About Funga
Funga is a company based in Austin (United States) founded in 2021.. Funga has raised $9.06 million across 2 funding rounds from investors including Azolla Ventures, Better Ventures and Trailhead Capital. Funga offers products and services including Soil Restoration Service and Southern Pine Carbon Project.
- Headquarter Austin, United States
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Sectors
Agriculture
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Funga Pbc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$9.06 M (USD)
in 2 rounds
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Latest Funding Round
$5.06 M (USD), Series A
Dec 03, 2024
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Investors
Azolla Ventures
& 3 more
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Employee Count
Employee Count
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Products & Services of Funga
Funga offers a comprehensive portfolio of products and services, including Soil Restoration Service and Southern Pine Carbon Project. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Restores forest soils using fungi to enhance carbon capture and growth.
Generates high-integrity credits from restored forest ecosystems.
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Advisor Team
3 people
Co Team
1 people
Leadership Team
1 people
Microbiome Team
1 people
Forest Team
1 people
Lead Team
1 people
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Funding Insights of Funga
Funga has successfully raised a total of $9.06M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $5.06 million completed in December 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Series A — $5.1M
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First Round
First Round
(15 Feb 2023)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2024 | Amount | Series A - Funga | Valuation |
investors |
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| Feb, 2023 | Amount | Seed - Funga | Valuation | Azolla Ventures |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Funga
Funga has secured backing from 4 investors, including institutional and venture fund investors. Prominent investors backing the company include Azolla Ventures, Better Ventures and Trailhead Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Micro-venture capital firm investing in pre-seed to seed stage startups
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Founded Year | Domain | Location | |
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Trailhead Capital is focused on regenerative agriculture investments.
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Founded Year | Domain | Location | |
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Azolla Ventures is focused on investing in climate solutions.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Funga
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Funga
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Funga Comparisons
Competitors of Funga
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Funga
Frequently Asked Questions about Funga
When was Funga founded?
Funga was founded in 2021 and raised its 1st funding round 2 years after it was founded.
Where is Funga located?
Funga is headquartered in Austin, United States. It is registered at Austin, Texas, United States.
Is Funga a funded company?
Funga is a funded company, having raised a total of $9.06M across 2 funding rounds to date. The company's 1st funding round was a Seed of $4M, raised on Feb 15, 2023.
What does Funga do?
Provider of forest fungal microbiome improvement solutions using DNA sequencing. It combines DNA sequencing and machine learning technology for improving the forest microbiome and putting the biodiverse communities of mycorrhizal fungi in the right place. This process results in enhanced wood creation and helps in carbon sequestration.
What products or services does Funga offer?
Funga offers Soil Restoration Service and Southern Pine Carbon Project.
Who are Funga's investors?
Funga has 4 investors. Key investors include Azolla Ventures, Better Ventures, Trailhead Capital, and Shared Future Fund.