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§ Private Profile · Lund, Skane Lan, Sweden
Biotechnology company developing in vivo direct cell reprogramming for cancer immunotherapy. AT-108 targets personalized immune responses.
Asgard Therapeutics is a Lund, Sweden-based biotechnology company developing in vivo direct cell reprogramming technologies for cancer immunotherapy. The pre-revenue firm utilizes its proprietary TrojanDC platform to convert cancer cells into antigen-presenting dendritic cells, aiming to trigger personalized immune responses against various tumors. The biotechnology enterprise has raised €36 million in total equity financing to date, which includes an initial €6 million seed round and a €30 million Series A round secured in March 2024. This recent capital injection is currently being used to advance its lead gene therapy asset, AT-108, toward clinical trials with backing from prominent lead investors such as Novo Holdings, Boehringer Ingelheim Venture Fund, and Johnson & Johnson Innovation - JJDC. Asgard Therapeutics was founded in 2018 as a spin-off from Lund University by Cristiana Pires, Fábio Rosa, and Filipe Pereira.
Asgard Therapeutics has raised $39.8M across 2 funding rounds.
Asgard Therapeutics has raised $39.8M in total across 2 funding rounds.
Asgard Therapeutics has raised $39.8M across 2 funding rounds. Most recently, it raised $32.8M Series A in March 2024.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Mar 14, 2024 | $32.8M Series A | Johnson & Johnson Innovation, Aleksei Zeifman | Boehringer Ingelheim, Industrifonden, Joao Ribas | Announced |
| Nov 1, 2021 | $7M Seed | Philipp Mueller, Bita Sehat, Joao Ribas | Boehringer Ingelheim Venture Fund | Announced |
Asgard Therapeutics has raised $39.8M in total across 2 funding rounds.
Asgard Therapeutics's investors include Johnson & Johnson Innovation, Aleksei Zeifman, Boehringer Ingelheim, Industrifonden, Joao Ribas, Philipp Mueller, Bita Sehat, Boehringer Ingelheim Venture Fund.
Asgard Therapeutics is a private Swedish biotech company developing in vivo direct cell reprogramming technologies for cancer immunotherapies, with its lead program AT-108 based on proprietary TrojanDC technology that converts cancer cells into antigen-presenting dendritic cells to trigger personalized immune responses.[1][2][3] It serves cancer patients by addressing unmet needs in immunotherapy through an off-the-shelf platform applicable to multiple cancer types, backed by €30M in Series A funding (2023) from RV Invest, Johnson & Johnson Innovation – JJDC, Novo Holdings, Boehringer Ingelheim Venture Fund, and Industrifonden, plus €9M in non-dilutive grants and a €6M seed round (2021).[3][4][6] The company demonstrates strong growth momentum via proof-of-concept publications, 29 patents across 5 families, and awards like SWElife Innovation Grant and VINNOVA Innovativa Startups.[3][4]
Asgard Therapeutics emerged from pioneering research in direct cell reprogramming for immunotherapy, starting in 2015 at the University of Coimbra, Portugal, where scientific co-founders Dr. Cristiana Pires, Prof. Filipe Pereira, and Dr. Fabio Rosa developed a "Trojan Horse" approach using dendritic cell properties to activate immune responses against cancer.[3][4] In 2017, the team relocated to Lund University in Sweden, forming the company as a spin-off with support from LU Holding AB to advance AT-108.[1][3][4] Early traction included proof-of-concept publications (e.g., in *Science Immunology* on induced dendritic cells and in vivo reprogramming demonstrating anti-tumor responses), non-dilutive funding, and a €6M seed round in October 2021 co-led by Novo Holdings, Boehringer Ingelheim Venture Fund, and Industrifonden.[3][4][6]
Asgard rides the cancer immunotherapy wave, merging cell reprogramming (traditionally for regenerative medicine) with immuno-oncology to overcome limitations of checkpoint inhibitors and CAR-T therapies, like tumor resistance and manufacturing scalability.[2][3] Timing aligns with advances in gene therapy delivery and rising demand for personalized yet accessible treatments amid a global oncology market projected to exceed $200B; market forces favor in vivo platforms amid regulatory nods for similar tech (e.g., AAV vectors).[1][4] As a Lund University spin-off, it bolsters Sweden's biotech ecosystem, influences reprogramming field convergence with IO, and contributes IP that could enable broader applications beyond cancer.[1][3][6]
Asgard is poised to advance AT-108 into clinical trials post-Series A, targeting first-in-human data that could validate in vivo reprogramming as a paradigm shift in immunotherapy.[3][4] Tailwinds include expanding gene therapy infrastructure, IO combination strategies, and investor interest in scalable platforms; challenges like delivery optimization and trial execution remain, but strong IP and funding position it for Series B or Big Pharma partnerships. Its evolution could amplify influence by licensing TrojanDC to other diseases, reinforcing its role as a reprogramming pioneer and tying back to its mission of reinstating cancer immunity through biological ingenuity.[2][3]