InvestmentUpdated on 12 March 2026
Myceen Seed round
Co-Founder at Myceen
Tallinn, Estonia
About
Myceen’s mission – developing carbon-negative mycelium-composite building materials to transform the construction industry.
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.
Organisation
Similar opportunities
Product
Mycelium biobased insulation materials and design products
Karl Pärtel
Co-Founder at Myceen
Tallinn, Estonia
Product
Sustainable mycelium materials for optimized acoustics and insulation
Helge Schritt
CEO at MycoLutions GmbH
Hamburg, Germany