The plant-based food producer boosted its valuation to $4bn and has now raised $1.5bn since being founded by Stanford faculty in 2011.
Impossible Foods, a US-based meat substitute developer founded by a Stanford University researcher, completed a $200m series G round led by hedge fund Coatue Management yesterday.
Singaporean government-owned investment firm Temasek, hedge fund XN and Mirae Asset Global Investments, the asset management arm of financial services group Mirae Asset Financial, also took part in the round.
The round increased the company’s valuation from $3.6bn to more than $4bn, according to data analytics firm Prime Unicorn Index.
Founded…
Thierry Heles
Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
