Mykor Raises 4.6Million Euros for Low-Carbon Construction Materials

UK-based women-led BioTech startup Mykor has raised €4.6 million (£4 million) in funding to accelerate the scale-up of its low-carbon construction materials developed from industrial and agricultural waste. The Bristol-based female-founded company is focused on transforming sustainable biofabrication technologies into commercially scalable construction systems.

The investment round was led by Clean Growth Fund , in participation with British Business Bank’s South West Investment Fund via The FSE Group, Green Angel Ventures and Innovate UK’s investor partnership program. Mykor's total funding is now €8.6 million (€7.5 million in equity and €2.3 million (£2 million) in grant funding).

Mykor was established in 2021 by Olivia Page and Valentina Dipietro to create low carbon building materials based on the principles of engineered mycelium, green chemistry, and industrial automation. The company's goal is to reduce emissions generated by the built environment, representing almost 39% of global carbon emissions.

Olivia said, “We’ve built Mykor around the idea that decarbonising construction cannot come at the expense of cost, performance or practicality. 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.”

She further added, “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.”

Key Highlights

• Mykor transforms industrial waste into scalable low-carbon construction biomaterials
• Biofabrication process grows sustainable building products within only a few days
• Company secures £338 million off take agreements with European construction partners

Mykor’s first commercial product, MykoSIP, is a prefabricated partition wall system designed to reduce embodied and operational carbon emissions. According to the company, the system delivers roughly 50% carbon savings versus more conventional alternatives while using about 90% less water and 40% less electricity compared to polystyrene-based systems.

The startup says it is already delivering live construction projects, and it plans to use the funding to scale up production capacity and replicate its manufacturing method across several key global markets.