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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, Offtopic) by Anonymous Coward on Friday August 04 2017, @08:04PM (3 children)

    by Anonymous Coward on Friday August 04 2017, @08:04PM (#548850)

    You want to dictate to me what foods are clean and unclean? I'll cave your goddamned head in, you sand nigger. I can't have my rack of ribs because it's not beef? Kiss your ass goodbye. I can't have a veggie burger with bacon when I want a veggie burger with fucking bacon because it's against your goddamned religion, sand nigger? Just try me. I'll cave your fucking head in.

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  • (Score: 0, Touché) by Anonymous Coward on Friday August 04 2017, @08:10PM (1 child)

    by Anonymous Coward on Friday August 04 2017, @08:10PM (#548852)

    Proof that retarded people shouldn't be allowed on the 'net unsupervised.

    • (Score: 1, Touché) by Anonymous Coward on Friday August 04 2017, @08:16PM

      by Anonymous Coward on Friday August 04 2017, @08:16PM (#548855)

      Even when supervised they will still tweet stupid shit at 2am while on the toilet.......

  • (Score: 2) by Phoenix666 on Saturday August 05 2017, @12:59AM

    by Phoenix666 (552) on Saturday August 05 2017, @12:59AM (#548953) Journal

    Maybe you should go spend some time with a punching bag instead of posting for a while. You're wound up.

    --
    Washington DC delenda est.