Impossible Foods, Inc., a food generation company in Redwood City, California, has earned $200 million in G Series financing.

The cycle was conducted through the new Coatue investor with the participation of existing investors Mirae Asset Global Investments and Temasek, as well as the new investor XN. In addition to top institutional investors, Foods’ existing individual investors include Jay Brown, Common, Kirk Cousins, Paul George, Peter Jackson, Jay-Z, Mindy Kaling, Trevor Noah, Alexis Ohanian, Kal Penn, Katy Perry, Questlove, Ruthrough Rose, Phil Rosenthal, Jaden Smith, Serena Williams, will.i.am and Zedd.

The start-up, which has raised approximately $1.5 billion since its inception in 2011, will use the budget to expand its studies and progression programs, boost the scale of its manufacturing, build its retail presence and availability in key foreign markets, and boost the marketing and progression of next-generation plant products. Arrangements such as Impossible red meat ™ herbal, milk, steak and other foods.

Founded in 2011 through Dr. Patrick O. Brown, M.D., Ph.D., chief executive of California’s Silicon Valley-based Impossible Foods, Impossible Foods manufactures meat and dairy products from plants. The company’s flagship product is Impossible Burger, which debuted in September 2019 and can now be achieved at more than 8,000 grocery stores in 50 states, adding Walmart, Kroger, Trader Joe’s and more. The tour follows the launch of Impossible Sausage, a new product logo that is now available at more than 22,000 restaurants, adding Burger King and Starbucks.

In June, the company presented its direct e-commerce to consumers with two-day delivery in the continental United States.

FinSME

14/08/2020