How Much Did Impossible Foods Raise? Funding & Key Investors

Impossible Foods has raised funding over 12 rounds, with the latest being a Series H round. The company is backed by 57 investors, including Mirae Asset and Rockpool Capital.

Keep reading to explore the intricacies of Impossible Foods' fundraising journey and the investors backing this innovative company.

What Is Impossible Foods?

Impossible Foods, based in Redwood City, California, is a private company specializing in plant-based substitutes for meat, dairy, and fish products. Founded by Pat Brown, the company operates in the Food and Beverage, Food Processing, Nutrition, Organic Food, and Plant-Based Foods industries.

With a mission to create delicious, nutritious food that is better for the planet and animals, Impossible Foods has grown to employ between 251-500 people. The company has raised funding through multiple rounds, with the latest being a Series H round.

How Much Funding Has Impossible Foods Raised?

1. Series B
   • Amount Raised: USD 25,000,000
   • Date: July 2013
   • Lead Investors: Bill Gates, Khosla Ventures
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To support the development and commercialization of plant-based meat products.
2. Series C
   • Amount Raised: USD 40,000,000
   • Date: June 2014
   • Lead Investors: Not publicly disclosed
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To expand research and development efforts and scale production capabilities.
3. Series D
   • Amount Raised: USD 108,000,000
   • Date: September 2015
   • Lead Investors: UBS
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To increase production capacity and expand market reach.
4. Convertible Note
   • Amount Raised: USD 100,000,000
   • Date: August 2017
   • Lead Investors: Temasek Holdings
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To support ongoing product development and market expansion.
5. Convertible Note
   • Amount Raised: USD 114,000,000
   • Date: April 2018
   • Lead Investors: Sailing Capital, Temasek Holdings
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To accelerate product innovation and expand distribution channels.
6. Series E
   • Amount Raised: USD 300,000,000
   • Date: May 2019
   • Lead Investors: Horizons Ventures, Temasek Holdings
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To scale production and expand into new markets.
7. Series F
   • Amount Raised: USD 500,000,000
   • Date: March 2020
   • Lead Investors: Mirae Asset
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To support growth in retail, supply chain, and international expansion.
8. Series G
   • Amount Raised: USD 200,000,000
   • Date: August 2020
   • Lead Investors: Coatue, Meros Equity Global Management
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To scale operations and expand the product range.
9. Secondary Market
   • Amount Raised: Not publicly disclosed
   • Date: October 2020
   • Lead Investors: Not publicly disclosed
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To provide liquidity to early investors and employees.
10. Series H
    • Amount Raised: USD 500,000,000
    • Date: November 2021
    • Lead Investors: Mirae Asset
    • Valuation at Round: Estimated at around $7 billion
    • Motivation Behind the Round: To support growth in retail, supply chain, product portfolio, technology platforms, and international expansion.

Total Amount Raised: USD 2,587,000,000. Current Valuation: Estimated at around $7 billion.

Key Investors

• Mirae Asset
  • Details: Mirae Asset is a global investment firm that has led multiple funding rounds for Impossible Foods, including the latest $500 million Series H round. The firm is known for its significant financial commitment to innovative and sustainable food technologies.
  • Investment Focus Areas: Technology, healthcare, consumer goods.
  • Notable Investments: Not publicly disclosed.
• Bill Gates
  • Details: Bill Gates is a renowned entrepreneur and philanthropist, co-founder of Microsoft, and a prominent investor in various sectors. He has backed Impossible Foods as part of his efforts to support sustainable and innovative food solutions.
  • Investment Focus Areas: Technology, healthcare, sustainable energy.
  • Notable Investments: Microsoft, Breakthrough Energy Ventures, TerraPower.
• Google Ventures (GV)
  • Details: Google Ventures, also known as GV, is the venture capital arm of Alphabet Inc. GV invests in technology, life sciences, and consumer products, and has supported Impossible Foods in its mission to revolutionize the food industry.
  • Investment Focus Areas: Technology, life sciences, consumer products.
  • Notable Investments: Uber, Nest, Slack.
• UBS Group AG
  • Details: UBS Group AG is a Swiss multinational investment bank and financial services company. It has been involved in funding rounds for Impossible Foods, supporting the company's growth and expansion.
  • Investment Focus Areas: Wealth management, investment banking, asset management.
  • Notable Investments: Various global financial services and asset management portfolios.
• Coatue
  • Details: Coatue Management is a global investment firm focused on technology, media, and telecommunications. The firm led a $200 million funding round for Impossible Foods in August 2020.
  • Investment Focus Areas: Technology, media, telecommunications.
  • Notable Investments: Snap Inc., DoorDash, ByteDance.

What's Next for Impossible Foods?

Impossible Foods stands at the cusp of significant growth opportunities. With plans to expand its retail presence and diversify its product portfolio, the company is poised to capitalize on the increasing demand for plant-based alternatives. The recent $500 million funding round will fuel international expansion, particularly in markets like Australia, New Zealand, and the UAE, and support the development of new products such as Impossible™ Sausage and Impossible™ Chicken Nuggets.

Future fundraising opportunities appear promising, with the potential for an IPO on the horizon. This move could further bolster the company's financial resources, enabling it to scale operations and enhance its technology platforms. However, challenges such as competition from other plant-based brands and navigating regulatory environments in new markets could pose hurdles. Maintaining product quality and managing supply chain complexities will be crucial as the company continues to grow.

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