Plant-Based Meat Impossible Foods Raises $500 Million, $2 Billion Raised Since 2011
26th November 2021 | Hong Kong
Plant-based meat Impossible Foods has raised $500 million led by existing investors including Mirae Asset Global Investments. Existing investors in Impossible Foods include Mirae Asset Global Investments, Khosla Ventures, Bill Gates, Google Ventures, Horizons Ventures, UBS, Viking Global Investors, Temasek, Sailing Capital, Coatue, and Open Philanthropy Project. Since founding in 2011, Impossible Foods has raised close to $2 billion – with the R&D startup becoming pioneers of a new food category – meat made from plants that competes head-to-head with meat made from animals, with a dramatic reduction in greenhouse gas emissions.
“ Plant-Based Meat Impossible Foods Raises $500 Million, $2 Billion Raised Since 2011 “
Impossible Foods
Impossible Foods is now the fastest-growing plant-based meat company in retail, outpacing the next 10 leading plant-based meat companies combined, and will enable its continued growth in retail and across its supply chain, product portfolio, technology platforms, and international expansion plans — all of which are critical to its mission of addressing the urgent threat of climate change caused by animal agriculture. Over the last 4 months, Impossible Foods have launched plant-based sausage, chicken nuggets, pork and meatballs. Impossible products is in about 22,000 grocery stores, up from only 150 stores in March of 2020, as well as in close to 40,000 restaurants globally.
About Impossible Foods
California-based Impossible Foods makes delicious, nutritious meat and dairy products from plants — with a much smaller environmental footprint than meat from animals. The privately held food tech startup was founded in 2011 by Patrick O. Brown, M.D., Ph.D., professor emeritus of biochemistry at Stanford University and a former Howard Hughes Medical Institute investigator. Investors include Mirae Asset Global Investments, Khosla Ventures, Bill Gates, Google Ventures, Horizons Ventures, UBS, Viking Global Investors, Temasek, Sailing Capital, Coatue, and Open Philanthropy Project.
Thomas Park, President of Mirae Asset Global Investments (US):
“Mirae Asset is excited to double down on the team at Impossible Foods as they continue transforming the global food system,” says. It is important to us to partner with true innovators like Impossible Foods’ CEO Pat Brown and support the entire Impossible Foods team as they work to solve one of the most critical challenges facing our planet — climate change.”
Impossible Foods’ Chief Financial Officer David Borecky:
“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.”
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