The investment 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 the company’s total funding secured to £7.5 million.
Mykor, which focuses on producing low-carbon construction systems from waste-derived feedstocks, said the funding will support the expansion of production capacity and help establish a replicable manufacturing model across key markets.
Olivia Page, Chief Executive 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.”
Construction products created from waste
The company uses industrial and agricultural waste streams as raw materials in a proprietary biofabrication process that combines engineered mycelium strains, green chemistry additives and closed-loop automated manufacturing systems.
Rather than relying on finite virgin raw materials, Mykor said its technology can grow construction products within days using waste inputs.
Its portfolio includes prefabricated walls and cavity wall insulation products designed to meet mainstream construction fire, acoustic and performance standards.
The business has focused on addressing the challenge of manufacturing low-carbon building materials at industrial scale while remaining commercially viable.
Mykor added that it is already delivering live construction projects and has secured two large offtake agreements worth £338 million with UK and European contractors.
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.”
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