The funding round includes investment from the South West Investment Fund, managed by The FSE Group.
"Circular 11 is addressing a clear challenge in the construction and materials market. The team has developed a compelling approach to turning difficult-to-recycle plastic into useful, long-life products, and this investment will help the business scale its operations and build on early commercial traction."
The biotechnology firm secured backing from the South West Investment Fund to expand manufacturing capabilities.
"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."
The funding follows co-development agreements with major food and packaging producers.
"Food safety shouldn’t be a guessing game. We’ve built a sensor that does the sniff test for you — turning an invisible chemical signal into something anyone in the supply chain can read at a glance. When you can read the quality of every pack, you can build intelligence about the whole supply chain that has never existed before. With HERmesa’s backing, we can move faster from co-development to commercial rollout and get our technology into the hands of the manufacturers and retailers who need it most."