Over the second half of 2019, DAISA started an engagement with North Spore to support the development of the growth strategy of the company. The ultimate goal of this project is to provide access to the right capital to North Spore, allowing the company to grow while retaining their mission and values.
WHO IS NORTH SPORE?
This Maine-based company founded by three college colleagues represents how passionate entrepreneurs of the food system can create new ways to reshape the system. North Spore commercializes a variety of mushroom production tools, especially edible mushroom spawns – which are the equivalent of the seeds for the plants. Their main segment of clients are small farmers and home growers. With its strong value for collaboration and knowledge sharing, North Spore is demystifying mushroom production for thousands of people.
WHO IS NORTH SPORE?
This Maine-based company founded by three college colleagues represents how passionate entrepreneurs of the food system can create new ways to reshape the system. North Spore commercializes a variety of mushroom production tools, especially edible mushroom spawns – which are the equivalent of the seeds for the plants. Their main segment of clients are small farmers and home growers. With its strong value for collaboration and knowledge sharing, North Spore is demystifying mushroom production for thousands of people.
From left to right: North Spore Founders Jon Carver, Matt McInnis, and Eliah Thanhauser, with
DAISA Capital Director Gustavo Mamao.
DAISA Capital Director Gustavo Mamao.
North Spore stands for a world of people consuming healthy and delicious mushrooms. During their work with the DAISA Capital team, led by Gustavo Mamao, the company’s founders got conscious on how the company impact thesis is related to some of the Sustainable Development Goals (SDGs). The potential for mushrooms to be a key meat replacement – which has been one of the forces for plant-based alternative products – and all the scientific progresses into the health benefits of some mushroom species are key market forces driving North Spore’s fast growth over the last few years.
North Spore Sustainable Development Goals
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FACING COVID-19 PANDEMIC
As any individual or organization of this planet at this point, North Spore has also been impacted by coronavirus health and economic challenges. On the one hand, the company is adjusting to some of its small farms’ customer demand decreasing, like local restaurants. On the other hand, the company's online sales are booming to address home growers' demand, especially due to the fact that people are spending more time at home and want activities to do during their spare time as well as guaranteeing their supply of food.
DAISA, through its special initiative DAISA Capital, is looking forward to move to the next project phase and start approaching patient capital investors in order to raise the right capital to allow North Spore to keep “spreading the spore” and supporting more farmers and people to have good food locally, and, sometimes, at home.
Take a look at the North Spore website: www.northspore.com
If you want to know more details about this project, or to consider investing in North Spore, reach out to Gustavo Mamao at [email protected]
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