Funga
Austin, US · Founded 2021 · Delaware corporation · 3 known investors
Funga restores forest soil health by reintroducing native fungal communities to degrade soils, enabling forests to grow faster and capture more carbon in biomass. The company applies soil microbiome restoration as a climate solution for forest ecosystem recovery.
Founders & leadership
CA
Colin AverillExecutive Officer, Director
MN
Matthew NordanDirector
Investors · 3
Reported raises · per SEC filings
Form D private placements▶$5.1MraisedDec 2024 · 8 investors · Other TechnologyRule 506(b)
▶$5.1MraisedDec 2024 · 8 investors · Other Technology
Rule 506(b)Officers, directors & promoters on the filing
- Colin AverillExecutive Officer, Director
- Matthew NordanDirector
- Offering amount
- $5.1M
- Amount sold
- $5.1M
- First sale
- Dec 2024
- Incorporated
- Corporation, Delaware, 2021
- Federal exemptions
- 06b
▶$4MraisedJan 2023 · 6 investors · Other TechnologyRule 506(b)
▶$4MraisedJan 2023 · 6 investors · Other Technology
Rule 506(b)Officers, directors & promoters on the filing
- Colin AverillExecutive Officer, Director
- Matthew NordanDirector
- Offering amount
- $4M
- Amount sold
- $4M
- First sale
- Dec 2022
- Incorporated
- Corporation, Delaware, 2021
- Federal exemptions
- 06b
Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.
In the news
- Funga uses forest fungi to capture carbon, raises $4 million in seed fundinggreen.earth · 2023
- Funga: How does the world’s first fungi-powered carbon removal project work? | Euronewseuronews.com · 2023
- Startup Funga Uses Fungi to Capture Carbon in Forestscarboncredits.com · 2023
- New Startup Funga Closes $4M Funding Roundcarbonherald.com · 2023
- Funga secures funding to lead first carbon removal project powered by fungal microbiome restorationglobenewswire.com · 2023