Spore.Bio Secures $23M Series A for Revolutionary Microbiology Testing
Deal News | Feb 20, 2025 | Localglobe
Spore.Bio, an innovative company in microbiology testing, has raised $23M in Series A funding from Localglobe. Their technology operates on a light-powered system delivering microbiology tests significantly faster than traditional methods, with accuracy comparable to industry standards. The company has already formed a partnership with the Pasteur Institute and acquired a local competitor, setting the stage for expansion. More than 200 factories are prepared to implement Spore.Bio's technology, reflecting its high demand. The funding was announced with an expression of continued support from Localglobe and marks a significant milestone for the European microbiology community, particularly in France.
Sectors
- Microbiology
- Venture Capital
Geography
- France – The partnership with the Pasteur Institute, a prominent French entity, and the emphasis on European leadership in microbiology, highlights the article's connection to France.
- Europe – The article conveys a significant achievement for the European microbiology community, indicating a broader geographical impact.
Industry
- Microbiology – The article focuses on Spore.Bio's advancements in microbiology testing, an essential component of the healthcare and food safety industries.
- Venture Capital – Localglobe's involvement as a venture capital firm providing Series A funding signifies the role of investment in fostering innovation and business growth.
Financials
- $23M – Series A investment received by Spore.Bio from Localglobe.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Spore.Bio | Target | Company | An innovative microbiology testing company focusing on light-powered, rapid testing solutions. |
| Localglobe | Investor | Company | A venture capital firm providing Series A funding to Spore.Bio. |
| Pasteur Institute | Partner | Company | A world-leading institute in microbiology with which Spore.Bio has partnered. |
| Amine Raji | Founder | Person | Co-founder of Spore.Bio. |
| Maxime Mistretta | Founder | Person | Co-founder of Spore.Bio. |
| Mohamed Tazi | Founder | Person | Co-founder of Spore.Bio. |
| Singular | Company | Company | Team being welcomed into Spore.Bio's journey. |