvilleBiotechnologyHealth CareTherapeutics

Investors

American Cancer Society’s Philanthropic FundCatalioThird RockNovo Holdings

Description

Clasp Therapeutics launched with $150 million in Series A financing to develop a portfolio of next-generation immunotherapies that are both personalized and off-the-shelf to target hard-to-treat tumors. The funding round was led by major investors Novo Holdings, Third Rock, and Catalio, with participation from the American Cancer Society’s philanthropic fund and others.

Quick answer

Clasp Therapeutics raised $150 Million in a Series A round, dated March 20, 2024. Investors: American Cancer Society’s Philanthropic Fund, Catalio, Third Rock and Novo Holdings. Clasp Therapeutics is based in Rockville, Maryland, United States.

How much did Clasp Therapeutics raise?
Clasp Therapeutics raised $150 Million in a Series A round on March 20, 2024.
Who invested in Clasp Therapeutics?
American Cancer Society’s Philanthropic Fund, Catalio, Third Rock and Novo Holdings are named as investors in this round.
What does Clasp Therapeutics do?
Clasp Therapeutics aims to bring absolute precision to immuno-oncology by developing next-generation T cell engagers (TCEs) that target tumor-specific oncogenic driver mutations across hard-to-treat cancers.
Where is Clasp Therapeutics based and how big is it?
Clasp Therapeutics is based in Rockville, Maryland, United States.
Who are the decision-makers at Clasp Therapeutics?
Fundz holds 1 contact at Clasp Therapeutics. 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 Clasp Therapeutics that raised within 45 days of this round, from Fundz verified event records.

  • Zenas BioPharma raised $200M on May 3, 2024.
  • BridgeBio raised $200M (Pre-Seed) on May 3, 2024.
  • Delphia Therapeutics raised $67M (Series A) on May 2, 2024.
  • Novocure raised $400M (Debt Financing) on May 2, 2024.
  • Scipher Medicine raised $25M on May 2, 2024.
  • Medicenna raised $15M on April 30, 2024.

Who to call at Clasp Therapeutics, and when

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

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Company Information

Company

Clasp Therapeutics

Location

Rockville, Maryland, United States

About

Clasp Therapeutics aims to bring absolute precision to immuno-oncology by developing next-generation T cell engagers (TCEs) that target tumor-specific oncogenic driver mutations across hard-to-treat cancers. Clasp is developing T cell engagers to match both the specific characteristics of the patient’s immune system and the specific genetics of their tumor, enabling the creation of exquisitely personalized, yet off-the-shelf, therapeutics. Built upon academic research in the labs of Bert Vogelstein and Drew Pardoll at Johns Hopkins University, Clasp is backed by prominent life sciences investors including Catalio Capital Management, Third Rock Ventures and Novo Holdings. The company was launched in March 2024 and is based in Cambridge, MA and Rockville, MD. For more information about Clasp, please visit www.clasptx.com

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Funding Insights

What this usually means
Typical timeline to Series B
Series A companies typically raise their next round in 10-18 months

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

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