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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.

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.

Organisation

Myceen

Start-up company

Tallinn, Estonia

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