Mykor raises £4m to scale its low-carbon construction materials technology.
The biotechnology firm secured backing from the South West Investment Fund to expand manufacturing capabilities.
Share allotment filed at Companies House
Mykor is a biotechnology company developing low-carbon construction materials from waste streams.
Mykor has raised £4m in a funding round that brings its total capital raised to £7.5m. The investment was backed by the South West Investment Fund, managed by The FSE Group.
The biotechnology firm produces sustainable building products through proprietary bio fabrication technologies, using agricultural and industrial waste streams to help decarbonise the construction industry.
The company will use the capital to scale up its manufacturing capabilities and deploy its technology across key markets alongside global partners.
Investor perspective
"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."
Anna Staevska
Investment Manager, The FSE Group
Use of funds
- 01Build out infrastructure
- 02Expand into international markets
Investors
Categories
About the company
Mykor
Mykor creates low-carbon construction materials using agricultural and industrial waste.