Tempty Foods lands seed funding to expand mycelium products across the Nordics

A Danish mycelium food company has secured fresh capital to accelerate its expansion across the Nordics, scale retail distribution, and advance a new generation of fungi-based products.

Tempty Foods has raised 5.2 million DKK (US$750,000) in a seed funding round backed by a combination of existing investors, new angel networks, and public financing through an EIFO MatchLoan. The round also saw full participation from the company’s pre-seed investors.

Tempty Foods raised 5.2 million DKK (US$750,000) in a seed round backed by EIFO, existing investors, and new angel networks including DanBAN and Angella Invest.

The company has expanded into Sweden and planned rollout to more than 100 locations as part of its Nordic growth strategy.

Funding will support retail expansion, product innovation, and a new organic and allergen-free mycelium-based product line.

New investors joined through networks including Danish Business Angels (DanBAN) and Angella Invest, adding to a group of backers that Tempty Foods said continued to support its growth trajectory.

Co-founder and CEO Martina Lokajova described the raise as a significant milestone for the company. "I'm beyond excited to share that we have raised 5.2M DKK in our seed round! What a great milestone and a win for our team at Tempty Foods!" she said.

The company has focused on developing food products derived from mycelium, the root structure of fungi, positioning them as a distinct category rather than direct replacements for conventional meat.

Tempty Foods said its approach centers on creating products that stand on their own in terms of taste and functionality, using mycelium to deliver natural performance without relying on traditional animal or plant protein formats.

The funding will support a series of commercial and operational priorities, with retail expansion at the forefront. Following its entry into Coop Denmark at the start of 2026, the company has reported growing demand and is now working to increase its availability nationwide.

At the same time, Tempty Foods has moved into international markets, launching in Sweden and planning to expand into more than 100 locations in April as part of a broader Nordic growth strategy.

Lokajova said the company would continue to build momentum following the raise.

"We aren’t slowing down. This funding is going to fuel going international, scaling retail, and launching our next-generation mycelium-based product line," she said.

Product development remains another key focus. The company is working on a new organic and allergen-free product line, supported in part by a 1 million DKK (US$145,000) grant from Denmark’s Plantefonden.

Alongside institutional and angel investment, Tempty Foods has also launched a crowdfunding initiative on Republic, opening participation to a wider group of investors. The campaign allows individuals to invest on the same terms as professional backers, with entry starting from €20 (US$22).

The company said the combination of funding sources would support both scale-up and continued innovation as it expands into new markets.

Lokajova highlighted the role of the broader ecosystem supporting the company’s progress.

"A huge thank you to our team, investors, and partners for believing in the power of svamperødder aka mushroom roots. It takes many to make a change!" she said.

With retail expansion underway, new products in development, and additional markets opening, Tempty Foods is moving into its next phase of growth with a focus on scaling both production and distribution across the region.

(Main picture shows Martina Lokajova, Ana Pejic and Cecilie Engvang Lund)