CHARM Therapeutics

Overview
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AI Drug Discovery?
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Minimum Viable Product
?
AI Drug Discovery & Development
?

UK-based Charm Therapeutics develops novel small molecule medicines for cancer and other therapeutic areas by leveraging its proprietary platform DragonFold. The platform incorporates AI and 3D deep-learning technologies to predict protein-ligand structures and co-folding protein targets. 

The company’s approach entails identifying binding sites for drugs and simulating the interaction of molecules and proteins. This is expected to bind the drug to the disease-causing protein and avoids the drug from binding to a similar protein in the body. This process is believed to expedite drug discovery and the cost of developing drugs, as opposed to usual methods that require extensive wet-lab screening of thousands of molecules.

Funding and financials

Founded in 2021, the company emerged from stealth in June 2022 , raising USD 50 million in Series A funding co-led by F-Prime Capital and OrbiMed. The proceeds were earmarked for developing its platform. The company also secured an investment of USD 20 million from NVIDIA’s investment arm NVentures in May 2023 to accelerate the development of novel oncology drugs using deep learning.

HQ location:
London GBR
Founded year:
2021
Employees:
11-50
IPO status:
Private
Total funding:
USD 82.7 mn
Last Funding:
USD 20.0 mn (Series Unknown; Apr 2023)
Last valuation:
-
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