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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: 2) by Phoenix666 on Saturday August 05 2017, @12:57AM (2 children)
I'd eat Boca Burgers all the time, because they're tasty and you don't wind up feeling greasy the way you do after a regular hamburger.
They are, however, expensive.
Washington DC delenda est.
(Score: 2) by takyon on Saturday August 05 2017, @03:08AM
This is the move IMO: http://www.tastyislandhawaii.com/images13/costco/costco_ms_chip_bgr_pk1.jpg [tastyislandhawaii.com]
[SIG] 10/28/2017: Soylent Upgrade v14 [soylentnews.org]
(Score: 2) by Immerman on Saturday August 05 2017, @07:41PM
Indeed - they taste nothing like meat, but I'll usually get them when available simply because they are consistently delicious anyway, while the actual meat options are... often not.