Fundraising Fox

Kardigan

NASDAQ: KARD

Founded 2023 Β· Incorporated in Delaware Β· 221 employees on LinkedIn Β· Public Β· 7 known investors

Kardigan develops targeted cardiovascular treatments through a discovery and translational research platform, with a pipeline of late-stage drug candidates aimed at functional cures for cardiovascular disease. The company integrates AI and real-world data to advance clinical development across multiple underserved cardiovascular conditions.

Also known as Kardigan, Inc.

Investors Β· 7

Also in the syndicate Β· 4

Doug GiordanoleadFidelity Management & Research CompanyT. Rowe Price AssociatesT. Rowe Price Investment Management

Funding

SEC filings, press & company announcements

Source: company announcements and press reports β€” follow each round's link for the claim.

Company profile

researched Aug 2026

Kardigan is a cardiovascular-focused biopharmaceutical company based in South San Francisco, California and Princeton, New Jersey, founded in 2023 by former MyoKardia executives. It describes itself as a "heart health company" seeking to modernize cardiovascular drug development by targeting the underlying drivers of disease rather than symptoms, with the stated goal of achieving functional cures. The company combines a discovery and translational research platform with a portfolio assembled through in-licensing and acquisitions of clinical-stage assets.

Its clinical pipeline consists of three programs in indications where the company states no approved therapies exist: danicamtiv, a direct cardiac myosin activator for genetic dilated cardiomyopathy (DCM) in the Phase 2b/3 KINSHIP-DCM trial, in-licensed on exclusive worldwide development and commercialization terms from Bristol Myers Squibb after original discovery at MyoKardia; ataciguat, a once-daily oral soluble guanylyl cyclase activator for moderate calcific aortic valve stenosis (CAVS) in the Phase 2b KATALYST-AV trial, with rights acquired and in-licensed from Sanofi and Mayo Clinic; and tonlamarsen, an angiotensinogen antisense oligonucleotide for acute severe hypertension (ASH) in the Phase 2b KARDINAL-ASH trial, in-licensed on exclusive worldwide terms from Ionis. The company frames the three programs as complementary, generating cross-program insights into core cardiovascular pathways to support R&D beyond the initial indications.

Kardigan is led by co-founder, CEO and chair Tassos Gianakakos, previously CEO of MyoKardia (acquired by Bristol Myers Squibb for $13.1 billion in 2020), with Jay Edelberg, M.D., Ph.D. as co-founder and chief medical officer and Bob McDowell cited as a third co-founder. Its board includes Paul Berns (ARCH Venture Partners), David Meeker, M.D. (Rhythm Pharmaceuticals), Doug Giordano (Perceptive Advisors), Kim Popovits and Tim Walbert.

Compiled by commissioned research from 8 cited public sources β€” announcements, filings, and press listed under research sources below.

Key figures

latest reported
EmployeesJan 202556 people
Late stage clinical programsSep 20253 programs
Net loss from operationsJan 2025$202M
Research and development expenseJan 2025$153M
Total funding raisedMar 2026$570M

Company-reported or press-reported figures, each dated to when it was claimed β€” not independently audited.

Competitors Β· 1

by search overlap

Companies competing with Kardigan for the same Google search keywords, organic and paid, via search-intersection analysis.

Timeline Β· 9

launches, deals, and filings
Aug 2026
Second quarter 2026 financial results and business update

source β†—

Jun 2026
Closing of IPO and full exercise of underwriters' option

Kardigan announced closing of its initial public offering and the full exercise of the underwriters' option to purchase additional shares.

source β†—

Jun 2026
Pricing of upsized initial public offering announced

source β†—

May 2026
Kardigan discloses plans for initial public offering

Kardigan publicly disclosed IPO plans via federal filings; the filing stated the company had raised almost $570 million as of March 31.

source β†—

Oct 2025
$254 million Series B

Series B round closed in fall 2025; investors cited include ARCH Venture Partners, Venrock, Fidelity Management & Research Company, Sequoia Capital and T. Rowe Price.

$254M source β†—

Sep 2025
Prolaio operating as a Kardigan subsidiary

Prolaio, a cardiovascular technology and connected care company co-founded by Tassos Gianakakos, is a subsidiary of Kardigan; its AI and real-world data platform is integrated into Kardigan's clinical development.

source β†—

Sep 2025
Kardigan unveils three late-stage cardiovascular programs

Company publicly introduced its late-stage portfolio in DCM (danicamtiv), ASH (tonlamarsen) and CAVS (ataciguat), and noted Phase 2a danicamtiv data to be presented at the Heart Failure Society of America Annual Scientific Meeting on September 29, 2025.

source β†—

Jan 2024
$300 million Series A

Series A financing reported at $300 million, with investors including Perceptive Advisors, ARCH Venture Partners and Sequoia Heritage. Sources differ on timing (2024 vs. January 2025).

$300M source β†—

Jan 2023
Kardigan founded by former MyoKardia executives

Founded in 2023 by Tassos Gianakakos, Jay Edelberg and Bob McDowell, all previously with MyoKardia.

source β†—

Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.

In the news

β–ΈResearch sources Β· 8

primary sources listed

8 public sources were cited for this profile; the first-party ones are listed here.

Frequently asked questions

What does Kardigan do?
Cardiovascular biopharma developing three late-stage in-licensed heart drugs, founded by ex-MyoKardia executives; IPO'd in June 2026.
Who are Kardigan's investors?
Kardigan's investors include ARCH Venture Partners, Catalio Capital Management, LP, T. Rowe Price.
Is Kardigan publicly traded?
Yes β€” Kardigan trades on NASDAQ under the ticker KARD.