Spore.Bio Advances With $23M Series A Funding Led by Localglobe

Deal News | Feb 20, 2025 | Localglobe

Spore.Bio Advances With $23M Series A Funding Led by Localglobe

Spore.Bio, a pioneer in light-powered microbiology testing, has secured $23 million in Series A funding led by Localglobe. The company's technology promises a significant advancement in safety testing across industries by delivering rapid insights within minutes, potentially saving lives. Already demonstrating success with accuracy comparable to traditional methods, Spore.Bio has entered into a partnership with the Pasteur Institute, acquired a local competitor, and has over 200 factories poised to implement its technology. This funding will help further their mission of improving food safety and public health on a global scale. The founders, Amine Raji, Maxime Mistretta, and Mohamed Tazi, are leading a multidisciplinary team that is set to make substantial contributions to the field. The investment also marks an important milestone for Europe's microbiology sector, particularly in France.

Sectors

  • Biotechnology
  • Food Safety

Geography

  • Europe – The investment and technological advancements are a significant milestone for the microbiology community in Europe, particularly in France.

Industry

  • Biotechnology – Spore.Bio is involved in the development of biotechnology solutions, particularly in microbiology testing.
  • Food Safety – The company focuses on technology that advances food safety through rapid testing methods.

Financials

  • $23M – Series A funding raised by Spore.Bio, led by Localglobe.

Participants

NameRoleTypeDescription
Spore.BioTarget CompanyCompanyA biotechnology firm specializing in light-powered microbiology testing.
LocalglobeInvestorCompanyA venture capital firm leading the Series A investment round in Spore.Bio.
Pasteur InstitutePartnerCompanyA world-renowned organization in microbiology partnering with Spore.Bio.
Amine RajiCo-FounderPersonCo-founder of Spore.Bio.
Maxime MistrettaCo-FounderPersonCo-founder of Spore.Bio.
Mohamed TaziCo-FounderPersonCo-founder of Spore.Bio.
SingularAdvisorCompanyAn advisory team involved in Spore.Bio's journey.