SoTecIn Factory Startup Day

19–20 May 2025 | Porto, Portugal

InvestmentUpdated on 14 May 2025

Myceen Seed round

Karl Pärtel

Co-Founder at Myceen

Tallinn, Estonia

About

Myceen’s mission – developing carbon-negative mycelium-composite building materials to transform the construction industry.

www.myceen.com/investors

We’re currently raising our €1 million seed round, led by Kiilto Ventures. The round is further leveraged by over €1 million in grants, and we are in the process of applying for an additional €2.5 million in funding.

Why Myceen?
20% lower carbon footprint per building – our material helps to meet the sustainability goals**.**

Radically cost-effective production – €3/m³ raw materials + near-room temp growth = ultra-low input costs.

Massive market demand – EU insulation market is €21B and growing fast, as 75% of buildings must be renovated by 2030.

Interest from industry leaders – House producers are already waiting for our insulation materials.

Industry-changing production tech – We are leading the development of fully automated mycelium material production. (Patent handed in on automated production tech & AI) 

Our main goal is to scale production, finalise our novel manufacturing technology, and initiate collaborations with house producers who are already eager to integrate our insulation materials.

Stage

  • Seed and Development
  • Startup
  • Growth and Establishment
  • Expansion

Applies to

  • Biotech, Pharma and Cosmetics
  • Energy
  • Environment
  • Industrial Equipment and Machinery
  • Materials, Textiles and Chemicals

Organisation

Myceen

Start-up

Tallinn, Estonia

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