Last deal

$87M

Amount

Post-IPO Equity

Stage

17.05.2023

Date

3

all rounds

$210M

Total amount

date founded

Financing round

General

About Company
Cabaletta Bio is a biopharmaceutical company that develops cellular therapies for B cell-mediated autoimmune diseases.

Industry

Sector :

Subsector :

founded date

01.06.2017

Number of employees

Company Type

For Profit

Last funding type

Post-IPO Equity

IPO status

Private

Description

Cabaletta Bio's CABA™ platform provides multiple opportunities to treat broad and challenging autoimmune diseases, including MuSK myasthenia gravis. The company was founded by Dr. Michael Milone, Dr. Aimee Payne, and Dr. Steven Nichtberger, who also serve as co-chairs of Cabaletta's Scientific Advisory Board. The company has signed an exclusive licensing agreement and partnership with Penn focused on treating B cell-mediated autoimmune diseases with CAAR T cells.
Contacts
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Financials

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3

Number of Funding Rounds

$210M

Money Raised

Their latest funding was raised on 17.05.2023. Their latest round Post-IPO Equity

Date 
Funding Round 
Investors 
Money Raised 
Lead 
17.05.2023
$87M
01.01.2023
1
08.12.2022
$35M
Co-Investors
Investors
9
1

Number of lead investors

9

Number of investors

Investor 
Lead 
Round 
Partners 
No
Post-IPO Equity
Yes
Series A, Series B
No
Series B

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People

Founders
3

Michael Milone

organization founded

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Michael Milone

Steven Nichtberger
Steven Nichtberger

Steven Nichtberger

Steven Nichtberger is a serial entrepreneur with 25 years of healthcare industry experience focused on the development and commercialization of breakthrough medical advances. Most recently, he served as managing partner of GBF, LLC providing advice to investors and leading academic scientists on commercialization of breakthrough advances, and founding Chairman of ControlRad, a privately-held medical technology company. He is also an adjunct professor at the Wharton School and a Senior Fellow in the Vagelos Life Sciences & Management Program. From 2004 to 2011, Dr. Nichtberger was the founding CEO of Tengion, advancing novel regenerative medicine cell therapy products from early stage research to late stage clinical trials with a focus on urologic, oncologic, and renal diseases. During his tenure, the company raised $230 million (including an IPO) from leading public and venture investors, as well as strategic investments from J&J and Medtronic. Prior to that, Dr. Nichtberger had nine years of experience in senior strategic and operating roles at Merck that included global leadership of the human health marketing organization; P&L responsibility for a $3.5 billion portfolio of products; leadership roles relating to the formation and governance of the Merck-Schering Plough partnerships; and Merck commercial representation on Merck Research leadership and licensing teams. Dr. Nichtberger is an active and philanthropic member of the community serving as a trustee on the Board of Governors of Main Line Health, a long-standing member of the Board of Overseers of the School of Arts and Sciences at the University of Pennsylvania (which is a non-fiduciary advisory board), and past member of the national BIO Association Board as well as former Chairman of PA Bio. He earned an M.D. from the School of Medicine and Biosciences, SUNY at Buffalo. He was also a board-certified cardiologist, completing his residency and fellowship training at Mount Sinai Hospital in New York.

current job

Cabaletta Bio
Cabaletta Bio

organization founded

1

Steven Nichtberger

Aimee Payne
Aimee Payne

Aimee Payne

Aimee Payne, MD, PhD, is co-founder and co-chair of the Scientific Advisory Board at Cabaletta Bio, a biopharmaceutical company focused on the discovery and development of cellular therapies for B cell-mediated autoimmune diseases. She received her BS degree in Biology from Stanford University and her MD/PhD degree in Molecular and Cellular Biology at Washington University School of Medicine, followed by dermatology residency training at the University of Pennsylvania. Dr. Payne is currently the Albert M. Kligman Associate Professor of Dermatology and lead physician in the Autoimmune Blistering Clinic at the University of Pennsylvania. Her research laboratory has contributed to three major areas of investigation: 1) cloning and characterization of B cell repertoires to understand how autoimmunity occurs in pemphigus, a model autoantibody-mediated skin blistering disease; 2) cell biologic studies to understand mechanisms for loss of cell adhesion; and 3) clinical-translational research to better understand current diagnostic tests and treatments and to develop novel targeted therapies for disease. Her laboratory pioneered the chimeric autoantibody receptor (CAAR) T cell therapy concept for targeted depletion of autoreactive B cells that forms the foundation for Cabaletta Bio.

organization founded

1

Aimee Payne

Employee Profiles
6
Samik Basu

Samik Basu

Chief Scientific Officer

Heather Harte-Hall

Heather Harte-Hall

Chief Compliance Officer

Uri Herzberg

Vice president pre clinical research

Jennifer Favaro

Recruitment consultant

Lance Thibault

Finance advisor

Steven Nichtberger

Steven Nichtberger

Co-Founder, Chairman and CEO

Activity

Recent News
3
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