Funga
Planet Prosperity
VERTICAL
GLOBAL LOCATIONS
n/a
INVESTMENT VEHICLE
HEADQUARTERS
CO-INVESTORS
FOUNDERS
INVESTING SINCE
SDG's
DIF II
Azolla Ventures, Trailhead, Better Ventures, Will Canine, Superorganism
2024
United States
(13) Climate Action
(15) Life on Land
KPI's
2023
Theoretical KPIs
Pilot results
Additional growth over business as usual forestry
Acres under carbon lease
Site sampled
800
1.675
30%
- Restored Biodiversity
- Ecosystem Resilience: (e.g. increase in water retention, soil regeneration and carbon sequestration)
Funga utilizes the forest fungal microbiome to boost forestry health and combat climate change, enriching microbial diversity. They introduce a diverse range of fungi and microbes into degraded areas, promoting quicker tree growth, increased carbon storage, and the development of robust, biodiverse forests.
IN A
NUTHSHELL
POSITIVE NOTES
Funga is a very innovative and disruptive case in the climate tech space. The company leverages the forest fungal microbiome to improve forestry outcomes and address the climate crisis, while enhancing beneficial microbial biodiversity. Until today, they have sampled +500 healthy native forests to identify full soil microbiomes, which have adapted to different soil and habitat conditions. Then, by inoculating degraded ecosystems with a full-spectrum mix of mycorrhizal fungi and microbes sourced from a healthy ecosystem of the same type, foresters achieve faster tree growth, resulting in more carbon-based biomass (both above-ground and in soil), and resilient, biodiverse forests.
Funga is currently operational in the US with around 11 operational field trials, and ongoing discussions with carbon project developers in Brazil indicate a prospective expansion into new territories in the near future.