Allecra Therapeutics has raised €22M in its Series B round from some key investors. The money will back the Phase II trials for a new broad-spectrum antibiotic for resistant bacteria.
The development of antibiotic resistance in bacteria has been one of the key concerns of healthcare authorities for quite some time. The World Health Organisation estimates that as of 2050, over 10 million people will die every year from antibiotic resistance, more than from cancer.
Developing new antibiotics, which tackle the mechanisms of resistance in bacteria, is the goal of Allecra Therapeutics. The company was founded in 2013 with a €15M Series A and is located in the Rhine region, having bases in Lörrach (Germany) and Saint Louis (France).
Allecra has now raised an additional €22M Series B round led by a new investor – Delos Capital (US). Previous investors also participated, including EMBL Ventures (the investment arm of the European Molecular Biology Laboratory), Edmond de Rothschild and Forbion (both on our list of top European VCs).