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CARMA FUND

Venture capitaloperating company · company profile

Munich · Pre-Seed–Series A · 5 people tracked

Find your way into CARMA FUND

627 people in our graph share verified history with the CARMA FUND team — schools, employers, funds. One of them is your warm intro.

Isabel Zhangunlockedknows Martin Raditsch · together at bioRN Life Science Cluster (overlapped)
knows the team · via Flying Health
×2knows the team · via Creathor Venture
×2knows the team · via Bridgex Ventures
×2knows the team · via BASF
×4knows the team · via Berkeley SkyDeck Fund
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Investment thesis

CARMA FUND I invests in early-stage Life Science and Healthcare ventures across Europe, offering long investment horizons and flexible investment modes suited to specialist biotech and medical development timelines. Leveraging close ties with leading technology transfer offices and industry partners, the fund supports young companies and projects from initial development toward market entry. It targets therapeutics, diagnostics, medtech, and digital health, and remains open to related areas such as R&D tools, platform technologies, and healthcare-system improvements. The fund positions itself as an active partner in advancing therapeutic and medical innovation for patient benefit.

Source: firm website, verified Sep 27, 2026.

Stage
Pre-Seed–Series A
HQ
Munich, DE
Instruments
Equity
Founded
2022
AUM
$60M
Tracked investments
18

Team · 5 people

from the firm's website & public directories

What they invest in

from 11 of 18 portfolio companies

Digital Health ×8Biotech ×7Medical Devices ×7AI & Machine Learning ×6Healthtech ×5Deep Tech ×3Data & Infrastructure ×1Longevity ×1

HQs:Germany×7

Investments · 18 tracked

founders shown can be your intro path
ACORAI ACTIVEacorai.com

Acorai develops a non-invasive, handheld heart monitor that estimates cardiac and pulmonary pressures (including PCWP and RAP) and hemodynamic congestion trends to help clinicians manage and personalize heart failure therapy.

AI & Machine LearningDigital HealthMedical Devices

Co-investorsCapital Q® Ventures Inc.Creative Destruction Lab (CDL)Meridian Health Ventures

Aignosticsaignostics.com

Aignostics develops AI-powered pathology products and custom image and data analysis services for precision medicine and drug development, serving pharmaceutical and biomedical research teams.

AI & Machine LearningBiotechDigital HealthBerlin, DE

Co-investorsBoehringer Ingelheim Venture FundHTGFIBB VenturesMayo Clinic Ventures

CereGateceregate.comin

Ceregate develops brain-computer interface and neuromodulation technologies to improve patient outcomes in neurodisorders.

AI & Machine LearningDeep TechHealthtechMedical Devices

Matthias Puls(CEO)inBrian Blischak(President)in

Co-investorsHeal CapitalTruVenturo GmbH468 CapitalHTGF

Elkedoniaelkedonia.comin

Elkedonia is a biotech company developing a novel antidepressant treatment that targets intracellular neuroplasticity pathways rather than synaptic mechanisms, with the goal of providing rapid, long-lasting relief for depression patients.

BiotechDigital HealthMental Health

Delphine Charvin(Founding Chief Executive Officer & Board Director)inMélanie Rouillier(VP, Chief Operations Officer & Co-Founder)inJocelyne Caboche(President of the Scientific Advisory Board & Co-Founder)in

Co-investorsAngelini VenturesKurma PartnersSambrinvest

Epignostixepignostix.com

A company bringing together expertise in genetics, pathology, medicine, and bioinformatics to develop data science and AI solutions in the healthcare field.

AI & Machine LearningBiotechDigital HealthHealthtechMedical DevicesHeidelberg, DE

David Jones(Chief Scientific Officer & Co-founder)Natalie JägerinMartin Sill(Head of Data Science & Co-founder)inFelix SahmDaniel Schrimpf(Head of Software Development & Co-founder)inAreeba Patelin

Co-investorsLBBW Venture Capital GmbHHTGF

Excivaexciva.com

Exciva is a company focused on neurological and neurodegenerative conditions, led by a team with expertise in chemistry, clinical operations, and regulatory affairs.

BiotechDigital HealthLongevityMedical DevicesHeidelberg, DE

Hans Moebius(Co-founder and CMO, Head of Clinical Operations)inAnton Bespalov(Co-founder and CSO, Head of Regulatory Affairs)in

Co-investorsAndera PartnersFountain Healthcare PartnersGimvLBBW Venture Capital GmbHLifeArc VenturesModi Ventures

Genome Biologicsgenomebiologics.com

Genome Biologics operates a contract research service using TrueCardium, an iPSC-derived multicellular human cardiac organoid platform, to run cardiotoxicity screening, disease modeling, and drug efficacy studies.

BiotechDeep TechHealthtech

inContAlertincontalert.deinSep 2023

inContAlert is a medical technology startup developing a non-invasive wearable sensor that measures bladder fill level and uses machine learning to alert incontinence patients via an app when they should empty their bladder.

AI & Machine LearningDigital HealthMedical Devices

JannikTristanNicolasPascal

Co-investorsBayern KapitalSpinLab

Kupando GmbHkupando.comin

Kupando is a biopharmaceutical company developing TLR 4/7 agonists that stimulate innate immunity for use in oncology and infectious diseases.

AI & Machine LearningBiotechMedical DevicesSchönefeld, DE

Johanna Holldack(CEO)in

BoardPierre Morgon(Chairman)Wolfram Nothaft(Deputy Chairman)

Co-investorsBrandenburg KapitalRemiges Ventures, Inc.Ventura BioMed Investors

O11 biomedical GmbHcarma-fund.com

Dimericon Therapeutics is a biotech company developing crosslinked helix dimers ("Dimericons") as therapeutics and as templates for small-molecule development, targeting hard-to-drug intracellular protein-protein interactions.

BiotechDeep TechDigital HealthHealthtechMedical DevicesMunich, DE

BoardChristian Leikert(Managing Partner)inDr. Martin Raditsch(Managing Partner)in

Thryvethryve.healthin

Thryve provides a platform that enables partners to improve patient engagement, preventive care, and clinical research through real-world health insights and insurance innovation.

Data & InfrastructureDigital HealthHealthtechBerlin, DE

Friedrich Lämmel(CEO)inJohn Trimpop(CTO)Paul Burggraf(COO)in

Co-investorsKickstart InnovationAbstract VenturesDarling VenturesJoyance PartnersOpenspace VenturesShanda Group+3 more

Other

Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.

AkribionAllogeneticsDimericon TherapeuticsSalvina TherapeuticsSympheraTECregenWMT

Portfolio news

latest coverage across their companies

Frequently asked questions

How many investments has CARMA FUND made?
CARMA FUND has 18 tracked investments.
What stage does CARMA FUND invest at?
CARMA FUND invests at the Pre-Seed, Seed, Series A stages.
What sectors does CARMA FUND focus on?
CARMA FUND focuses on Biotech, Digital Health, Healthtech, Longevity, Medical Devices.
Where is CARMA FUND located?
CARMA FUND is headquartered in Munich, DE.
Who does CARMA FUND co-invest with?
CARMA FUND most often shares deals with BioMedPartners, Bayern Kapital, Brandenburg Kapital, among 16 tracked co-investors.

Images

CARMA FUND photoCARMA FUND photo

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