Skip to main content
| News

Engimmune Therapeutics banks 15.5 million Swiss francs

03.05.2022

Engimmune Therapeutics will now be in a position to drive forward its innovative platforms for the development of T-cell therapies against cancer after receiving seed financing to the tune of 15.5 million Swiss francs. The company was founded and built up with the help of the biotech accelerator and incubator BaseLaunch.

Engimmune Therapeutics has received investments totaling 15.5 million Swiss francs for the development of novel T-cell receptor (TCR) therapeutics to combat cancer. The Basel-based biotech firm is a spin-off from the Department for Biosystems Science and Engineering (D-BSSE), likewise based in Basel, of the Swiss Federal Institute of Technology in Zurich (ETH). The company was incubated and initially financed via BaseLaunch, an incubator and accelerator operated by the investment and innovation promotion agency Basel Area Business & Innovation.

The seed financing round that has now closed was led by the Swiss venture capital fund Pureos Bioventures, a BaseLaunch partner, and Novo Seeds, the early-stage investment and company creation team of the Danish firm Novo Holdings. The gross proceeds from this financing round are, according to a press release, to be put towards further expanding the Engimmune pipeline, bolstering the research team in Switzerland and gaining a foothold in the Danish market.

Long-standing support from BaseLaunch

Engimmune has also announced the appointment of TCR pioneer and industry veteran Dr. Bent Jakobsen as Chairman of the Board. As part of the transaction, Dominik Escher and Jørgen Søberg Petersen will join the company as Board Directors, while Ximing Ding and João Ribas will join as observers.

“The long-standing support from BaseLaunch together with these industry-leading investors and the in-depth expertise of Bent gives Engimmune the standing to become a leading contributor to this competitive yet promising space”, explains Søren Mouritsen, CEO of Engimmune, in the press release.

“It was a real privilege to work alongside the team at Engimmune to help build the company from scratch”, comments Stephan Emmerth, BaseLaunch Director, in the press release.  This group of investors will enable the company “to continue developing their pioneering technology platforms to deliver truly differentiated TCR therapeutics”, he adds.

Share this article

Sign up to receive our newsletter in your inbox.

You may also be interested in

KUORI developing biodegradable plastics
Advanced Manufacturing/AI, Basel Area Business & Innovation, Innovation, Invest, Sustainability

KUORI developing biodegradable plastics

The Basel-based cleantech company KUORI GmbH develops alternative materials for conventional plastics. The aim is to reduce the accumulation of...

Read More
Cell and gene therapies gain momentum in Basel
Basel Area Business & Innovation, Innovation, Invest, Life Sciences / biotech

Cell and gene therapies gain momentum in Basel

Companies specializing in the research and development of innovative cell and gene therapies continue to spring up all around the...

Read More
BLKB expanding support for startups
Basel Area Business & Innovation, Innovation, Invest

BLKB expanding support for startups

BLKB offers particularly promising SMEs and startups financial support within the framework of the “100 fürs Baselbiet” program. These companies...

Read More
Combatting the rise of antimicrobial resistance
Basel Area Business & Innovation, Innovation, Invest, Life Sciences / biotech

Combatting the rise of antimicrobial resistance

Antimicrobial resistance (AMR) is a growing global threat that, without intervention, could lead to as many as 10 million deaths...

Read More
AMR Action Fund invests in new antibiotics developed by BioVersys
Basel Area Business & Innovation, Innovation, Invest, Life Sciences / biotech

AMR Action Fund invests in new antibiotics developed by BioVersys

The AMR Action Fund has made its first European investment in BioVersys, which is headquartered at Tech Park Basel. The...

Read More
Investors give Resistell 8.5 million Swiss francs
Basel Area Business & Innovation, Innovation, Invest, Life Sciences / biotech

Investors give Resistell 8.5 million Swiss francs

Resistell AG has secured 8.5 million Swiss francs in the first part of its series B funding round. The biotechnology...

Read More
1 2 3 31

Do you have a question? We'd like to hear from you.