All the funding deals in the cell therapy market

Last updated: 18 February 2026

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market research pitch 2026 statistics cell therapy market

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We tracked 72 cell therapy funding deals from 2023 to early 2026, covering a wide range of approaches from CAR-T and TCR-T to iPSC-derived therapies and in vivo cell engineering.

We refresh this page every quarter to keep it current with the latest cell therapy fundraising activity.

And if you want to better understand this new industry, you should get our beautiful slides covering the cell therapy market.

Insights

  • In vivo CAR-T is becoming a major cell therapy investment theme: at least six companies (Azalea, Umoja, Stylus, MagicRNA, Vyriad, DeliNova) raised funding in 2025 alone, aiming to engineer immune cells directly inside patients' bodies.
  • Autoimmune diseases are the fastest-growing new indication for cell therapy startups. Kyverna Therapeutics alone raised across three separate rounds between 2023 and 2024, culminating in a $319M IPO, all focused on CAR-T for lupus and similar conditions.
  • Solid tumors remain the single biggest target for cell therapy funding deals. More than half of all rounds tracked since 2023 involve companies working on solid tumor treatments, reflecting the unmet need in this area.
  • The median cell therapy funding round in 2025 sits around $50M, roughly double the median from 2023, showing growing investor confidence in the cell therapy market.
  • Logic-gated CAR-T therapies attracted over $200M in combined funding in late 2024 and 2025, with both A2 Biotherapeutics and Link Cell Therapies developing systems that distinguish tumor cells from healthy tissue.
  • Allogeneic (off-the-shelf) cell therapies represent a growing share of cell therapy deals, with companies like Wugen ($115M), Artiva ($167M), and Dispatch Bio ($216M) raising large rounds to eliminate the need for patient-specific manufacturing.
  • iPSC-derived cell therapy is expanding well beyond oncology. Companies like Aspen Neuroscience (Parkinson's), Neurona Therapeutics (epilepsy), and Heartseed (heart failure) raised significant rounds for non-cancer applications.
  • Autolus Therapeutics raised the single largest round in the dataset at $550M in Q1 2024, underscoring that next-generation CAR-T for blood cancers still commands the biggest checks in cell therapy funding.
chart VC fundraising startup years cell therapy market

In our cell therapy market deck, we show you long-term trends so you can make better decisions

Summary table of the funding deals for the cell therapy market since 2023

We define the cell therapy market as the market for cell-based medicinal products used as drugs to treat disease, including both approved products and major late-stage pipeline therapies.

We include living-cell products such as CAR-T, other engineered immune cells, and non-oncology cell-based drugs, along with their direct clinical use and revenue.

We exclude procedures like standard stem-cell transplants, simple minimally manipulated cell preparations used in surgery, and generic tools or equipment that are not specific to these therapies.

We focused exclusively on pure players, defined as companies with at least 70-80% of their business directly tied to the cell therapy market.

Our analysis has been done at a global level with a minimum funding threshold of $300k.

You can also read our detailed analysis to understand how funding activity in the cell therapy market has evolved recently.

If you want a longer-term view, we also have a study of how funding activity in the cell therapy market has changed over the years.

Also, you should know that we have a dedicated page, updated weekly, with all the latest fundraising deals in the cell therapy market.

