by Matteo Cavallito<\/p>\n
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Revitalizing the presence of fungi<\/strong> in the forest microbiome to accelerate tree growth and carbon sequestration. That’s the goal of Funga<\/a>, an environmental services company based in Austin, Texas, which is leading an arguably unprecedented initiative: the launch of new CO2 removal projects<\/strong> using soil microorganisms. The deal, worth about $4 million, involves a set of funders that includes Azolla Ventures, Trailhead Capital, Better Ventures and Shared Future Fund.<\/p>\n “Funga, founded by Dr. Colin Averill<\/strong>, Ecologist and Climate Scientist, combines modern DNA sequencing and machine learning technology with breakthrough research on the forest microbiome,” according to a statement<\/a> released by the U.S.-based company. “This approach allows Funga to put the right native, biodiverse communities of mycorrhizal fungi in the right place.”<\/p>\n