MYCEEN

Myceen's seed round to scale insulation material production

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Myceen team in VIUU showroom

Myceen has attracted widespread support from institutions around the world, securing over €2 million in grants this year alone. Additionally, the company is advancing a seed investment round of €1-1.5 million. Investors can reach out here. This combined funding will bring the novel building materials to the market as the company moves to a larger production space.

Shift to Climate-Neutral Architecture

As Europe is moving closer to achieve its climate goals all industries need to bring down their emissions 55% by 2030 and achieve carbon neutrality by 2050. With mycelium materials we don't need to wait decades—the solution is already in our hands.

Around 75% of EU buildings are inefficient. The target is to renovate 35 mln houses by 2030 for carbon neutrality of buildings. In cities like Paris and London, properties must meet specific energy standards to be rented or sold, a trend that’s becoming more common as we approach the Climate Goals deadline. This shift creates a significant market opportunity for renovation, particularly for sustainable insulation materials.

Mycelium-based insulation materials combine efficiency, cost-effectiveness, and sustainability. They perfectly demonstrate the circular economy by converting industrial byproducts into high-performing, eco-friendly materials.

hero_2.webp Mycelium-based building materials can have a wide range of applications.

Fast Growth and Global Interest

Myceen started from the design sector while keeping its research focus on building materials where the mass scale application and impact lies. Last year, the company shipped its products to over 15 countries from the US to Singapore receiving high recognition for its products and unmatched quality.

Petko Tashev Co-Founder & Managing Director The Home of Sustainable Things, London

“While Mycelium isn't a novel material to us, Myceen's design range is something to behold. Over the years, we have seen many designers attempting to tame this incredible, regenerative material and failing to do so. However, Myceen's consistency, quality, and style not only set this range apart but have also elevated mycelium design to levels previously unimagined.”

2049_17_MoH.jpg Museum of the Home exhibition in London where Myceen insulation panels are covering the future living room wall. Photo: Museum of the Home

Pilot Factory and Mycelium Insulation Testhouse

In the next stage, Myceen will move into a pilot factory where it will develop and launch industrial production technology. This expansion will enable the company to broaden its product range and advance the commercialization of mycelium-based building materials - the company has several house producers and resellers waiting for the material.

In an upcoming project Myceen’s insulation materials are tested in a pilot house in collaboration with Timber Architecture Research Center (PAKK). The test house will be ready in autumn 2024 and mycelium insulation performance will be measured and compared with conventional materials. This will give necessary feedback to move forward with house producers who are already waiting in line.

1C8A1664 2.jpg Myceen panels in High Ground cafe, London. Read more in this case study.

Eve Peeterson Head of Startup Estonia

“Over the past years, I've seen Myceen experience rapid growth. I believe there's immense potential in the novel mycelium-based materials and innovative products they're developing. I'm excited to see what Myceen accomplishes next as they continue to conquer new markets.”

Myceen’s current financial backers include:

Interested investors can reach out here.

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