Phagos Secures €25 Million to Tackle Bacterial Diseases
Paris-based Phagos, a biotech startup founded four years ago, raised €25 million in a Series A funding round to advance its innovative solutions in combating bacterial diseases. The funding was spearheaded by notable investors such as CapAgro and Hoxton Ventures, emphasizing the significance of developing alternative treatments in the face of rising antibiotic resistance.
Paris-based startup Phagos has successfully closed a €25 million Series A funding round aimed at revolutionizing the treatment of bacterial diseases through phage therapy. The company, established four years ago, focuses on developing biotechnological solutions to address the escalating challenge of antibiotic resistance—a critical issue in global healthcare.
The funding round was co-led by CapAgro, Hoxton Ventures, CapHorn, and Demeter, with noteworthy participation from Acurio Ventures and other strategic investors. This financial injection signifies a strong vote of confidence in Phagos’ cutting-edge approach to disease management.
Phagos applies advanced diagnostic tools and artificial intelligence to develop and harness bacteriophages—viruses that target and destroy specific bacteria—enabling personalized infection treatments. This method is viewed as a promising alternative to traditional antibiotics, which are increasingly losing their efficacy due to resistant bacterial strains.
The influx of €25 million will be pivotal for Phagos as it plans to expand its research and development activities and scale its platform to cater to a broader market. By leveraging AI in conjunction with phage therapy, Phagos aims to offer more precise and effective treatment options that could potentially transform the landscape of bacterial disease management.
Investors such as CapAgro and Hoxton Ventures have identified Phagos’ technology as not only innovative but imperative, considering the rising global demand for novel and effective treatments for bacterial infections. With antibiotic resistance on the rise, the healthcare community is in dire need of new solutions to effectively manage and treat these infections.
The significant backing from a lineup of prominent investors highlights the importance of Phagos’ mission and its potential impact on public health. As Europe positions itself as a leader in biotechnological innovation, companies like Phagos are at the forefront of integrating AI and biological sciences to devise new healthcare solutions.
For more details, visit the original article at tech.eu.
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