Danish mycelium food company Tempty Foods has successfully reached 100% of its crowdfunding target on Republic Europe, raising €356,538 from 107 investors, surpassing its initial goal of €355,036 with 26 days left in the campaign. The company has decided to raise the funding ceiling to allow for further participation, offering 10.09% of the company at a share price of €65.30 based on a pre-money valuation of €3.2 million.

Tempty Foods, founded in 2021 as a spin-out from the Technical University of Denmark, has experienced significant growth, serving over 250,000 meals through retail and foodservice channels like 7-Eleven Denmark and Coop. With 100% year-on-year revenue growth since its commercial launch in 2023, the company aims to expand across the Nordics. Tempty positions mycelium as the foundation for a distinct clean-label food category, operating in a sector that is gaining traction across Europe.

The Republic Europe campaign for Tempty Foods, which is open to investors, is part of the company's goal to expand internationally and continue its growth trajectory. The final total raised in the campaign is yet to be confirmed, with the round remaining open for participation.