Covington Advised Portal Biotech Limited On $35 Million Series A funding Led By NATO Innovation Fund

Covington Advised Portal Biotech Limited On $35 Million Series A funding Led By NATO Innovation Fund

Covington advised Portal Biotech Limited, a UK-based deep tech start-up, on its $35 million Series A financing round.

Portal Biotech is pioneering AI-backed protein sequencing technology poised to significantly advance drug discovery, precision medicine, and global biosecurity.

The funding round was led by the NATO Innovation Fund, a venture capital fund supported by 24 NATO allies, alongside Earlybird Venture Capital. This marks the NATO Innovation Fund’s first investment in a biotechnology company, aligned with its mission to enhance defences against biological threats.

The Covington team was led by Ben Land-Maycock (Partner), with support from Hannah Berry (Associate) and Ross Evans (Special Counsel).

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