# Candel Therapeutics funding: rounds and investors

> Candel Therapeutics has raised $23M across 1 round since 2019. Investors include Northpond Ventures, SANDS and Level One Fund. Every round with its source.

Source: https://millionrounds.com/company/candel-therapeutics (Millionrounds; every figure on the page links to its filing or article)

United States · [Series C startup](https://millionrounds.com/companies)

# Who invested in *Candel Therapeutics*

One round we have observed, with the 4 investors named in it. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

Biotech Healthcare

Funding summary Updated 26 Oct 2026

**$23M** raised across 1 round since 2019, from 1 source

- **Latest round:** Series C, $23M Apr 2019
- **Led by:** Northpond Ventures
- **Investors:** 4 (1 led)

See who backed them

## The rounds

- **Apr 2019** Series C **$23M** [Northpond Ventures](https://millionrounds.com/fund/northpond-ventures) Lead [SANDS](https://millionrounds.com/fund/sands) [Level One Fund](https://millionrounds.com/fund/level-one-fund) [H7 Ventures](https://millionrounds.com/fund/h7-ventures) Reported by FinSMEs

## Founders and team

From Candel Therapeutics's own website: 6 on the team.

- **Charles Schoch** Chief Financial Officer
- **Ileen Winick** Chief People Officer
- **Mark Sims** Chief Commercial Officer
- **Harvard Medical School** Jerome and Nancy Kohlberg Emeritus Chair in Medicine
- **Memorial Sloan Kettering Cancer Center** Jerome and Nancy Kohlberg Emeritus Chair in Medicine
- **Paul B. Manning** Chair of the Board

## Everyone who backed them

[Northpond Ventures](https://millionrounds.com/fund/northpond-ventures) Private equity **1** round, led 1

[SANDS](https://millionrounds.com/fund/sands) VC firm **1** round

[Level One Fund](https://millionrounds.com/fund/level-one-fund) VC firm **1** round

[H7 Ventures](https://millionrounds.com/fund/h7-ventures) VC firm **1** round

Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=candel-therapeutics).

## Quick answers about Candel Therapeutics

### Who invested in Candel Therapeutics?

Candel Therapeutics's investors include Northpond Ventures, SANDS, Level One Fund and H7 Ventures. Northpond Ventures led its latest round.

### How much has Candel Therapeutics raised?

Candel Therapeutics has raised $23M across 1 round since 2019.

### When did Candel Therapeutics last raise?

Candel Therapeutics's most recent round was a Series C of $23M in Apr 2019, led by Northpond Ventures.

### What was Candel Therapeutics's biggest round?

Its most recent round, $23M in Apr 2019, is also its largest on record.

### Who backed Candel Therapeutics first?

Candel Therapeutics's first round on record, in Apr 2019, was backed by Northpond Ventures, SANDS and Level One Fund and 1 others.

### What stage is Candel Therapeutics at?

Candel Therapeutics's latest named round is a Series C, in Apr 2019.

### Where is Candel Therapeutics based?

Candel Therapeutics is based in the United States.

### Who led Candel Therapeutics's rounds?

Northpond Ventures led the Series C in 2019.

## Companies like Candel Therapeutics

In the same sector, and raised in the last eighteen months.

[**Star Therapeutics** $325M · Oct 2026](https://millionrounds.com/company/star-therapeutics)[**Promaxo** $106M · Oct 2026](https://millionrounds.com/company/promaxo)[**Prolific Machines** $105M · Oct 2026](https://millionrounds.com/company/prolific-machines)[**AI** $18M · Oct 2026](https://millionrounds.com/company/ai)[**Baba** $40M · Oct 2026](https://millionrounds.com/company/baba)[**IMIO** $19M · Oct 2026](https://millionrounds.com/company/imio)

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