Funga
Austin, US · Founded 2021 · Delaware corporation · 39 employees on LinkedIn · 5 known investors
Find your way into Funga
577 people in our graph share verified history with the Funga team — schools, employers, funds. One of them is your warm intro.
Steve Singhunlockedknows Josh Parrish · together at Nature (overlapped)
knows the team · via Descartes Labs
×4knows the team · via Boston University
×5knows the team · via University of Texas at Austin
knows the team · via Penn State University
Funga restores forest soil microbiomes by reintroducing native, growth-promoting fungal communities to degraded land, aiming to speed forest growth and increase carbon captured in wood biomass. It uses biodiversity restoration as a carbon-removal climate solution.
Founders & leadership
Funga was founded in 2021 by Dr. Colin Averill.
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Dr. Colin AverillinFounder, CEODr. Colin Averill leads an academic research group at ETH Zürich's Crowther Lab studying forest microbiomes and mycorrhizal fungi; he founded Funga, a public-benefit corporation based in Austin, Texas, to apply this research toward soil restoration and carbon removal.
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Erika RandolphinChief Operating OfficerShe brings over 16 years of experience in sustainability and operations leadership across forestry, technology, consumer products, agriculture, and other industries, with responsibility for P&Ls ranging from $1.5M to over $100M and managing teams of up to 30 people, including managers.
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Josh ParrishinChief Growth OfficerHe has worked with forest and farm owners on climate, sustainability, and conservation initiatives.
Board
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Investors · 5
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Reported raises · per SEC filings
Form D private placements$9.1M disclosed across 2 rounds · 2022–2024
▶$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
Frequently asked questions
- What does Funga do?
- Funga restores forest soil microbiomes by reintroducing native, growth-promoting fungal communities to degraded land, aiming to speed forest growth and increase carbon captured in wood biomass. It uses biodiversity restoration as a carbon-removal climate solution.
- Who founded Funga?
- Funga was founded by Dr. Colin Averill in 2021.
- Who are Funga's investors?
- Funga's investors include Azolla Ventures, Better Ventures, Trailhead Capital, Better Ventures Central Llc, Collaborative Fund.
- How much funding has Funga raised?
- Funga has disclosed $9.1M raised across 2 rounds.
- Where is Funga headquartered?
- Funga is headquartered in Austin, US.