RHIZOCORE TECHNOLOGIES
INVESTING IN THE WOOD-WIDE WEB Rhizocore Technologies, an Edinburgh-based company that produces unique fungal pellets to ensure trees survive and thrive, has ambitious plans to scale its operations over the next two and half years, after winning £3.5 million pounds in new funding. Founded in 2021 by CEO Toby Parkes and Chief Mycologist David Satori, the company has developed the first-of-its-kind pellet, which facilitates a vital underground nutrient exchange known as the Wood-Wide Web. Their unique approach to restoring underground fungal networks offers a new and sustainable solution to accelerating woodland regeneration, improving forest productivity, and increasing the potential for carbon capture. The Edinburgh-based company’s latest funding has come from ReGen Ventures, Collaborative Fund, and Grok Ventures. The investment will allow Rhizocore to build 14 | SUSTAINABLE BUSINESS MAGAZINE
upon its 10-person team and develop the infrastructure needed to achieve its goals. “To receive such global backing really is a validation of our product’s potential to restore ecosystems around the world - but it’s also a recognition of the transformative power that fungi hold, as the crucial foundation of the planet’s ecosystems,” said Toby Parkes. “This is a radical approach to tackle climate change that we’re developing at Rhizocore, and with the support from our investors, we will be able to sequester gigatons of carbon to protect the future of the Earth for generations to come.”
