The plant-based food producer increased its overall funding to almost $2bn in a round backed by existing investors that could include GV.
Impossible Foods, the US-based vegetarian meat product manufacturer backed by internet and technology conglomerate Alphabet, closed its latest funding round at $500m yesterday.
The round was led by Mirae Asset Global Investments, the asset management arm of financial services group Mirae Asset Financial, and also featured unnamed existing investors, bringing the company’s total funding to nearly $2bn.
Impossible produces plant-based alternatives to meat products such as burgers, nuggets, sausages, pork and meatballs. Proceeds from the round will be used to…
Fernando Moncada Rivera
Fernando Moncada Rivera is a reporter at Global Corporate Venturing and also host of the CVC Unplugged podcast.
