Impossible Foods' Total Investment Hits $1.5 Billion After Latest Funding Round

Impossible Foods’ Total Investment Hits $1.5 Billion After Latest Funding Round


1 Minutes Read

The funding was led by investment company Coatue (Photo: Impossible Foods) - Media Credit:
Your ad here?


Plant-based meat company Impossible Foods has secured $200 million in its latest funding round.

The Series G investment, led by Coatue, brings the company’s total investment to an estimated $1.5 billion.

‘Develop new products’

According to Crunchbase, the company says the investment will help increase its retail footprint and availability oversees, scale-up manufacturing.

The money will also be used to ‘develop new products and invest in research and development’.

Retail presence

Earlier this month, Impossible Foods debuted its flagship burger in Trader Joe’s and Walmart – America’s biggest meat seller.

At the beginning of the year, the Impossible Burger was only available in 150 grocery stores in California.

Now it is sold in more than 8,000 retail outlets across the U.S – as the company aims to expand its retail presence by 50 times in 2020 alone.

n an online statement, Impossible Foods CEO and Founder Dr. Patrick Brown said: “Impossible Foods’ goal is to make the global food system sustainable. To do that, Impossible Burger has to be available everywhere people shop for meat.

“More Americans buy meat for their families at Walmart than anywhere else. We’re confident that once Walmart customers try Impossible, they’ll become enthusiastic advocates of our products and our mission.”

Your ad here?


Support Plant Based News in our mission to plant 1 million trees by 2030. 🌳

Your donation supports our mission to bring you vital, up-to-the-minute plant-based news and research and contributes to our goal of planting 1 million trees by 2030. Every contribution combats deforestation and promotes a sustainable future. Together, we can make a difference – for our planet, health, and future generations.

© 2021 Plant Based News is a UK-based digital media outlet publishing content about veganism and plant-based living, including news and current events, health, personal transformation stories, features, and recipes. | Plant Based News Ltd, PO Box 71173, London, SE20 9DQ, United Kingdom.