Spore.Bio Advances With $23M Series A Funding Led by Localglobe
Deal News | Feb 20, 2025 | 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
Name | Role | Type | Description |
---|---|---|---|
Spore.Bio | Target Company | Company | A biotechnology firm specializing in light-powered microbiology testing. |
Localglobe | Investor | Company | A venture capital firm leading the Series A investment round in Spore.Bio. |
Pasteur Institute | Partner | Company | A world-renowned organization in microbiology partnering with Spore.Bio. |
Amine Raji | Co-Founder | Person | Co-founder of Spore.Bio. |
Maxime Mistretta | Co-Founder | Person | Co-founder of Spore.Bio. |
Mohamed Tazi | Co-Founder | Person | Co-founder of Spore.Bio. |
Singular | Advisor | Company | An advisory team involved in Spore.Bio's journey. |