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Carma Fund

Herzogstr. 64, München, Bayern, 80803, Germany

Overview

Early-stage investment fund for life science and healthcare technologies.

Founded

2021

Deals · 12mo

4

Links

WebsiteLinkedIn

Stage focus

Seed
Series A
Series B

Geographic focus

Germany
Sweden
Switzerland

Sector focus

—

Investment portfolio

12rounds
NAMEDATESIZE
Allogenetics
Sep 2026Participated
$4 MSeries A
Kupando
Mar 2026Participated
$12 MSeries A
Exciva
Jan 2026Participated
$60 MSeries B
TECregen
Jan 2026Participated
$13 MSeed
Akribion Therapeutics
Feb 2025Led
$9 MSeed
Aignostics
Oct 2024Participated
$34 MSeries B
Symphera
Sep 2024Participated
$3 MSeed
Thryve
Aug 2024Participated
$5 MSeries A
Heidelberg Epignostix
Jul 2024Led
$5 MSeed
Acorai
Jan 2024Participated
$5 MSeed
inContAlert
Sep 2023Led
$2 MSeed
Aignostics
Sep 2022Participated
$14 MSeries A
Allogenetics
Sep 2026Participated
$4 MSeries A
Kupando
Mar 2026Participated
$12 MSeries A
Exciva
Jan 2026Participated
$60 MSeries B
TECregen
Jan 2026Participated
$13 MSeed
Akribion Therapeutics
Feb 2025Led
$9 MSeed
Aignostics
Oct 2024Participated
$34 MSeries B
Symphera
Sep 2024Participated
$3 MSeed
Thryve
Aug 2024Participated
$5 MSeries A
Heidelberg Epignostix
Jul 2024Led
$5 MSeed
Acorai
Jan 2024Participated
$5 MSeed
inContAlert
Sep 2023Led
$2 MSeed
Aignostics
Sep 2022Participated
$14 MSeries A
12
Items
Browse all public portfolio deals

Insights

Time horizon

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Deal Distribution

Carma Fund: 12 funding rounds are recorded in the selected participation categories.All available history.
Carma Fund: 12 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed33
Series A04
Series B02

Monthly Deal Activity

Carma Fund: 12 deals are recorded across 50 months.All available history.
Carma Fund: 12 deals are recorded across 50 months. All available history
MonthDeals
Sep '221
Oct '220
Nov '220
Dec '220
Jan '230
Feb '230
Mar '230
Apr '230
May '230
Jun '230
Jul '230
Aug '230
Sep '231
Oct '230
Nov '230
Dec '230
Jan '241
Feb '240
Mar '240
Apr '240
May '240
Jun '240
Jul '241
Aug '241
Sep '241
Oct '241
Nov '240
Dec '240
Jan '250
Feb '251
Mar '250
Apr '250
May '250
Jun '250
Jul '250
Aug '250
Sep '250
Oct '250
Nov '250
Dec '250
Jan '262
Feb '260
Mar '261
Apr '260
May '260
Jun '260
Jul '260
Aug '260
Sep '261
Oct '260

Sector Breakdown

Carma Fund: Health & Life Sciences is the largest displayed sector by deal count (12 deals).All available history.

A deal can appear in multiple sectors, so sector totals may overlap. Capital represents disclosed total round sizes, not fund cheque sizes.

Carma Fund: Health & Life Sciences is the largest displayed sector by deal count (12 deals). All available history
SectorDeals
Health & Life Sciences12
Manufacturing3
AI & Machine Learning3
Consumer & Lifestyle2
Hardware & Robotics1
Developer Tools1

Deal Size Distribution

Carma Fund: 12 rounds have a disclosed size in the displayed size bands.All available history.

Undisclosed round sizes are excluded. Capital represents total round sizes, not fund cheque sizes.

Carma Fund: 12 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M6
$5M-$10M1
$10M-$25M3
$25M-$50M1
$50M-$100M1
$100M-$250M0
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

Carma Fund: Europe has the largest recorded deal count among the displayed regions (12 deals).All available history.

Top 1 of 1 regions; European countries are grouped as Europe.

Carma Fund: Europe has the largest recorded deal count among the displayed regions (12 deals). All available history
RegionDeals
Europe12
Carma Fund: 20 co-investors are shown, with High-Tech Grunderfonds sharing 8 recorded deals.All available history.

Co-Investors

Bubble size = shared deals

Click a bubble to open that fund in a new tab.

Shows up to 20 co-investors ranked by shared deals. Deals may be shared with multiple funds, so rows overlap. Capital is total round size, not fund cheque size.

Carma Fund: 20 co-investors are shown, with High-Tech Grunderfonds sharing 8 recorded deals. All available history
Co-investorShared deals
High-Tech Grunderfonds8
Boehringer Ingelheim3
IBB Ventures3
Bayern Kapital2
Mayo Clinic2
Wellington Partners2
Andera Partners1
ATHOS1
Bayer1
Brandenburg Kapital1
Bruker1
Capricorn Venture Partners1
Cedars-Sinai1
CRB Health Tech1
Eos Bioinnovation1
EQT Life Sciences (LSP)1
Fountain Healthcare Partners1
Gimv1
Hessen Kapital1
IRCAD1

Investment Strategy

Carma Fund: Led accounts for 25% and participating for 75% of round participation.All available history.
Carma Fund: Led accounts for 25% and participating for 75% of round participation. All available history
CategoryDeals (count)Share (%)
Led325%
Participating975%
Carma Fund: Single-lead accounts for 33% and co-led for 67% of lead dynamics.All available history.
Carma Fund: Single-lead accounts for 33% and co-led for 67% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead133%
Co-led267%

Team

Martin Raditsch, PhD, RTTP