At Funga, we use the forest fungal microbiome to improve forestry outcomes and address the climate crisis while enhancing beneficial microbial biodiversity. We combine modern DNA sequencing and machine learning technology with breakthrough research on the forest microbiome to put the right native, biodiverse communities of mycorrhizal fungi in the right place. This leads to more quality wood created more quickly, more carbon sequestered, and more resilient forest ecologies.
Employees: 1-10
Total raised: $4M
Founded date: 2021
Investors 1
| Date | Name | Website |
| - | Trailhead ... | trailheadc... |
Funding Rounds 1
| Date | Series | Amount | Investors |
| 15.02.2023 | Seed | $4M | Shared Fut... |
Mentions in press and media 6
| Date | Title | Description |
| 19.09.2023 | VC firm Superorganism takes eco-investing to next level | The firm invests in early-stage startups combating loss of biodiversity Invasive species, destruction of habitats, overconsumption, pollution, and climate change are some of the main threats to the variety of animal and plant life on Earth ... |
| 13.07.2023 | An ambitious climate fund aims to break the mold | A $239 million climate tech investment fund brings an atypical structure — and ambitious goals — to the startup arena. Driving the news: Azolla Ventures, launched out of the nonprofit Prime Coalition, focuses on early-stage hardware startup... |
| 16.02.2023 | The Week in AgriFoodTech: GrainChain raises $29m, Brigad bags $30m, AeroFarms & iFarm head to MENA | This week, US-based GrainChain announced a $29 million raise for its ag supply chain platform, and hospitality tech startup Brigad landed $30 million. More vertical farming startups are headed to the Middle East North Africa (MENA) region, ... |
| 15.02.2023 | Funga wants to accelerate carbon capture using belowground fungal biodiversity | Funga claims to be the first nature-based carbon removal to be powered by belowground biodiversity restoration. The company just raised a $4 million round. The company was founded by ecologist and climate scientist Dr. Colin Averill, and it... |
| 15.02.2023 | Funga Closes $4M USD Seed Funding Round | Funga, an Austin, TX-based company focused on establishing commercial nature-based carbon removal projects, raised $4M USD in Seed funding. The round was led by Azolla Ventures with participation from Trailhead Capital, Better Ventures, and... |
| - | Funga | “Home | FUNGA” |