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Tempty Foods

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Delicious foods of the future powered by mycelium. No meat imitation, just great taste and full of umami.

117%
 - 
Funded 10 Jun 2026
€355,036 target
€415,439 from 155 investors
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Business overview

Location Copenhagen, Denmark
Social media
Website www.tempty-foods.com/
Sectors Food & Beverage Non-Digital Mixed B2B/B2C
Company number 42594962
Incorporation date 11 Aug 2021
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Investment summary

Type Equity
Valuation (pre-money) €3.2M
Equity offered 11.57%
UK tax relief N/A
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Business highlights

  • Asset-light scaling with global industry players
  • Live in 7-Eleven DK & expanding across Nordics
  • 100% YoY revenue growth since 2023 launch*.
  • Award-winning food tech team.
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Key features

  • No Secondary Market
  • Nominee investment min. €65.30 +

Pitch

About the Campaign

We are on a journey to help our food system that desperately needs innovation.

Don't just eat the future, own a piece of it! The story of "perfect meat imitations" is over. Tempty Foods is building a new category of foods using clean-label mycelium! With 100% annual revenue growth since 2023 and partners like 7-Eleven and Coop, weʼve served 250k+ meals. Now, you can help our team scale our asset-light model across the Nordics and beyond.

Market Opportunity

The data is clear. Over 50% of Europeans want to eat less meat (often due to health) yet meat imitations are often perceive too processed.

We are creating a new category of tasty products which people love. TEMPTY offers the natural juicy and umami taste and nutrition we crave.

Mycelium - “the roots of mushrooms” - is a super-ingredient that grows very efficiently and gives our products great benefits!

We are targeting a €2.2 billion EU plant-based meat market with a proven, asset-light strategy that allows us to scale without heavy factory costs.

With our business model built for scale and strong partners across our value chain including ingredient suppliers and CMOs, we are on the way to be one of the key players in the rapidly growing alternative protein market!

Traction & Key Accomplishments

Traction is proven: 100% annual revenue growth with over 250,000 meals served to date. Tempty is live in 7-Eleven across Denmark and Sweden, Coop, and trusted by leading professional canteens and restaurants.

With €1.4M raised in funding from EIFO and strategic angels, the momentum is clear. Our asset-light model, supported by global industry leaders, allows us to scale rapidly with low capital risk. Join our award-winning team as we redefine the future of food.

Use of Funds

This round fuels three strategic pillars: winning the domestic market, expanding abroad, and launching a new product line.

To execute this, we are adding to the team two brilliant minds to optimize our supply chain and an additional specialist for product development. These key hires, alongside a €130,000 grant, will accelerate our shift toward organic and allergen-free innovation while ensuring a robust, scalable infrastructure for our Nordic expansion.

Investors Perks

Please note that any discounts, rewards and/or offers listed by a company in its campaign are subject to the terms and conditions applied by that company. It is the company’s responsibility to honour such discounts, rewards and/or offers and Republic Europe does not take any responsibility for them.

Key Information

Key information investment sheet

Key Investment Information Sheet is available by downloading the following documents:

Material debt

The Company has the following outstanding loans:

1. DKK 2,091,000 loan from Danmarks Eksport- og Investeringsfond (EIFO): The interest rate is CIBOR 3 months plus a 5% p.a. supplement. The loan features an initial 3-year repayment holiday with interest roll-up (interest is accrued and added to the principal). Following this period, the loan is repaid quarterly, with a final settlement payment due on July 1, 2032.

2. Contingent Exit Fee (EIFO): In connection with the EIFO loan, the Company is obligated to pay an exit fee of 5% of the Value Added (capped at the original principal of DKK 2,091,000) upon the occurrence of an Exit Transaction. This obligation remains in effect until the loan is fully repaid.

The funds raised in this round will not be used to repay these loans.

Outstanding convertible loans

The company has the following outstanding convertible loans, which may convert to equity after this round and dilute existing shareholders:

1. DKK 1,000,000 total loan value (comprising two separate DKK 500,000 loans) from GreenUP I 2021 ApS and GreenUP II 2021 ApS, with the following key terms:

- Interest rate: 5% per annum (50% is paid annually on December 31st, and the remaining 50% accrues until repayment or conversion).

- Conversion trigger: A "Qualified Investment" (a cash capital increase of at least DKK 5,000,000), a Trade Sale, or Dissolution.

- Conversion price: 25% discount that applies to the Qualified Investment.

- Valuation Cap: N/A

- Share class: Common shares or a new share class, if established in connection with the conversion.

