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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.


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  • (Score: 2) by captain normal on Monday August 07 2017, @12:18AM (1 child)

    by captain normal (2205) on Monday August 07 2017, @12:18AM (#549702)
    --
    When life isn't going right, go left.
    Starting Score:    1  point
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    Total Score:   2  
  • (Score: 2) by takyon on Monday August 07 2017, @12:39AM

    by takyon (881) <takyonNO@SPAMsoylentnews.org> on Monday August 07 2017, @12:39AM (#549710) Journal

    Mercola is shit. [google.com]

    Additionally 99% a very large percentage of soy is genetically modified

    Bad grammar, no insight.

    Numerous artificial flavorings, particularly MSG

    Another warning sign: linking it to debunked fearmongering.

    Maybe soy is bad for humans. But Mercola could be worse.

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