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](https://myceen.com/investors). 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](https://strapi.myceen.com/uploads/hero_2_75b785c312.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](https://strapi.myceen.com/uploads/2049_17_Mo_H_95b21ab106.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](https://pakk.artun.ee/en)). 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](https://strapi.myceen.com/uploads/1_C8_A1664_2_41c0fa0076.jpg)
_Myceen panels in High Ground cafe, London. Read more in [this](https://www.thehost.store/blogs/news/myceen-at-high-ground-n1) 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:
- [Mistletoe Japanese Impact Fund](https://mistletoe.co/)
- [Europes’ largest cleantech accelerator EIT Climate KIC](https://www.climate-kic.org/) 
- [Enterprise Estonia (EAS)](https://eas.ee/en/)
- German Ministry of Culture 
- [Estonian Research Council (ETAG)](https://etag.ee/en/) 
- [Beamline Deep Technology Accelerator](https://www.beamline.fund/)  
- [Environmental Investment Center (KIK)](https://kik.ee/et) 
- [Estonian Ministry of Climate](https://kliimaministeerium.ee/en)
- [Horizon EuroClusters](https://www.clustercollaboration.eu/euroclusters) 
- [SoTecIn Horizon](https://sotecinfactory.eu/)
- [Tehnopol](https://www.tehnopol.ee/en/)

## Interested investors can reach out [here](https://myceen.com/investors).



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Myceen's seed round to scale insulation material production

**Discover the Future of Home Design at the Museum of the Home in London**

The Museum of the Home in London’s East End provides a fascinating look into the evolution of domestic life. Dedicated to exploring and reimagining how we live, the museum offers valuable insights into the concept of home.

Myceen is proud to have contributed to the museum’s latest exhibition in the Innovo Room of the Future. In collaboration with Northumbria University’s Interaction Research Studio, we developed custom mycelium-based acoustic and insulation wall panels. These innovative panels, which span an entire wall, are designed to integrate smart devices and future technologies, envisioning the living room of tomorrow.

Planning a visit to London? Don’t miss the opportunity to explore this groundbreaking exhibit.
[Take a closer look](https://www.museumofthehome.org.uk/whats-on/rooms-through-time/a-converted-flat-in-2049/) at a converted flat in 2049, featuring sustainable mycelium insulation. 


We extend our gratitude to the [Estonian Cultural Endowment](https://www.kulka.ee/en) for helping us realise this project.

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Museum of the Home

Tehnopol is the largest science and business park in the Baltics, located in Tallinn, Estonia. It is dedicated to fostering cutting-edge technology entrepreneurship and advancing the sustainability of the Estonian economy by accelerating the growth of technology-driven businesses. Renowned companies like Skype and Starship Technologies are among its notable residents. Myceen is proud to have participated in Tehnopol’s acceleration program.

Additionally, we recently took part in a conference at Tehnopol, organized in collaboration with CleanTech Estonia. This event brought together start-ups and 120 honorary consuls from around the world to explore Estonia’s green technology sector. The conference focused on helping Estonian companies expand into international markets and attract investments.

[Read the Article](https://www.tehnopol.ee/eesti-aukonsulid-kaisid-tehnopolis-tutvumas-rohetehnoloogia-sektoriga/) that covers the event (in Estonian)


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Honorary Consuls' Conference at Tehnopol

## Myceen’s Successful Debut at [NYCxDESIGN](https://nycxdesign.org/) Festival

Upmade in Estonia 
Lafayette Gallery 
188 Lafayette St, SoHo
May 16-22, 2024

NYCxDesign has once again proven its dedication to highlighting eco-friendly practices and innovative materials. This year’s festival was a testament to the growing importance of sustainable design in the industry, with many featured projects demonstrating forward-thinking approaches to environmental responsibility.

Our exhibition, **“Upmade in Estonia,”** was a standout feature, celebrating the innovative and sustainable design practices of Estonian creators. We were proud to unveil the latest variation of our iconic B Wise pendant lamp, which was met with enthusiastic responses from visitors.

