Californian plant-based meat company Impossible Foods has raised approximately $500 million in its recent funding round, led by existing investor Mirae Asset Global Investments.
The round also included previous investors such as Khosla Ventures, Bill Gates, Google Ventures, Horizons Ventures, UBS, Viking Global Investors, Temasek, Sailing Capital, Coatue and Open Philanthropy Project.
The company has now raised close to $2 billion since its inception, which includes a $200 million round in August last year, led by Coatue.
The Impossible Food brand portfolio consists of animal-free meat alternatives, including burgers, ground sausages, chicken nuggets, pork and meatballs.
David Borecky, Impossible Foods’ chief financial officer, said: “We’re fortunate to have great investors who believe in our long-term mission. The latest round of funding allows us to further accelerate our product innovation and global expansion efforts as we continue to leverage the power of the food system to satisfy consumers and fight climate change.”
Impossible Foods plans to use the investment to support its continued growth in retail and across its supply chain, product portfolio, technology platforms and international expansion plans.
You may also like to read:
© FoodBev Media Ltd 2024
World Beverage Innovation Awards – NOW OPEN FOR ENTRIES!
The awards celebrate excellence and innovation across the global beverage industry. Don’t miss out on having your innovations recognised on a global scale.
Deadline for entries 23 July – enter now!
Don’t get left behind
Start your free Foodbev magazine trial today and join thousands of fellow industry professionals in receiving food and drink trends direct to our business.
Click here to start your free trial
Your privacy We use small files known as ‘cookies’ to enhance your experience of the FoodBev website and analyse site-traffic. Read about how we use cookies or how you may control them in our updated privacy policy and cookie policy. If you continue to use this site, you consent to our use of cookies. Click the ‘OKAY‘ button at the top right of this panel to accept or click here for more information.