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Spanish Oncology Start-Up Ona Raises €30m

Aims To Be In The Clinic by 2023

 
• By Kevin Grogan

A syndicate of high-profile investors are backing the Barcelona-based firm's bid to develop biologics targeting metastatic-initiating cells and lipid metabolism.    

Barcelona
Barcelona is becoming a major biotech hub • Source: Shutterstock

Despite the uncertainties caused COVID-19, Spain's Ona Therapeutics has raised a very respectable €30m in a series A financing to push the Barcelona-based firm's first-in-class treatments for metastatic cancer towards the clinic.

The financing for Ona, founded last year by IRB Barcelona, ICREA and scientists Salvador Aznar-Benitah and Valerie Vanhooren, has been supported by a strong European investor syndicate including Alta Life Sciences, Bpifrance (through its InnoBio 2 fund), Fund+, Ysios Capital and existing investor Asabys Partners

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