# Funga PBC

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/funga-pbc

- Industry: Environmental Services
- Headquarters: Austin, US
- Website: www.funga.earth
- Total disclosed funding: $4M
- Latest round: Seed (Dec 22, 2022)
- Investors on record: 4

## About

Based in Texas, US, and founded in 2021 by its CEO Colin Averill, Funga PBC operates as a nature-based carbon removal technology company that focuses on restoring the power of fungal biodiversity to working forests.  In January 2026, Funga PBC raised venture funding from Superorganism.

Funga PBC is developing climate change solutions by leveraging the forest fungal microbiome to improve forestry outcomes and address the climate crisis while increasing beneficial microbial biodiversity. It combines cutting-edge DNA sequencing and machine learning technology with groundbreaking forest microbiome research to place the right native, biodiverse communities of mycorrhizal fungi in the right place.

## Funding rounds

- Seed, Dec 22, 2022, $4M — Collaborative Fund, Better Ventures, Trailhead Capital, Azolla Ventures

## Investors

- Collaborative Fund (https://capitalatlas.ai/funds/collaborative-fund) — Seed
- Better Ventures — Seed
- Trailhead Capital (https://capitalatlas.ai/funds/trailhead-capital) — Seed
- Azolla Ventures (https://capitalatlas.ai/funds/azolla-ventures) — Seed