For those who missed the event, you can catch up on the highlights and see how our work fits into the larger conversation about sustainability and innovation by reading the [article](https://ninarobertsnyc.substack.com/p/nycs-mercantile-mayhem-sustainable) published in NYC’s Mercantile Mayhem.

To explore more about the exhibition and discover how Estonian designers are advancing circular economy and digital innovation, [click here](https://www.estoniandesignhouse.ee/en/nycxdesign/).



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New York Design Festival

This article concentrates on the regulations that have been established in Europe, especially for the building sector. These regulations give power to already existing and emerging deep tech solutions who aim to make the world more sustainable. In addition, the wider public is expecting a faster employment of sustainable and innovative methods to speed up the remediation process. 

[Read the Article](https://www.kredex.ee/et/uudised/noudlikud-regulatsioonid-annavad-hoogu-suvatehnoloogiate-arengule) (in Estonian)

Kredex Article



Hello Tomorrow is a major event in the deep tech ecosystem bringing together over 3000 leaders, scientists, entrepreneurs, investors, and industry experts to explore the latest advancements in deep technology. 
Myceen was part of the segment “Exploring the future” in 2024, which presented groundbreaking innovations in areas like advanced computing, digital health, robotics, AI, biotech, sustainability, aerospace, and new materials. 

[Read the Article](https://eestielu.goodnews.ee/eesti-iduettevotted-tutvustasid-oma-tooteid-euroopa-suurimal-suvatehnoloogia-messil/) (in Estonian)


Hello Tomorrow Global Summit 

Wevux is an online resource dedicated to documenting and sharing innovative projects and companies focused on sustainable material experimentation. It aims to promote the development and use of new, eco-friendly materials by providing detailed information about various projects and their geographical locations. 
The Materials Design Map is an interactive tool within this database. It allows users to explore and locate projects related to new materials worldwide. The initiative supports the circular economy by encouraging the development of local, sustainable solutions and fostering connections between designers, companies and potential sponsors. 

[Browse sustainable materials here](https://www.materialsdesignmap.com/)

Wevux Material Database

High Ground Cafe in London ordered 26 large panels from Myceen. Not only did they improve the acoustics, but they also elevated the overall design and ambiance of the space, earning daily admiration from their guests.



High Ground Cafe, London

CIBO Today is an online platform dedicated to the world of gastronomy. It covers a wide array of subjects like news, stories and insights about food, restaurants, chefs, and culinary trends. 
Although Myceen’s mushroom material is completely toxin free, we do not recommend you to feast on it other than with your eyes. However, we would love our products to be represented in restaurants all over the world, especially if you need to improve the acoustics in a room. 

[Read the Article](https://www.cibotoday.it/storie/tallinn-myceen-funghi-design-azienda.html)

CIBO Today


The Creative Impact Research Centre Europe (CIRCE) is a European think tank dedicated to enhancing the resilience and innovative capacity of the cultural and creative industries. CIRCE’s mission is to foster a diverse and open cultural and creative economy through Europe-wide, practice-oriented projects and research.
By engaging with policymakers, industry leaders, and creative professionals, CIRCE helps shape a sustainable and vibrant cultural landscape, helping to strengthen the innovative power of the sector. 

[Download Myceen's Final Extensive Report](https://creativeimpact.eu/en/creative-impact-fund/myceen/)


Creative Impact Fund

VisionEst Institute aims to enhance the competitiveness and growth of businesses and individuals through high-quality training and development programs. The institute’s mission is to develop impactful training programs that foster skill development, mindset changes, and behavioural shifts. 
Their magazine “Director” offering the latest insights covered us in an article which you can find here.

[Read the Article](https://visionest.institute/2023/03/14/soovite-seenematerjalist-mooblit-voi-lampi-aga-palun-myceen-teeb-selle-valmis/) (in Estonian)

Director Magazine

Myco-materials can potentially replace  plastics and problematic composites  while valorizing other industries’ leftovers.

Other articles