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
- SectorsAgriculture
- Email••••••••
- Website funga.earth
- Social LinkedIn X Instagram YouTube
- Legal Name Funga Pbc
- Total Equity Funding$9.06M (USD)
in 2 rounds
- Latest Funding Round$5.06M (USD), Series A
Dec 2024
- InvestorsAzolla Ventures
& 3 more
Products & Services of Funga
Funga offers a comprehensive portfolio of products and services, including Soil Restoration Service and Southern Pine Carbon Project.
Restores forest soils using fungi to enhance carbon capture and growth.
Generates high-integrity credits from restored forest ecosystems.
Apps and channels of Funga
its YouTube channel Funga PBC has 21 subscribers.
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 $9.06M
- Total Rounds 2
- Last Round Series A — $5.06M
- First Round $4M
(Feb 2023)
- Investors Count 4
All 2 funding rounds of Funga with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec 2024 | $5.06M | Series A | – | – | – |
| Feb 2023 | $4M | Seed | – | Azolla Ventures |
4 investors in total: 4 institutional.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Micro-venture capital firm investing in pre-seed to seed stage startups | – | better.vc | Oakland, United States | |
Trailhead Capital is focused on regenerative agriculture investments. | – | trailheadcap.com | Denver, United States | |
Azolla Ventures is focused on investing in climate solutions. | – | azollaventures.com | Cambridge, United States | |
Funding is provided to early-stage entrepreneurs addressing climate crisis. | – | sharedfuture.xyz | - |
Investor details for Funga
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of Funga
8 people are tracked at Funga (1 in leadership, 4 in board & advisors, 3 in team).
| Name | Role | Group |
|---|---|---|
Colin Averill | Founder & Chief Scientific Officer | Leadership |
Jonathan Hennek | Advisor | Board & advisors |
Lauren Serota | Co-founder & Advisor | Board & advisors |
Matt Wallenstein | Advisor | Board & advisors |
Tom Crowther | Advisor | Board & advisors |
Caylon Yates | Microbiome Scientist | Team |
Maria Garcia | Forest Fungal Inoculation Engineer | Team |
Ian Ware | Lead Forest Scientist | Team |
Complete people profiles for Funga
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of Funga
3 dated milestones of Funga across 3 years, from founding to its latest funding, stage changes and deals.
- Founded Funga is founded.
- Funding First funding round of $4.0M.
- Funding Latest funding round, Series A, of $5.1M.
Web traffic of Funga
The website of Funga (funga.earth) receives about 3.5K visits a month.
- Monthly visits3.5K
▲ 2.4% vs previous month
Latest news on Funga
Complete news archive for Funga
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Similar companies to Funga
10 companies that operate in the same segment as Funga (Forestry Tech & Equipment), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Wildfire detection and forest monitoring networks and platforms are developed. | 2019 | Berlin, Berlin, Germany | USD 20.63 M | – | – | |
Satellite imagery and geospatial analytics are utilized for water monitoring. | 2012 | Didcot, Oxfordshire, United Kingdom | USD 17.11 M | – | 46 | |
AI-based wildfire detection devices are developed for monitoring and alerts. | 2017 | San Francisco, California, United States | USD 81 M | – | 25 | |
AI-based technology for grid wildfire prevention is provided. | 2020 | Sacramento, California, United States | USD 97.33 M | – | 44 | |
Ecosystem restoration is enabled by data-driven technology and forestry services. | 2020 | Ocean View, Delaware, United States | USD 35.06 M | – | – | |
AI and satellite imagery-based wildfire detection solutions are provided. | 2018 | Munchen, Bayern, Germany | USD 91.29 M | – | 83 | |
Forest-based management services are provided in Austria. | 2019 | Dornbirn, Vorarlberg, Austria | USD 5.36 M | – | – | |
Provider of carbon sequestration and forest thinning solutions | 2019 | Uppsala, Uppsala County, Sweden | USD 11.28 M | – | – | |
Provider of forest carbon project planning and carbon credit marketplace | 2022 | Tallinn, Estonia | USD 7.74 M | – | 14 | |
Provider of an AI and web-based platform for measuring carbon stock | 2020 | Boston, Massachusetts, United States | USD 20.76 M | – | – |
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Frequently Asked Questions about Funga
Funga was founded in 2021 and raised its 1st funding round 2 years after it was founded.
Funga is headquartered in Austin, United States. It is registered at Austin, Texas, United States.
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 2023.
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.
Funga offers Soil Restoration Service and Southern Pine Carbon Project.
Funga has 4 investors. Key investors include Azolla Ventures, Better Ventures, Trailhead Capital, and Shared Future Fund.
Funga operates through Funga Pbc.