Mykor lands £4M to scale waste-based construction materials

Mykor, a UK biotechnology company
developing low-carbon construction materials from industrial and agricultural
waste, 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 construction sector remains a major
contributor to global emissions, with growing pressure on developers and
contractors to reduce both embodied and operational carbon in buildings. At the
same time, many traditional insulation and construction materials remain
carbon-intensive, non-renewable, and difficult to recycle.

Founded in 2021, Mykor develops
construction systems using engineered mycelium, green chemistry, and industrial
manufacturing processes to create low-carbon alternatives to conventional
building materials. The company focuses on converting agricultural and
industrial waste streams into scalable construction products designed to meet
mainstream fire safety, acoustic, and performance requirements.

Rather than operating solely as a materials
manufacturer, Mykor positions itself as a technology and process platform,
enabling contractors and manufacturers to integrate biomaterials into existing
production lines and construction systems.

Its first commercial product, MykoSIP, is a
prefabricated partition wall system designed to reduce embodied carbon while
maintaining comparable thermal and acoustic performance to conventional
alternatives. According to the company, the panels also use significantly less
water and electricity during production compared to polystyrene-based systems.

According to Olivia Page, the company was
built around the idea that lower-carbon construction materials must remain
commercially viable and practical for large-scale adoption.

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 an industrial scale and integrating them into
real construction supply chains.

The funding comes as tightening building
regulations across the UK and Europe increase demand for lower-carbon
construction materials and more energy-efficient building systems.

Mykor is already working on active construction
projects and has signed large offtake agreements with contractors across the UK
and Europe, while the new funding will support production scale-up and
expansion into additional markets.