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Impossible Foods Just Raised $75 Million for Its Plant-based Burgers

posted by Fnord666 on Friday August 04 2017, @06:48PM   Printer-friendly
from the eating-plants dept.

Phoenix666 writes:

Impossible Foods, the six-year-old, Redwood City, Ca.-based company known for its "juicy" meatless burgers, quietly announced $75 million in funding late last week, led by Temasek, with participation from Open Philanthropy, as well as earlier investors Bill Gates, Khosla Ventures and Horizon Ventures.

The company says it isn't providing further financial details but the round brings Impossible's funding to nearly $300 million, including earlier rounds that have included GV, Viking Global Investors and UBS.

Impossible's burgers are made with  soy leghemoglobin, a protein that carries heme, an iron-containing molecule that occurs naturally in every animal and plant.

The company has said it wants to replace a number of animal products with goods engineered from plants, but for now, it seems squarely focused on getting more of its burgers into the world. Part of that strategy involved opening a factory in Oakland, Ca., in May, where it expects to be producing 1 million pounds of ground "plant meat" each month.

Thought the race was on to have us eat insects.

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  • (Score: -1, Flamebait) by Anonymous Coward on Friday August 04 2017, @08:01PM (2 children)

    by Anonymous Coward on Friday August 04 2017, @08:01PM (#548849)

    Obviously you're not in the target market.

    You're gonna get fucked up if you want to prevent me from giving these a try.

    What's next, are you going to decide that I can't have bacon either? Are bacon and non-beef burgers against your religion you fucking sand nigger? You want to get between me and a bison burger with bacon or black bean burger [morningstarfarms.com]? No kangaroo jerky for me because it's not beef? No hot wings because it's not beef? I'll cave your fucking head in, sand nigger.

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  • (Score: 2) by Phoenix666 on Saturday August 05 2017, @12:55AM

    by Phoenix666 (552) on Saturday August 05 2017, @12:55AM (#548948) Journal

    Is there such a thing as kangaroo jerky? I'd buy it. Tried a kangaroo steak at a restaurant in Sydney and quite enjoyed it.

    --
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  • (Score: 2) by takyon on Saturday August 05 2017, @05:24PM

    by takyon (881) <takyonNO@SPAMsoylentnews.org> on Saturday August 05 2017, @05:24PM (#549141) Journal

    You can have bacon, as long as it's not that turkey bacon crap.

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