Spore.Bio Secures $23M Series A Funding in Microbiology Innovation
Deal News | Feb 20, 2025 | Localglobe
Spore.Bio has successfully raised $23 million in a Series A funding round led by the private equity firm Localglobe. The company's pioneering microbiology testing technology, which utilizes light to deliver rapid results within minutes, is set to transform safety protocols across various industries. The technology shown by Spore.Bio has demonstrated accuracy comparable to traditional methods and has established a strategic partnership with the Pasteur Institute, a leading microbiology authority. Additionally, the company has acquired a local competitor, expanding its reach to over 200 factories poised to implement this innovative technology. Localglobe commends the founders Amine Raji, Maxime Mistretta, and Mohamed Tazi, along with their multidisciplinary team, for driving advances in food safety and public health on a global scale. The introduction of key individuals, Raffi, Maud, and the Singular team, signifies further growth momentum for the venture. This development is a significant achievement for European industry and France's microbiology expertise.
Sectors
- Biotechnology
- Private Equity
- Food Safety
Geography
- France – The partnership with the Pasteur Institute and the implications for French microbiology expertise signify France as a key geography.
- Europe – Spore.Bio’s innovations, supported by European funding, highlight the region's prominence in scientific advancements.
Industry
- Biotechnology – Spore.Bio operates in the biotechnology industry by advancing microbiology testing technology to improve safety across various sectors.
- Private Equity – Localglobe's investment in Spore.Bio positions this transaction within the private equity industry.
- Food Safety – Spore.Bio's technology has profound implications for enhancing food safety, a critical sector within public health.
Financials
- $23M – The amount raised by Spore.Bio in their Series A funding round.
Participants
Name | Role | Type | Description |
---|---|---|---|
Spore.Bio | Target | Company | The company receiving funding and developing light-powered microbiology testing technology. |
Localglobe | Investor | Company | The private equity firm leading the Series A funding round for Spore.Bio. |
Pasteur Institute | Partner | Company | A world leader in microbiology that Spore.Bio has partnered with. |
Amine Raji | Founder | Person | Co-founder of Spore.Bio involved in its founding and operational leadership. |
Maxime Mistretta | Founder | Person | Co-founder of Spore.Bio involved in its founding and operational leadership. |
Mohamed Tazi | Founder | Person | Co-founder of Spore.Bio involved in its founding and operational leadership. |
Raffi | Advisor | Person | Part of the Singular team, joining the Spore.Bio journey as an advisor or partner. |
Maud | Advisor | Person | Part of the Singular team, joining the Spore.Bio journey as an advisor or partner. |
Singular | Collaborator | Company | The company joining Spore.Bio's journey as a strategic partner or advisor. |