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CARMA FUND

Venture capital

Munich · Pre-Seed–Series A · 4 people tracked

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Investment thesis

CARMA FUND I invests early in Life Science and Healthcare companies and projects, aiming to help translate scientific innovation toward market entry. It targets therapeutics, diagnostics, medical devices, and digital health, as well as R&D tools and platform technologies. The fund positions itself as an active partner offering an extra-long term horizon, flexible investment modes, and close relationships with technology transfer offices and industry partners. It sees Europe as home to a strong therapeutics industry with experienced entrepreneurs and leading scientists, and welcomes funding applications from all European sources, addressing the specialist capital needs of biotech and healthcare innovators.

Invests inBiotechDigital HealthHealthtechMedical DevicesEuropeGermanyMunichSwitzerland

Source: firm website, verified Aug 3, 2026.

Stage
Pre-Seed–Series A
HQ
Munich, DE
Instruments
Equity
Founded
2022
AUM
$60M
Tracked investments
5

Team · 4 people

from public directories
Christian Leikert· Managing Partner

Managing Partner of CARMA FUND Management GmbH, the general partner of CARMA FUND I.

Martin Raditsch· Managing Partner

Managing Partner of CARMA FUND Management GmbH, the general partner of CARMA FUND I.

Claus Schulte· Senior Investment Manager
Martin Müller· Senior Investment Manager

What they invest in

from 2 of 5 portfolio companies

Digital Health ×2Healthtech ×2Biotech ×1Data & Infrastructure ×1Deep Tech ×1Medical Devices ×1

HQs:Germany×2

Investments · 5 tracked

founders shown can be your intro path
Dimericon Therapeutics

A private biotech company developing crosslinked helix dimers as therapeutics targeting intracellular protein-protein interactions.

Elkedoniaelkedonia.comin
O11 biomedical GmbH

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

Christian Leikert(Managing Partner)Dr. Martin Raditsch(Managing Partner)

Salvina Therapeutics

Company developing novel TNF-targeting antibodies with selective epitope technology for improved therapeutic benefit-risk profiles and bispecific therapies.

Thryvethryve.health

Thryve provides a plug-and-play API platform that integrates health data from over 500 wearable devices and health ecosystems, harmonizing fragmented data into standardized insights for healthcare providers and digital health partners.

Data & InfrastructureDigital HealthHealthtechBerlin, DE

Frequently asked questions

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, Medical Devices.
Where is CARMA FUND located?
CARMA FUND is headquartered in Munich, DE.

Images

CARMA FUND photoCARMA FUND photo

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