- Repayment date: 48 months after disbursement (Maturity Date), with an option for the Borrower to extend the Maturity Date by 12 months against a premium of 10% of the Principal Amount.

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If you successfully purchase a share lot of this business, you will be granted access.

Buy shares

Only shareholders can access this page

If you successfully purchase a share lot of this business, you will be granted access.

Buy shares

Only shareholders can access this page

If you successfully purchase a share lot of this business, you will be granted access.

Buy shares

Investing involves risks, including loss of capital, illiquidity, lack of dividends and dilution, and should be done only as part of a diversified portfolio. Please read the Risk Warnings before investing. Investments should only be made by investors who understand these risks. Tax treatment depends on individual circumstances and is subject to change in future.

This campaign for Tempty Foods has been approved by Seedrs Limited (trading as Republic Europe) ("Republic Europe", "us" or "we"), as of 27 April 2026 as a financial promotion. Republic Europe is authorised and regulated by the Financial Conduct Authority with firm reference number 550317. In approving this campaign, Republic Europe has concluded that the information, taken as a whole, is "fair, clear and not misleading." This means that for factual statements we have reviewed evidence of their accuracy, and that for aspirational statements we believe they are phrased appropriately in light of their speculative nature. You should note that in the case of factual statements, the evidence we review is provided by the business, and we do not audit it, which means that we may not be able to identify forged or altered evidence. You should further note that in the case of aspirational statements, the nature of the type of businesses presented on the Republic Europe platform is such that they are likely to have high ambitions, and we may approve statements that convey those ambitions even where we do not believe, or we do not have a view on whether it is likely, that they will be fully realised. The pre-money valuation and investment sought in the campaign are those set by the business: they are not reviewed or established by us, and the valuation is not an independent view of what the business is worth. Given the nature and type of businesses presented on the Republic Europe platform, it is possible that the business has very little cash remaining prior to receiving this investment, and the investment sought may be necessary for the business's on-going existence.

Republic Europe does not make investment recommendations to you. No communications from Republic Europe, through this website or any other medium, should be construed as an investment recommendation. Further, nothing on this website shall be considered an offer to sell, or a solicitation of an offer to buy, any security to any person in any jurisdiction to whom or in which such offer, solicitation or sale is unlawful. Republic Europe does not provide legal, financial or tax advice of any kind. If you have any questions with respect to legal, financial or tax matters relevant to your interactions with Republic Europe, you should consult a professional adviser.

Tax Relief (SEIS)

This business is eligible for SEIS relief - providing qualifying investors with income tax relief of 50% of their investment and certain other tax reliefs. Tax treatment depends on individual circumstances and is subject to change in future. Click to learn more.

Tax Relief (EIS)

This business is eligible for EIS relief - providing qualifying investors with income tax relief of 30% of their investment and certain other tax reliefs. Tax treatment depends on individual circumstances and is subject to change in future. Click to learn more.

Valuation (pre-money)

Valuation rounded from €3,175,408

This is the fully-diluted pre-money valuation of the business (i.e. before the new investment comes in and including issued options and other equity interests). In contrast, the post-money valuation is based on inclusion of the new investment in the value.

It is calculated as the pre-money valuation plus the amount of new investment. e.g. If Company A is ascribed a pre-money valuation of £1,200,000 by prospective investors investing £300,000, its post-money valuation is £1,500,000.

The investee business is responsible for setting its own valuation, it has not been prescribed by Republic Europe.

Pitch type

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Equity Offered

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When the amount raised is less than 100%, the equity offered is based on the target raise. Once the company has raised over 100% it is based on the total raised.

In some scenarios, entrepreneurs may accept additional direct investment after closing their Republic Europe campaign. Provided this is within 6 months of the closing and on the same terms, we do not typically offer pre-emption rights on that extra investment (where you have the opportunity to invest again to maintain your percentage shareholding).

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Nominee investment

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Custodian

If you invest in this Campaign, Republic Europe will act as Custodian rather than provide our standard nominee service. This is due to the fact that the business is not directly involved in the share sale and Republic Europe will not benefit from any rights under a shareholder agreement. As a result, Republic Europe will handle administrative tasks as we do normally, but you will not have information or voting rights, updates from the business, preemption on future fundraising, or ongoing support about business trading activity.

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Secondary market

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Direct investment

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Payment options

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Business Involvement

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Payment options

We are not able to accept Pay by Bank payments for investments into this sector. You can pay for your investment with a card payment, by creating a bank transfer or by using funds in your investment account. Your investment will only be completed once the funds have reached our account.

Drawdowns

This campaign offers the ability to pay for an investment by drawdowns.

Security Token

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