Impossible Foods Raised $500M in Funding

Impossible Foods, a Redwood City CA-based plant-based meat company, raised $500M in funding.

The round was led by Mirae Asset Global Investments with participation from other existing investors.

The company, which has now raised close to $2 billion since its founding in 2011, intends to use the funds for growth in retail and across its supply chain, product portfolio, technology platforms, and international expansion plans.

Led by CEO Pat Brown, Impossible Foods provides meat and dairy products from plants — with a much smaller environmental footprint than meat from animals.

The new funding round comes amid new product launches from Impossible Foods over a four-month period — including Impossible™ Sausage Made From Plants, Impossible™ Chicken Nuggets Made From Plants, and Impossible™ Pork Made From Plants. Earlier this week, the company added Impossible™ Meatballs Made From Plants to store shelves in an expansion of its offering at Walmart, with more retailers set to debut the product this year. Impossible Foods has also added four new international markets over the past 14 months, including Canada, the United Arab Emirates and, most recently, Australia and New Zealand. Products can now be found 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.