There’s been a surge in the plant-based sector of late, with many of our industry’s leading brands, grocers, and influencers driving growth across the board. Impossible Foods is only further adding to this growth after announcing it has raised about $500 million in its latest series F funding round, bringing its total raised to $1.3 billion.
David Lee, Impossible Foods’ Chief Financial Officer, disclosed that the latest funds will bolster and expand the company’s manufacturing capacity and help it realize its long-term mission.
According to Reuters, Impossible Foods’ latest funding round was led by a new investor: South Korea’s Mirae Asset Global Investments. The plant-based meat company’s investor roster also includes the likes of Khosla Venturs, Horizons Ventures, and Temasek.
Although Impossible Foods hasn’t been shy about its growth trajectory, the company did decline to disclose its latest valuation. The news source, however, noted that in November of 2019, Impossible Foods was pursuing the goal of doubling its $2 billion valuation.
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