Mykor secures £4 million to scale low-carbon construction systems grown from industrial waste

Pictured: Valentina Dipietro, COO (left) & Olivia Page, CEO (right)I

Mykor, a biotechnology company transforming industrial and agricultural waste into scalable low-carbon construction products, has secured £4 million in funding to accelerate the scale-up of its industrial biofabrication technologies.

The round was led by Clean Growth Fund, with participation from the British Business Bank’s South West Investment Fund via The FSE Group, Green Angel Ventures, and support from Innovate UK’s investor partnership programme. The latest raise brings total funding secured by the company to £7.5 million.

Mykor has focused on how to manufacture low-carbon construction materials cost-effectively, at commercial scale, while meeting the fire, acoustic and performance standards required by mainstream construction. Rather than extracting finite raw materials that can take centuries or millennia to form, Mykor’s biofabrication process grows construction products from agricultural and industrial waste streams within days.

The company’s proprietary technologies combine engineered mycelium strains, green chemistry additives and closed-loop automated manufacturing processes to produce an expanding portfolio of construction products; from prefabricated walls to cavity wall insulation. Rather than operating as a single-product manufacturer, Mykor works as a technology and process platform, enabling contractors and manufacturers to integrate low-carbon biomaterials directly into existing production lines and construction systems. This model allows the company to scale through existing industrial infrastructure rather than relying solely on centralised manufacturing.

Mykor’s first product to market, MykoSIP, a preassembled partition wall, achieves an estimated carbon saving of ~23kgCO₂e per m² compared to incumbent systems, equating to at least 50% carbon savings and higher when accounting for biogenic carbon storage, while maintaining comparable thermal and acoustic performance. The system is designed to reduce embodied and operational carbon without compromising on fire safety, cost, buildability or product performance. Additionally, the panels use 90% less water and 40% less electricity than their polystyrene counterparts. Mould-free and breathable, they also don’t emit toxins as they degrade like synthetic insulation products.

The company is already delivering live construction projects and has secured significant commercial traction, including two large offtake agreements worth £338 million with UK and European contractors. The funding will support the scale-up of production, establishing a replicable model for deploying manufacturing capacity across key markets.

As building standards tighten, materials are becoming a critical constraint. The UK Government’s Future Homes Standard requies all new homes to be highly energy efficient from 2027, while the ongoing implementation of the EU’s Energy Performance of Buildings Directive mandates zero-emission new buildings and large-scale retrofit. Mykor’s technologies allow developers to meet these requirements while maintaining performance, cost-effectiveness, and buildability.

Olivia Page, CEO and Co-founder of Mykor, said: “We’ve built Mykor around the idea that decarbonising construction cannot come at the expense of cost, performance or practicality. The challenge has never just been inventing a biomaterial — it’s been manufacturing these systems at industrial scale and integrating them into real construction supply chains. This funding allows us to scale that model further alongside major contractors and manufacturing partners globally. We’re very pleased to be working with investors who understand both the urgency of the problem and the scale of the opportunity ahead.”

Susannah McClintock, Investment Partner at Clean Growth Fund, added: "Mykor addresses one of construction's most pressing challenges: reducing embodied carbon without adding cost or complexity. Their solution integrates seamlessly into existing building practices and is cost-competitive with conventional materials — delivering meaningful carbon savings without adding cost. We 're delighted to support this exceptional team as they scale commercially.“

www.mykor.co.uk