Name What they do Amount in $ Quarter Source(s)
Link Cell Therapies Develops logic-gated CAR-T therapies for solid and liquid cancers with enhanced specificity. $60M Q4 2025 PRNewswire, FierceBiotech
Vyriad Develops in vivo CAR-T by delivering CAR genetic payloads directly using viral vectors. $25M Q4 2025 Business Wire
Captain T Cell Develops next-generation TCR-T cell therapies for solid tumors. ~$21.7M Q4 2025 Company
Aspen Neuroscience Develops autologous iPSC-derived neuron therapies for Parkinson's disease. $115M Q4 2025 PRNewswire, BioSpace
Azalea Therapeutics Develops in vivo CRISPR-based CAR-T therapies for cancer and autoimmune diseases. $82M Q4 2025 GlobeNewswire, FierceBiotech
Tr1X Develops allogeneic Treg and CAR-Treg cell therapies for autoimmune diseases. $50M Q4 2025 GlobeNewswire, BioSpace
Pan Cancer T Develops TCR-T cell therapies targeting novel tumor antigens for solid tumors. $5.25M Q4 2025 Company, GlobeNewswire
T-CURX Develops non-viral CAR-T therapies using transposon technology for AML and solid tumors. $19.2M Q4 2025 EU-Startups
DeliNova Therapeutics Develops in vivo CAR-T by delivering genetic payloads to program immune cells inside the body. ~$8.3M Q4 2025 FLCube
Dispatch Bio Builds universal solid tumor immunotherapies using CAR-T and a tumor-tagging Flare platform. $216M Q3 2025 Company, FierceBiotech
Wugen Develops allogeneic, off-the-shelf CAR-T therapies for T-cell malignancies. $115M Q3 2025 Company, BioPharmaDive
Stylus Medicine Develops in vivo genetic medicines to engineer immune cells directly in patients. $85M Q2 2025 Stylus PR
Innovacell Develops autologous cell therapies using expanded muscle cells for incontinence. $52M Q3 2025 HappinessCapital, TheBridge
Anocca Develops gene-edited TCR-T cell therapies targeting mutant KRAS in solid tumors. ~$46M Q3 2025 FinancialContent
iRegene Therapeutics Develops iPSC-derived cell therapies for neurodegenerative diseases. ~$40M Q3 2025 MedPath
Rui Therapeutics Develops CAR-NK, CAR-gamma-delta-T, and universal CAR-T for autoimmune diseases. $28M Q3 2025 MarketScreener, OncoDaily
A-Seeds Develops non-viral gene-modified CAR-T using PiggyBac transposon technology for solid tumors. ~$15M Q3 2025 Company
MagicRNA Biotech Develops in vivo CAR-T therapies using LNP-delivered mRNA for autoimmune diseases. $14M Q3 2025 Company
NK CellTech Develops engineered NK cell therapies for cancer. ~$14M Q3 2025 The Pharma Letter
Neurona Therapeutics Develops allogeneic iPSC-derived neural cell therapies for epilepsy. $102M Q2 2025 Company, FierceBiotech
Umoja Biopharma Develops in vivo CAR-T therapies using lentiviral vectors to engineer T cells inside patients. $100M Q1 2025 GlobeNewswire, FierceBiotech
A2 Biotherapeutics Develops logic-gated CAR-T cell therapies for solid tumors using the Tmod platform. $80M Q1 2025 Company, BioSpace
Garuda Therapeutics (Stratus) Develops off-the-shelf allogeneic hematopoietic stem cell therapies for blood disorders. $50M Q1 2025 GlobeNewswire, BioSpace
Inceptor Bio Develops metabolically enhanced CAR-T therapies for solid tumors using the OUTLAST platform. $21M Q1 2025 Company, NCBiotech
Optieum Biotechnologies Develops next-generation CAR-T therapies for solid tumors using the Eumbody System platform. $8.6M Q1 2025 Company
ONGeno Develops autologous bone marrow stem cell therapy for multiple sclerosis. $3.6M Q1 2025 AIN.ua, PolandDaily24
HemaCell Develops iPSC-derived platelet therapies for hematological disorders and transfusion. $2.8M Q1 2025 BioPharmIQ
StemSight Develops iPSC-derived corneal stem cell therapies to restore vision in corneal blindness. $1.1M Q1 2025 EU-Startups
AvenCell Therapeutics Develops switchable CAR-T therapies for improved control and safety in cancer treatment. $112M Q4 2024 Company, PRNewswire
Resolution Therapeutics Develops engineered macrophage cell therapies for inflammatory and fibrotic diseases. $85M Q4 2024 PRNewswire, Labiotech
Be Biopharma Engineers B cells to produce therapeutic proteins for rare diseases. $82M Q4 2024 Business Wire, BioSpace
TScan Therapeutics Develops TCR-engineered T cell therapies for blood cancers and solid tumors. $30M Q4 2024 Source
March Biosciences Develops autologous CD5 CAR-T therapy for relapsed/refractory T-cell lymphoma. $28.4M Q4 2024 GlobeNewswire
Indapta Therapeutics Develops allogeneic NK cell therapies for cancer and autoimmune diseases. $22.5M Q4 2024 Business Wire, FinSMEs
Cartherics Develops iPSC-derived allogeneic CAR-NK cell therapies for cancer. $9.8M Q4 2024 Company
ArsenalBio Engineers programmable CAR-T cell therapies for solid tumors using advanced T cell engineering. $325M Q3 2024 BioPharmaDive, DDW
Artiva Biotherapeutics Develops allogeneic, off-the-shelf NK cell therapies for autoimmune diseases and cancers. $167M Q3 2024 GlobeNewswire, FierceBiotech
