Gunderson Dettmer Client Funga Secures Carbon Credit Deal With Netflix

Gunderson Dettmer represented client Funga, a public benefit corporation, in its recently signed deal with Netflix, which commits the streaming service to purchasing carbon credits generated through Funga’s innovative fungal restoration technology for the next 11 years.

This Netflix deal represents a catalytic investment in the startup and Funga founder and CEO Colin Averill, PhD described the transaction as “a vote of confidence in a new class of nature-based climate solutions.”

The Gunderson deal team was led by Ben Cukerbaum and included Wes Watts and Jay DelMonico.

Companies
Funga
Netflix