Plant-based burger manufacturer Impossible Foods is hoping to more than double its current valuation of $2bn, having already raised some $750m from investors including GV.
Impossible Foods, the US-based plant-based meat producer backed by internet and technology conglomerate Alphabet, has entered discussions for a funding round sized at $300m to $400m, Reuters reported yesterday.
The company hopes to increase its most recent valuation of $2bn to between $3bn and $5bn, according to people familiar with the matter. The round could precede an initial public offering as soon as 2020, one of the sources said.
A source told Reuters some of its existing investors had convinced…
Thierry Heles
Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
