We are a groundbreaking immunotherapy venture studio fund focused on company creation. We accelerate early-stage R&D and build drug discovery programs to cure diseases across autoimmunity, inflammation, and immuno-oncology.

Read our press release:
Foundery Announces Initial Close of Inaugural Biotech Venture Creation Fund to Accelerate the Development of Novel Immunotherapies

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We are a groundbreaking immunotherapy venture studio. We accelerate early stage R/D discovery and build programs and companies, to cure diseases from COVID to Cancer.

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Immunotherapy with Impact

Our studio of experienced, immunology-focused drug developers maximizes value creation by forming multiple, thematically aligned startups to develop and commercialize immunotherapeutics. We partner with university-based collaborators to extend novel and untapped fundamental biological observations, create proof-of-concept data, and generate advanced development candidate packages using our expertise and internal laboratories.

Bridging the “Therapeutic Valley of Death”

Novel immunotherapeutics face a formidable therapeutic valley of death. Successfully navigating this valley provides tremendous value to patients and investors – typically the largest step-up in a program’s lifetime.  We provide the neccessary R&D infrastructure to rapidly and effectively traverse this valley.

Foundery Innovations. Engineering Success. Validated efficacy. Validated safety. Validated developability.The valley of death. Poor success rate of novel observations and targets traversing to clinical assessment.Observation. Novel observation or target identification with potential therapeutic value. Limited valuation.Clinical drug 
development candidate. NewCo formation, 
or out-licensing. Large Step-up 
in valuation.Foundery Innovations. Engineering Success. Validated efficacy. Validated safety. Validated developability.

Our Team

Our studio was forged in 2021 by – Max, Michel, and Sriram – united by their shared goal to re-establish discovery as the basis for the next generation of immunotherapies.

With their deep knowledge of immunobiology and their impressive track record of discovering and developing multiple, multibillion-dollar immunotherapies, they have positioned Foundery to increase the efficiency and effectiveness of the pre-clinical R&D process.

They aim to preserve the innovative culture of biotech and bridge the translational gap by providing leading academic scientists with exclusive access to best-in-class technology platforms and the necessary R&D infrastructure to transform their discoveries into breakthrough therapies.

Executive Management Team

A proven record of selecting and developing commercially successful therapies

Max Krummel, PhD

Founder & Managing Member
  • UCSF Professor & Endowed Chair in Experimental Pathology
  • Discovered and patented Checkpoint Blockade Target CTLA-4 (2022 Yervoy® Sales: $2B)
  • Defined Myeloid Tuning & founded Pionyr (secured $1.7B Buyout Option from Gilead in 2020)
  • Discovered Immune Archetypes in Cancer & COVID
  • PhD, University California, Berkeley
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Michel Streuli, PhD

Founder, Managing Member, & Chief Executive Officer
  • Drove early development of multiple immunotherapies, including IntronA and Keytruda® (2022 Keytruda® Sales: $21B)
  • 20+ year biotech veteran
  • Former Professor at Harvard and Dana-Farber Cancer Institute
  • PhD, University of Zurich
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Venkataraman “Sriram”, PhD

Founder, Managing Member, & Chief Scientific Officer
  • Guided preclinical pharmacology for Keytruda® and led Pionyr’s non-clinical PY314 program
  • 15+ years experience in immuno-oncology R&D and strategy development at Schering-Plough, Merck, Gilead and Pionyr
  • Expertise in small molecule and biologics development for immuno-oncology
  • PhD, University of Madras
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Jate Sam, MBA, CLP

Chief Business Officer
  • Executed >$10B in M&A, financing, licensing transactions and ~$70M in PE/VC investments
  • 20 years of investment banking, corporate development, principal investing and general management experience in the biopharma and consumer sectors
  • MBA, Kellogg School of Management, Northwestern University
  • Certified Licensing Professional
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Contact Us

Interested in learning more? We're looking forward to hearing from you.

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