Mykor Secures £4 Million to Scale Low-Carbon Construction Systems Grown From Industrial Waste

Mykor 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.

The built environment accounts for approximately 39% of global emissions, with around 11% from embodied carbon in materials and a further 28% from operational energy use. Insulation plays a critical role in reducing operational carbon, yet conventional insulation materials are non-renewable, high-carbon and often combustible. As whole-life carbon assessments become standard, developers and contractors are under increasing pressure to reduce both embodied and operational emissions from buildings simultaneously.

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.

Olivia Page, CEO and Co-founder of Mykor, said, “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.”

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