We are raising a Seed round to set up a pilot factory and scale our mycelium technology.
We are developing carbon-storing insulation materials with fully automated mycelium production technologies.
We have been very successful this year by receiving €2M grants for our next development and scaling activities between 2024-2026. We have got our own IP, the smartest people on the block and we’re expanding to a larger production facility to start delivering our material for house producers.
Our initial products are already on the market that we shipped to over 15 countries last year. Mastering the production process of mycelium material has allowed us to produce complex products. For our next phase, we will provide sustainable insulation materials for the carbon-neutral building sector.
To provide the own funding rate for the grants and final push, we are open for investors with €1 - 1.5M investment.
Interested?
Drop us a note here and we’ll send you the investor deck and grant access to data room.
Milestones
Pilot factory
By the end of this phase, we are producing novel building materials and ready to scale up.
Fully automated production line
We are developing a unique mycelium production technology that is missing on the market for mass-market adoption.
To the market!
We will deliver projects with house producers & architects that are already lined up. Mycelium-insulated houses will pop up in this phase.
Market
We are developing this technology based on the market needs in the upcoming years. The EU building sector is under radical change due to heavy regulations towards greener and more efficient housing. Here are just a few examples of key market drivers:
- 50% of raw materials and 40% of energy used & 37% of CO2 emissions by construction industry;
- 75% of EU buildings are inefficient, target is to renovate 35 mln houses by 2030 for carbon neutrality of buildings.
- The volume of insulation materials is currently 250 million m3 per year, and the renovation % must double to reach the goal.
- The market for environmentally friendly building materials is growing 3X faster than traditional ones.
- Carbon footprint of buildings per m2
- In several countries, the regulations focus on restricting the renting and selling of housing if they have not been renovated;
- And many other regulations that support our case.
Nature's technology
As the epitome of efficiency, great unit economics and sustainability, mycelium material is a perfect example of a circular economy combining industries' leftovers with mushroom mycelium. The main input costs are very low as we use leftovers and a small amount of energy since the material grows at room temperature. We are focusing on building materials such as insulation and acoustics. This all makes sense not only because of the material’s low carbon footprint but also its high-performing properties.
Turning €3/m³ leftovers into €100/m³ high-performance products proves this approach is both scalable and profitable.
Material properties
Thermal conductivity λ = 0.037 (W/mK)
Same or better than mineral wool
Fire class D
To obtain legal approval, insulation materials must be categorized into European class E or higher DIN EN 13501- 1
Sound absorbing
75 % on higher frequencies
Produced without toxic additives
No harmful chemicals used in the production process
Environmentally friendly
Compostable and safe afterlife
Competitive price
Price-wise, we're competing with traditional polluting materials
Our investors and financial supporters
- Mistletoe - Japanese impact fund
- EIT Climate KIC Accelerator, EU largest cleantech accelerator
- Optimist
- Enterprise Estonia
- Estonian Research Council
- Horizon Europe
- German Ministry of Culture
- Beamline Deeptech Accelerator and Estonian Environmental Investment Center
Our development partners
- Tallinn Technical University
- Northumbria University in London
- Estonian Woodhouse Association
- Tartu University
- Estonian Academy of Arts
- Timber Architecture Research Center
- VIVITA: Creativity Accelerator for Kids & Youth
- AIRE: AI & Robotics Research Center
Our current products
How it's made
First we cultivate mycelium
Mycelium, the natural binder, is the key ingredient for growing our high-performing materials.
We add leftovers
Organic industrial leftovers are valorised in the process.
We create an enviroment for the mycelium to flourish
Growing: a completely new way of production. Mycelium binds the leftovers into solid, high-performing, carbon-neutral material.
We take care of the product
We nurture your product, meticulously tending to it throughout its growth stages to ensure optimal conditions for its best development.
We halt growth using our specialised drying technique to ensure our products are safe for both humans and buildings.
We ensure high quality in our products through meticulous attention to detail.
