# Pluton Biosciences

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/pluton-biosciences

- Industry: Biotechnology
- Headquarters: Missouri City, US
- Website: www.plutonbio.com
- Total disclosed funding: $24M
- Latest round: Series A (Feb 24, 2023)
- Investors on record: 11

## About

Pluton Biosciences is a biotechnology firm focused on microbial discovery, specializing in rapid identification and commercialization of novel microbes to address environmental challenges and enhance sustainable practices across various industries.Founded in 2017 and headquartered in Missouri City, US, Pluton Biosciences specializes in microbial discovery. The company has undergone strategic pivots to enhance its focus on environmental solutions. Elizabeth Gallegos serves as CEO, and the company has successfully raised USD 17.579 mn in its Series A funding round in February 2023, with participation from investors such as Illumina Ventures and RA Capital Management. Pluton has undertaken a total of 5 deals to date, with its latest funding representing the total amount raised thus far.Pluton Biosciences specializes in innovative microbial discovery through its flagship product, the Micromining Innovation Engine. This groundbreaking technology enables the rapid identification and commercialization of novel microbes, significantly reducing the discovery timeline from years to mere months. The company is focused on creating next-generation products aimed at addressing critical challenges in carbon sequestration, sustainable agriculture, biomaterials, and bioremediation. Their diverse customer base includes agricultural companies, environmental organizations, and industries seeking sustainable solutions, with products being marketed primarily in North America, Europe, and select markets in Asia. The end users of these solutions range from farmers looking for sustainable agricultural practices to organizations focused on climate change mitigation and environmental restoration.Pluton Biosciences generates revenue through a combination of partnerships and direct sales of its microbial solutions. The transactional framework is primarily B2B, with agreements established with corporate partners and clients that require specific microbial applications for their operations. For instance, companies in the agriculture sector may engage in subscription agreements for ongoing access to Pluton's microbial products, which are tailored for carbon-efficient farming practices. Additionally, the firm may offer project-based contracts where clients pay for customized solutions to specific environmental challenges. The financial structure is designed to support long-term relationships with clients, ensuring that Pluton remains a critical partner in the pursuit of sustainable and innovative biological applications.Pluton Biosciences plans to utilize the USD 17.57 mn raised in its Series A funding round to expand its team, strengthen its platform, and advance its initial products. The company is focused on launching new microbial solutions designed to tackle pressing environmental issues, with releases anticipated in the near future. Additionally, Pluton aims to expand its market presence into Europe and Asia by the end of 2024, targeting agricultural and climate-focused organizations. This strategic expansion is part of their overall growth plan to enhance their offerings and reach a broader clientele.

## Funding rounds

- Series A, Feb 24, 2023, $18M — Grantham Foundation, Fall Line Capital, Better Ventures, RA Capital Management, iSelect Fund Management, Illumina Ventures, The Yield Lab, Radicle Growth, First In Capital, Wollemi Capital
- Seed, Sep 17, 2021, $6.7M — Grantham Foundation, Fall Line Capital, Better Ventures, Wing, The Yield Lab, First In Capital

## Investors

- Grantham Foundation — Seed, Series A
- Fall Line Capital (https://capitalatlas.ai/funds/fall-line-capital) — Seed, Series A
- Better Ventures — Seed, Series A
- Wing (https://capitalatlas.ai/funds/wing) — Seed
- The Yield Lab (https://capitalatlas.ai/funds/the-yield-lab) — Seed, Series A
- First In Capital (https://capitalatlas.ai/funds/first-in-capital) — Seed, Series A
- RA Capital Management (https://capitalatlas.ai/funds/ra-capital-management) — Series A
- iSelect Fund Management (https://capitalatlas.ai/funds/iselect-fund-management) — Series A
- Illumina Ventures (https://capitalatlas.ai/funds/illumina-ventures) — Series A
- Radicle Growth (https://capitalatlas.ai/funds/radicle-growth) — Series A
- Wollemi Capital (https://capitalatlas.ai/funds/wollemi-capital) — Series A