A Bristol-based biotechnology company has secured £4m in funding to accelerate the scale-up of its industrial biofabrication technologies.
The round for Mykor was led by Clean Growth Fund, with participation from the British Business Bank’s South 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 £7.5m, including £5.5m in equity investment and £2m in grant funding.
Mykor is transforming industrial and agricultural waste into scalable low-carbon construction products.
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, said: “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 “
Anna Staevska, investment manager at The FSE Group, added: “We’re delighted to provide this investment from the South West Investment Fund to support genuinely breakthrough materials science in the delivery of meaningful carbon reductions. With strong commercial interest already in place and a clear plan to scale production, Mykor is well-positioned to play a significant role in decarbonising the built environment while building a high-growth, internationally relevant business.”
Surakat Kudehinbu, senior investment executive at Green Angel Ventures, said: “We have been consistently impressed by Olivia, Valentina, and the entire Mykor team’s progress and their dedication to transforming how we build. Their innovative approach to bio-based insulation is exactly the kind of disruptive technology needed to decarbonise the built environment. Green Angel Ventures is delighted to provide this follow-on funding to help Mykor scale its production and meet the growing demand from the construction industry.”