About Carmot
Carmot is a company based in Berkeley (United States) founded in 2008 was acquired by Roche in December 2023.. Carmot has raised $385.52 million across 17 funding rounds from investors including Amgen, Roche and HHS. Carmot operates in a competitive market with competitors including Adocia, Altimmune, BioAge Labs, Fractyl and Antag Therapeutics, among others.
- Headquarter Berkeley, United States
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Sectors
Healthcare
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Email
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Phone
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Website
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Social
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- Legal Name Carmot Therapeutics Inc
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Funding Insights of Carmot
Carmot has successfully raised a total of $385.52M across 17 strategic funding rounds. The most recent funding activity was a Series E round of $150 million completed in May 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 17
- Last Round Series E — $150.0M
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First Round
First Round
(22 Oct 2009)
- Investors Count 19
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| May, 2023 | Amount | Series E - Carmot | Valuation | Deep Track Capital | |
| Jul, 2022 | Amount | Series D - Carmot | Valuation | TCG | |
| Sep, 2020 | Amount | Series C - Carmot | Valuation | Amgen |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Carmot
Carmot has secured backing from 19 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Amgen, Roche and HHS. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Deep Track Capital is engaged in biotechnology investment activities.
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Venture capital fund backed incubator focused on the healthcare startups
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Healthcare sector private equity investments are managed by the firm.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Carmot
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Carmot
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Carmot Comparisons
Competitors of Carmot
Carmot operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Adocia, Altimmune, BioAge Labs, Fractyl and Antag Therapeutics, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Therapeutics for diabetes and obesity treatment are developed.
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Vaccines for infectious diseases and solid tumors are developed.
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| domain | founded_year | HQ Location |
Bioinformatics platform is provided for biomarkers and drug discovery.
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| domain | founded_year | HQ Location |
Endoscopic procedures for type-2 diabetes treatment are developed.
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| domain | founded_year | HQ Location |
Peptide-based therapies for obesity and cardiometabolic disorders are developed.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Carmot
Frequently Asked Questions about Carmot
When was Carmot founded?
Carmot was founded in 2008 and raised its 1st funding round 1 year after it was founded.
Where is Carmot located?
Carmot is headquartered in Berkeley, United States. It is registered at Berkeley, California, United States.
Who is the current CEO of Carmot?
Heather Turner is the current CEO of Carmot.
Is Carmot a funded company?
Carmot is a funded company, having raised a total of $385.52M across 17 funding rounds to date. The company's 1st funding round was a Series C of $47M, raised on Oct 22, 2009.
What does Carmot do?
The company was founded in 2008 in Berkeley, United States, and focuses on biotechnology for metabolic disorders. A drug discovery platform is utilized to identify incretin receptor signaling targets, supporting a pipeline of therapeutics aimed at obesity and diabetes. Three clinical candidatesCT-388, CT-868, and CT-996are advanced through development stages. Operations center on innovative treatments without emphasis on broader services.
Who are the top competitors of Carmot?
Carmot's top competitors include Adocia, BioAge Labs and Fractyl.
Who are Carmot's investors?
Carmot has 19 investors. Key investors include Amgen, Roche, HHS, Schroders, and Janus Henderson Investors.
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