# SpheroTec

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/spherotec

- Industry: Healthcare Specialists
- Headquarters: Germany
- Website: www.spherotec.com
- Total disclosed funding: $0.9M
- Latest round: Seed (Apr 10, 2007)
- Investors on record: 2

## About

SpheroTec is a German company focused on developing and producing innovative magnetic beads and calibration solutions that enhance laboratory efficiency in diagnostics and molecular biology applications.Founded in 2006 in Germany, SpheroTec specializes in magnetic beads and calibration solutions. The company raised EUR 0.67 million in Seed funding in April 2007, led by High-Tech Gründerfonds with participation from Bayern Kapital. With a total amount raised of EUR 0.67 million, the company maintains a valuation of EUR 4.371 million.SpheroTec specializes in the development and production of innovative magnetic beads and calibration solutions, primarily known for their core product offerings: SpheroTec Magnetic Beads and Rainbow Calibration products. These magnetic beads are designed to facilitate various applications in molecular biology and biochemistry, particularly in the fields of diagnostics and research. Their functionality is centered around enhancing the efficiency of separation processes and improving assay performance, serving a critical role in laboratory settings where precision is paramount. The primary end users include research institutions, diagnostic laboratories, and biotechnology companies that require reliable and high-quality tools for their analyses. SpheroTec markets its products primarily in Europe, North America, and select regions in Asia, effectively catering to a diverse clientele that values innovative solutions for complex scientific challenges.SpheroTec generates revenue through a direct sales model, focusing on B2B transactions with research institutions and commercial laboratories. The company's sales framework is structured around providing customized solutions to clients, which includes offering bulk orders of their flagship Sphero Magnetic Beads and calibration tools. Pricing structures for these products are determined based on the volume of purchase and specific client needs, ensuring tailored solutions that meet varying laboratory requirements. Partnerships with distributors and collaborations with research entities further enhance their market reach, creating a robust channel for revenue generation. The company's ongoing commitment to innovation and quality has positioned it favorably within the scientific community, contributing to sustained demand for its offerings.With the Seed funding of EUR 0.67 million raised in April 2007, SpheroTec is well-positioned to enhance its product offerings and expand into new markets. The company is focused on developing new magnetic bead products and calibration solutions, targeting their launch within the next 12 to 18 months. Additionally, SpheroTec aims to establish a stronger presence in North America and Asia by 2025, leveraging recent funding to support marketing and distribution efforts in these regions.

## Funding rounds

- Seed, Apr 10, 2007, $0.9M — High-Tech Gruenderfonds, Bayern Kapital

## Investors

- High-Tech Gruenderfonds (https://capitalatlas.ai/funds/high-tech-gruenderfonds) — Seed
- Bayern Kapital (https://capitalatlas.ai/funds/bayern-kapital) — Seed