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.
(Score: 3, Insightful) by wonkey_monkey on Friday August 04 2017, @08:50PM (1 child)
What if it tastes better?
systemd is Roko's Basilisk
(Score: 0) by Anonymous Coward on Friday August 04 2017, @11:33PM
For many burgers that would not be terribly hard. Most restaurant burgers are made with poor grade meat in the first place. Then cooked badly. Most of the time it comes down to spices and cooking method. So it is possible for it to be 'better'. One place I ate at as a child had 'Grade D meat fit for human consumption' written on the sides of the boxes...