Bactobio Raises £6 Million To Discover Novel Antimicrobials
BAYER AG S/ADR (BAYRY)
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Source: Business Wire
LONDON--(BUSINESS WIRE)--Bactobio Ltd (‘Bactobio’ or ‘the Company’), a biotechnology company uncovering safer and greener antimicrobial solutions from previously unexplored microbes, announced today that it has closed an oversubscribed £6 million bridge financing round. The financing was led by Bridford Group, with support from angel investors Peder Holk Nielsen (Former CEO and President of Novozymes) and Hugh Grant (Former Chairman and CEO of Monsanto). New investors included the founders of the London-based fintech unicorn Lendable and Entangle Group.Bactobio is a world leader in capturing and exploring novel biodiversity.The Company’s unique combination of synthetic biology, next-generation sequencing and machine learning gives exclusive access to a growing library of thousands of previously unscreened microbes.An interdisciplinary approach then enables a thorough exploration of the potential chemical space, creating unmatched opportunity for new discovery across markets in hea
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