Stories
Slash Boxes
Comments

SoylentNews is people

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

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.


Original Submission

 
This discussion has been archived. No new comments can be posted.
Display Options Threshold/Breakthrough Mark All as Read Mark All as Unread
The Fine Print: The following comments are owned by whoever posted them. We are not responsible for them in any way.
  • (Score: 0) by Anonymous Coward on Saturday August 05 2017, @03:28AM

    by Anonymous Coward on Saturday August 05 2017, @03:28AM (#548986)

    You can, but when it comes to food, you really want to be as close to the source as possible. That way you can get things processed and frozen as quickly as possible. The moment that fruits and vegetables are picked they typically start the process of degrading. But, if you pick and do whatever processing you want to do near the source, you can greatly reduce that degradation. It's one of the reasons why canned fruits and vegetables can be better than the ones available in the produce aisle.