Impossible Foods raises $200 million Series G round, bringing total funding to $1.5 billion

August 17, 2020
Emerging Ecosystems in Agrifood and Health More...
by Thomas Hayes
Very important

New investor Coatue led the round, which comes only four months after Impossible raised a $500 million Series F round. Major company updates include over 60× retail footprint expansion in the U.S., increased presence of Impossible Sausage up to 22,000 restaurants, and new items in its R&D pipeline. The latter is particularly intriguing, with the company stating that it is currently working on new products ranging from plant-based milk to steak. If the company continues to use fermentation-derived ingredients in its formulations, much like it does today with heme, it will be another vote of confidence in the approach for reaching sensorial parity in plant-based foods.

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