Wednesday, April 4, 2018

Impossible Foods Finds $114M Via Convertible Note

Redwood City-based Impossible Foods, which is developing meat products made directly from plants, has raised $114M in a convertible note financing. The funding was led by Temasek and Sailing Capital. Other investors in Impossible Foods include Open Philanthropy Project, Temasek, Bill Gates, Horizons Ventures plus Google Ventures, UBS and Viking Global Investors, along with Khosla Ventures. According to the company, it has now raised nearly $400M in total. The company said the new funding will go towards expansion in the US and overseas.