London-based Portal Biotech has secured a $35 million Series A funding round, marking one of the largest investments in a European life sciences tools company. The investment round, co-led by the NATO Innovation Fund and Earlybird Venture Capital, also saw significant participation from several established and new investors such as SCVC, Pillar VC, 8VC, Amino Collective, Outsized, We Venture Capital, British Business Bank, and WS Investment Company. This substantial funding is set to accelerate Portal Biotech’s development of what it describes as the world’s first full-length, single-molecule protein sequencer, a groundbreaking technology aimed at transforming drug discovery, precision medicine, and biosecurity.

Proteins play a fundamental role in nearly all biological processes, yet current technologies, often reliant on mass spectrometry, struggle to fully characterise proteins, especially regarding modification patterns that alter protein functions. These limitations contribute to costly drug development failures and diagnostic inaccuracies. Portal Biotech’s approach leverages advances in nanopore biosensing, a technique refined through over a decade of academic research. Their platform offers rapid, full-length protein sequencing at single-molecule resolution, enabling detailed protein characterisation that could uncover mutations and modifications with unparalleled precision. This technology, integrated with advanced artificial intelligence, is positioned to provide researchers with insights into the dynamic complexity of the proteome that have so far eluded traditional methods.

The company emphasises the accessibility and cost-efficiency of its benchtop sequencers, contrasting with the capital-intensive and specialised nature of existing mass spectrometry platforms. By enabling high-throughput protein analysis in typical laboratory settings, Portal Biotech’s technology promises to streamline early drug development decisions, enhance diagnostic accuracy, and improve global biosecurity measures. Dr Ana Bernardo-Gancedo, Senior Associate at the NATO Innovation Fund, highlighted the strategic importance of this innovation, noting its potential to detect engineered biological threats rapidly and accurately—an essential capability for defence against biowarfare and pandemic preparedness.

Portal Biotech’s vision aligns with broader scientific efforts to move beyond genomics and explore the proteome, which offers richer biological insights. The genome has been extensively decoded, but understanding proteins—the functional executors of genomic instructions—remains a frontier. Reflecting this, Earlybird Venture Capital expressed strong confidence that Portal Biotech’s advancements could revolutionise protein sequencing similarly to how next-generation DNA sequencing transformed genomics.

The significance of nanopore sequencing technology in life sciences has been gaining momentum, evident from developments in academic research and industry. For instance, researchers at the University of Groningen recently reported progress in nanopore-based protein transport and sequencing, hinting at future handheld devices capable of rapid protein analysis. Meanwhile, other UK-based companies like Oxford Nanopore Technologies have been pioneering nanopore sequencing for DNA and RNA, supported by significant investments and expanding commercial capabilities. These concurrent advancements underscore a vibrant and competitive landscape in molecular sequencing technologies.

Portal Biotech’s innovation promises to make proteomics more routine and widespread, potentially reshaping numerous applications across health and biological research. With this new infusion of capital, the company plans to deepen collaborations with pharmaceutical and biotech leaders, expand its research and development footprint, and accelerate commercialisation efforts worldwide.

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Source: Noah Wire Services