Connect with us


MicThera Secures 1 Million Euro from Indaco Bio Fund

MicThera, a biotech startup from Lodi specializing in bacterial-inspired prostate cancer therapies, secured a €1 million investment from Indaco Bio Fund. The funds will develop new oncological therapies, leveraging research by prof. Andrea Alimonti and colleagues. Indaco Bio Fund’s investment strategy focuses on promising biotech projects, with MicThera poised to translate cutting-edge microbial research into innovative treatments.




MicThera, a biotech startup based in Lodi, specialized in the development of bacterial-inspired therapies to improve prostate cancer treatments, has secured an investment of one million euros, divided into tranches, from Indaco Bio Fund, the fund dedicated to biotech, managed by Indaco Venture Partners sgr.

MicThera will use the funds to develop new therapies

The investment will be used to develop new therapies for the treatment of oncological diseases, based on the research of internationally renowned scientific founders, namely prof. Andrea Alimonti , Dr. Nicolò Pernigoni and professor Arianna Calcinotto .

Pernigoni, co-founder and executive director of MicThera, said: “Our goal at MicThera is to translate cutting-edge microbial research into concrete oncology treatments that can significantly improve patients’ progress. We are committed to harnessing the power of beneficial microorganisms to pioneer new therapeutic approaches.”

Goncalo Rebelo de Andrade, partner of Indaco Bio Fund and president of MicThera, commented: “MicThera is based on the research conducted by Prof. Alimonti’s group and offers multiple opportunities for the development of innovative microbial-derived therapies that explore new approaches for cancer to the prostate. MicThera will continue to maintain close collaborations with the Institute of Oncology Research (IOR, Bellinzona), ensuring the continued translation of this cutting-edge research into the development of new therapies, providing new perspectives and hope to cancer patients around the world,” he has declared

“As part of our investment strategy, we are selectively scouting for qualified technology transfer projects. In MicThera we found a promising mix of scientific validation and therapeutic potential that convinced us to support a talented team to start its entrepreneurial journey,” added Davide Turco, partner and managing director of Indaco Venture Partners sgr.

This is the third investment for the Indaco Bio fund, after the one in Alia Therapeutics, a Trentino startup active in the development of new proprietary technologies in the genome editing field for the treatment of rare genetic diseases and in oncology; and the one in Sibylla Biotech, a spin-off of the INFN ( National Institute of Nuclear Physics ), the University of Perugia and the University of Trento.

The fund is focused on Italy, but there will be significant space for investments abroad, particularly in Europe, North America and Israel

Led by Turco together with Elizabeth Robinson (also executive vice president of the asset management company) and by partners Giovanni Rizzo and Goncalo Rebelo De Andrade , the fund announced the first closing of the collection in May 2022 at 95 million euros on a final target of 150 million , thanks to the commitments of FEI – European Investment Fund , CDP Venture Capital sgr , Intesa Sanpaolo , Quaestio sgr and Inarcassa.

Even outside of the thematic fund, Indaco has already invested in the biotech sector in some important companies, among which Enthera stands out, dedicated to the development of new therapeutic approaches for type 1 diabetes and gastrointestinal diseases, founded at the beginning of 2016 by Paolo Fiorina and Francesca D’Addio together with BiovelocITA.

BiovelocITA is an accelerator of early-stage, innovative and high-potential biotech projects, founded by Silvano Spinelli, Gabriella Camboni together with Sofinnova Partners and the Atlante Seed fund , fund of seed venture then managed by Imi Fondi Chiusi sgr (Intesa Sanpaolo group), whose management then passed to Indaco Venture Partners sgr. The Atlante Seed fund, both directly and through BiovelocITA, then followed the subsequent 4 million round in 2018.


(Featured image by Marek Studzinski via Unsplash)

DISCLAIMER: This article was written by a third party contributor and does not reflect the opinion of Born2Invest, its management, staff or its associates. Please review our disclaimer for more information.

This article may include forward-looking statements. These forward-looking statements generally are identified by the words “believe,” “project,” “estimate,” “become,” “plan,” “will,” and similar expressions. These forward-looking statements involve known and unknown risks as well as uncertainties, including those discussed in the following cautionary statements and elsewhere in this article and on this site. Although the Company may believe that its expectations are based on reasonable assumptions, the actual results that the Company may achieve may differ materially from any forward-looking statements, which reflect the opinions of the management of the Company only as of the date hereof. Additionally, please make sure to read these important disclosures.

First published in Be Beez. A third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.

Although we made reasonable efforts to provide accurate translations, some parts may be incorrect. Born2Invest assumes no responsibility for errors, omissions or ambiguities in the translations provided on this website. Any person or entity relying on translated content does so at their own risk. Born2Invest is not responsible for losses caused by such reliance on the accuracy or reliability of translated information. If you wish to report an error or inaccuracy in the translation, we encourage you to contact us

Eva Wesley is an experienced journalist, market trader, and financial executive. Driven by excellence and a passion to connect with people, she takes pride in writing think pieces that help people decide what to do with their investments. A blockchain enthusiast, she also engages in cryptocurrency trading. Her latest travels have also opened her eyes to other exciting markets, such as aerospace, cannabis, healthcare, and telcos.