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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