Nato Fund Backs Biotech Start-up in Push to Counter Biological Threats

Nato fund backs biotech start-up in push to counter biological threats

The Nato Innovation Fund has made its first investment in a biotechnology company, it said on Monday, seeking to enhance defences against biological threats.

NATO’s VC fund backs biotech startup for first time

The NATO Innovation Fund (NIF) has made its first investment in a biotechnology startup. The alliance’s VC arm announced today that it’s co-leading a $35mn Series A round for UK-based Portal Biotech as it seeks to strengthen NATO’s defences against biological warfare. Portal develops portable, AI-powered diagnostic devices capable of detecting pathogens at the single-molecule level. Unlike traditional lab-based systems, its platform is designed …

NATO fund backs biotech startup in push to counter biological threats

The NATO Innovation Fund has made its first investment in a biotechnology company, it said on Monday, seeking to enhance defences against biological threats The fund is co-leading a $35 million fundraising round for Portal Biotech, which uses protein sequencing to detect engineered threats and defend against biological warfare. UK-based Portal Biotech’s capability is essential […] The post NATO fund backs biotech startup in push to counter biolo…