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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: 0) by Anonymous Coward on Saturday August 05 2017, @03:25AM
There's little to no evidence to support the belief that properly cooked meat eaten in moderation causes cancer. In fact, there's little reason to believe eating meat in moderation causes any health problems whatsoever.
People like to blame meat when their morbidly obese coworker keels over, but that's not really an accurate statement. It isn't the meat, it's the lack of exercise, nutritional balance and usually clogged arteries that lead to it. Blaming the meat when cutting back to more reasonable levels and getting adequate exercise would have solved the problem is ridiculous.