Outpace Bio Uses AI-powered protein design to program immune cells for solid tumor therapies. $144M Q3 2024 GlobeNewswire, Endpoints
GC Therapeutics (GCTx) Develops iPSC-derived cell therapies using rapid TFome platform for multiple diseases. $65M Q3 2024 Pharma Technology
LIfT BioSciences Develops allogeneic innate cell therapies using engineered neutrophils for solid tumors. $12.7M Q3 2024 GlobeNewswire
TC Biopharm Develops allogeneic gamma-delta T cell therapies for cancer, including AML. $8M Q3 2024 Company
Cell BioEngines Develops allogeneic stem cell-derived therapies for blood cancers using umbilical cord cells. $2M Q3 2024 GlobeNewswire
Obsidian Therapeutics Develops engineered cell therapies with precise protein expression control for cancer. $160.5M Q2 2024 Company, Business Wire
Century Therapeutics Develops iPSC-derived NK and T cell therapies for cancer and autoimmune diseases. $60M Q2 2024 GlobeNewswire, BioPharmaDive
OverT Bio Develops cell therapies for solid tumors using genetic screening and synthetic biology. $16M Q2 2024 FinSMEs
Captain T Cell GmbH Develops efficacy-enhanced TCR-T cell therapies for solid tumors using TCR-ALLO platform. $9.2M Q2 2024 GlobeNewswire, MDC Berlin
Autolus Therapeutics Develops next-generation CAR-T cell therapies for leukemia, lymphoma, and autoimmune diseases. $550M Q1 2024 Company, Business Wire
Kyverna Therapeutics Develops CD19-directed CAR-T cell therapies for autoimmune diseases (IPO). $319M Q1 2024 BioPharmaDive, FierceBiotech
Capstan Therapeutics Develops in vivo CAR-T therapies using targeted lipid nanoparticles for autoimmune disorders. $175M Q1 2024 Business Wire, BioPharmaDive
Neurona Therapeutics Develops regenerative, off-the-shelf cell therapies for chronic neurological disorders. $120M Q1 2024 GlobeNewswire, BioPharmaDive
Kenai Therapeutics Develops allogeneic neuron replacement cell therapies for neurological disorders. $82M Q1 2024 Business Wire, FinSMEs
Tr1X, Inc. Develops universal allogeneic Treg and CAR-Treg cell therapies for autoimmune diseases. $75M Q1 2024 PRNewswire, BioSpace
Mesoblast Develops allogeneic mesenchymal stromal cell therapies for inflammatory diseases. $63M Q1 2024 GlobeNewswire, Nasdaq
Asgard Therapeutics Develops in vivo cell reprogramming immunotherapies for cancer using TrojanDC platform. $32.8M Q1 2024 Company, Labiotech
T-Therapeutics Develops TCR-T cell therapy using OpTiMus transgenic mouse platform for cancer. $59M Q4 2023 Labiotech, Company
ImmuneBridge Develops CAR-NK cell therapy using cord blood-derived immune stem cells for cancer. $12M Q4 2023 Labiotech
Celyad Oncology Develops NKG2D-based CAR-T for hematological malignancies and solid tumors. $10.58M Q3-Q4 2023 Company
Kyverna Therapeutics Develops CD19 CAR-T for autoimmune diseases like lupus and MS. $60M Q3 2023 PRNewswire, BioPharmaDive
Grit Biotechnology Develops engineered TIL therapy using StemTexp platform for solid tumors. $60M Q3 2023 DDW, Endpoints
Verismo Therapeutics Develops KIR-CAR T cell therapy for solid tumors. $17M Q3 2023 FinSMEs
TolerogenixX Develops modified immune cells for transplant tolerance. $12.96M Q3 2023 GlobeNewswire, PharmiWeb
NK:IO Develops NK cell therapy for solid tumors, initially targeting ovarian cancer. $1.49M Q3 2023 Imperial College London
CARGO Therapeutics Develops CD22 CAR-T for large B-cell lymphoma relapsed after CD19 CAR-T. $200M Q1 2023 BioPharmaDive, BioSpace
Shanghai Cell Therapy Group Develops CAR-T and cellular diagnostics for cancer treatment. $77M 2023 DealStreetAsia, Crunchbase
Garuda Therapeutics Develops iPSC-derived hematopoietic stem cell therapies as bone marrow transplant alternative. $62M Q1 2023 Nature Biotech, FinSMEs
Neukio Biotherapeutics Develops iPSC-derived CAR-NK cell therapies (allogeneic) for cancer. $40M 2023 Simon-Kucher
Lion TCR Develops mRNA-encoded TCR-T for HBV-related cancers and solid tumors. $40M Q2 2023 PRNewswire
ANOCCA Develops TCR-T therapies for solid tumors via industrial-scale discovery. $38.4M Q2 2023 GlobeNewswire, BioSpace
Immuneel Therapeutics Develops CD19-directed CAR-T for B-cell malignancies in India. $15M Q2 2023 Labiotech, BioSpectrum India
Heartseed Develops iPSC-derived cardiomyocyte therapy for heart failure. $13.3M Q2 2023 Business Wire
Verismo Therapeutics Develops KIR-CAR T cell therapy for solid tumors (earlier round). $7M Q1 2023 FinSMEs
Cellcolabs Develops large-scale mesenchymal stem cell manufacturing and therapy. $4.32M 2023 Sifted
market map chart top companies startups cell therapy market

In our cell therapy market deck, we will give you useful market maps and grids

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