# CARGO Therapeutics

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/cargo-therapeutics

- Industry: Biotechnology
- Headquarters: San Carlos, US
- Website: www.cargo-tx.com
- Total disclosed funding: $69M
- Latest round: Series A (Feb 9, 2023)
- Investors on record: 13

## About

Based in California, US, and founded in 2021, Cargo Therapeutics, Inc operates as a cancer treatment-based biotechnology firm that develops an adoptive cell therapy to benefit patients from potentially curative treatment options. The company was founded by Crystal Mackall, Robbie Majzner, Nancy Goodman, and Louai Labanieh. In February 2023, CARGO Therapeutics, Inc. raised USD 68.83 million in series A funding led by RTW Investments, Third Rock Ventures, and Xontogeny, LLC. As of 2023, the company is led by its CEO Gina Chapman.

The company offers a scientific platform that provides multi-specific and multi-functional CAR T programs. It engineers CAR T-cell therapy to overcome resistance to cancer treatment and address barriers to access so that more patients may benefit from potentially curative therapies.

The company plans to use February 2023, funding to advance CARGO’s autologous CD22 CAR T-cell therapy candidate, CRG-022, through a pivotal multicenter Phase 2 trial in patients with LBCL whose disease has relapsed or is refractory to CD19 CAR T-cell therapy.

## Funding rounds

- Series A, Feb 9, 2023, $69M — T Rowe Price, Wellington Management, Third Rock Ventures, Nextech, Piper Sandler, RTW Investments, Cormorant Asset Management, Ally Bridge Group, Perceptive Advisors, Janus Henderson Investors, Samsara BioCapital, Red Tree Venture Capital, Emerson Collective

## Investors

- T Rowe Price (https://capitalatlas.ai/funds/t-rowe-price) — Series A
- Wellington Management (https://capitalatlas.ai/funds/wellington-management) — Series A
- Third Rock Ventures (https://capitalatlas.ai/funds/third-rock-ventures) — Series A
- Nextech (https://capitalatlas.ai/funds/nextech) — Series A
- Piper Sandler (https://capitalatlas.ai/funds/piper-sandler) — Series A
- RTW Investments (https://capitalatlas.ai/funds/rtw-investments) — Series A
- Cormorant Asset Management (https://capitalatlas.ai/funds/cormorant-asset-management) — Series A
- Ally Bridge Group (https://capitalatlas.ai/funds/ally-bridge-group) — Series A
- Perceptive Advisors (https://capitalatlas.ai/funds/perceptive-advisors) — Series A
- Janus Henderson Investors — Series A
- Samsara BioCapital (https://capitalatlas.ai/funds/samsara-biocapital) — Series A
- Red Tree Venture Capital (https://capitalatlas.ai/funds/red-tree-venture-capital) — Series A
- Emerson Collective — Series A