Related Searches: Tea Vitamin Nutrients Ingredients paper cup packing

Food & Health Ingredients
Health & Nutrition
Processing & Packaging
Starch & Starch Derivatives

Impossible Foods Raises Another $300 Million

foodprocessing 2019-05-16
Share       

Impossible Foods, buoyed by the impending nationwide rollout of its meatless burgers at Burger King, has raised $300 million in its latest round of funding.

The money raises its total funding to about $750 million. The latest round of funding was led by investment firms Temasek Holdings and Horizon Ventures. Individual investors include celebrities Katy Perry, Serena Williams, Bill Gates and Jay-Z.

Impossible Foods is pressing to keep up with current demand, especially the impending nationwide introduction of the Impossible Burger to more than 7,000 Burger King restaurants. The company is adding a production shift at its Oakland, Calif., facility, partnering with co-packers, and looking at locations for additional production facilities.

Impossible’s chief rival, Beyond Meat, recently had a successful IPO. Impossible is distinguished by its use of heme, an iron-rich compound fermented by genetically engineered yeast that contributes to its meat-mimicking flavor.

By Pan Demetrakakes, Senior Editor

E-newsletter

Subscribe to our e-newsletter for the latest food ingredients news and trends.

Tags

Recommended Products

Honeysuckle Garlic Capsule

Honeysuckle Garlic Capsule

Triacontanol90%

Triacontanol90%

stevia RA98%

stevia RA98%

Gu-Tang-Le ADR-1 probiotic capsules

Gu-Tang-Le ADR-1 probiotic capsules

Woojamark W30+ TTO Printer

Woojamark W30+ TTO Printer

Corn Gluten Feed 24%

Corn Gluten Feed 24%

Natural Vitamin E

Natural Vitamin E

Falling film evaporation

Falling film evaporation

Top

SJGLE B2B Website : 中文版 | ChineseCustomer Service: 86-400 610 1188-3 ( Mon-Fri 9: 00-18: 00 BJT)

About Us|Contact Us|Privacy Policy|Intellectual Property Statement

Copyright 2006-2023 Shanghai Sinoexpo Informa Markets International Exhibition Co Ltd (All Rights Reserved). ICP 05034851-121