Funga

About Funga

Funga PBC is a public benefit corporation focused on restoring forest health by enhancing soil microbiomes. Their mission is to use biodiversity restoration as a climate solution by reintroducing native, growth-promoting fungal communities to degraded forest soils. This approach aims to improve forest ecosystems, accelerate growth, and maximize carbon capture, empowering forests as a key mechanism for removing excess carbon from the atmosphere.

Products & Services

Forest Soil Restoration:Identifying and reintroducing native fungal communities to degraded forest soils to enhance ecosystem health, promote faster tree growth, and increase carbon storage.

Southern Pine Carbon Project:A specific project focused on creating high-integrity carbon credits through forest soil restoration.

Land Partnerships:Collaborations with landowners to enhance forest soils, offering partnerships and incentives.

Specialties

Forest Soil Restoration Biodiversity Restoration Carbon Capture Soil Microbiome Research

Funding History

Debug: View Raw Funding Data

#	Type	Amount Fields	Date Fields	Investors
1	RT: Seed T: - FT: Seed	A: 4000000 MR: - FA: $4M USD FAN: 4000000	D: 2023-02-15 FD: 2023-02-15	4 investors

Seed Latest

2023-02-15

$4.0M

4 investors (Pro only)

Growth Metrics

+45%

Employee Growth

YoY

3.2x

Funding Growth

Last Round

12

Markets

Operating

10K+

Customers

Active

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Team & Leadership

C

Colin Averill

Founder, CEO

E

Erika Randolph

Chief Operating Officer

J

Josh Parrish

Chief Growth Officer

W

Will Canine

Advisor

W

Will Bradham

Forester

T

Tyler Claxton

Lead Forester

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Recent News

Funga Announces New Product Launch

2 days ago

Company unveils innovative solution to transform the industry, expanding market reach and capabilities...

Leadership Team Expands with Industry Veteran

1 week ago

New executive brings 20+ years of experience to accelerate growth and strategic initiatives...

Company Recognized as Industry Leader

2 weeks ago

Receives prestigious award for innovation and customer satisfaction in competitive market...

Key Competitors

C1

Competitor Alpha

Series B · $50M raised

C2

Competitor Beta

Series C · $120M raised

C3

Competitor Gamma

Series A · $25M raised

C4

Competitor Delta

Seed · $10M raised