Impossible Foods
Food Tech
Founded: 2011
Last Round Valuation: $6.84B
Impossible Foods is a company that specializes in creating plant-based alternatives for meat, dairy, and fish. Their primary objective is to promote sustainability in the global food system by reducing reliance on animal-based food production. In 2016, they introduced their pioneering product, the Impossible Burger Made From Plants. Founded in 2011 by Monte Casino and Patrick Brown, the company is based in Redwood City, California, and is dedicated to transforming the way we produce and consume food for a more sustainable future.
Impossible Foods Overview:
Impossible Foods is a renowned company dedicated to revolutionizing the food industry by creating plant-based alternatives to meat, dairy, and fish products. Their mission is centered around making the global food system more sustainable and reducing the environmental impact caused by traditional animal agriculture. By harnessing innovative technology and scientific research, Impossible Foods aims to eliminate the need for food production from animals.
Founded in 2011 by Monte Casino and Patrick Brown, Impossible Foods has gained significant recognition for its pioneering approach. In 2016, they achieved a major milestone with the launch of their flagship product, the Impossible Burger Made From Plants. This plant-based burger has gained widespread popularity due to its ability to mimic the taste and texture of traditional beef, offering a sustainable and ethical alternative for consumers.
Headquartered in Redwood City, California, Impossible Foods continues to lead the way in developing and refining plant-based food solutions. Through their relentless commitment to innovation and sustainability, they strive to create delicious and nutritious alternatives that can meet the growing demand for environmentally friendly and ethical food choices.
By reimagining the possibilities of food production, Impossible Foods is driving a fundamental shift in the industry. Their groundbreaking products not only cater to the rising demand for plant-based options but also contribute to mitigating the environmental impact associated with animal agriculture. With their vision of a more sustainable food system, Impossible Foods is shaping the future of food and inspiring positive change worldwide.
Founders:
Tal Ronnen
Patrick Brown MD
Monte Casino
Top Investors:
Mirae Asset Global Investments
Rubix
Coatue Management
Temasek Holdings
Khosla Ventures
Horizons Ventures
Sailing Capital
Open Philanthropy Project
UBS
Viking Global
Gates Ventures
GV (Formerly known as Google Ventures)
Funding History:
Date | Share Type | Amount Raised | Raised to Date | Issue Price | Post Money Valuation | Key Investors |
---|---|---|---|---|---|---|
Nov 2021 | Series H-2 | $43.52MM | $1.46B | $24.16 | $6.84B | Mirae Asset Global Investments, Rubix |
Nov 2021 | Series H-1 | $500.15MM | $1.92B | $24.16 | $6.84B | Mirae Asset Global Investments, Rubix |
Aug 2020 | Series G-2 | $9.53MM | $1.22B | $16.15 | $4.05B | Coatue Management, Mirae Asset Global Investments, Temasek Holdings |
Aug 2020 | Series G-1 | $200.1MM | $1.41B | $16.15 | $4.05B | Coatue Management, Mirae Asset Global Investments, Temasek Holdings |
Mar 2020 | Series F-1 | $500.95MM | $1B | $15.41 | $3.67B | Mirae Asset Global Investments, Khosla Ventures, Horizons Ventures |
Mar 2020 | Series F-2 | $203.46MM | $706.65MM | $15.41 | $3.67B | Mirae Asset Global Investments, Khosla Ventures, Horizons Ventures |
May 2019 | Series E-1 | $238.04MM | $441.23MM | $10.60 | $2.08B | Sailing Capital, Temasek Holdings, Open Philanthropy Project |
May 2019 | Series E-2 | $61.96MM | $265.15MM | $10.60 | $2.08B | Sailing Capital, Temasek Holdings, Open Philanthropy Project |
Oct 2015 | Series D | $125MM | $203.19MM | $4.50 | $743.93MM | UBS, Viking Global, Horizons Ventures |
Jun 2014 | Series C | $41.12MM | $78.19MM | $2.03 | $278.9MM | Gates Ventures, Khosla Ventures, GV |
Jul 2013 | Series B | $27.58MM | $34MM | $1.35 | $155.94MM | Khosla Ventures |
Jul 2013 | Series A-1 | $3.06MM | $9.49MM | $0.39 | $155.94MM | Khosla Ventures |
Sep 2011 | Series A | $6.42MM | $6.42MM | $1.00 | $64.21MM | Khosla Ventures |
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