In this file:
· New funding round values Impossible Foods at $2B
· Beyond Meat rival Impossible Foods raises another $300 million
New funding round values Impossible Foods at $2B
About: Beyond Meat, Inc. (BYND)
By: Clark Schultz, Seeking Alpha
May 13, 2019
· Impossible Foods discloses that it raised $300M in a fresh funding round ahead of a potential IPO down the road.
· The Silicon Valley-based startup has now raised more than $750M and is valued at more than $2B.
· Institutional investors in Impossible Foods include Khosla Ventures, Bill Gates, Google Ventures, Horizons Ventures, UBS, Viking Global Investors, Temasek, Sailing Capital and Open Philanthropy Project.
· Impossible Foods is sold at more...
Beyond Meat rival Impossible Foods raises another $300 million
· Impossible Foods raised $300 million in its latest funding round, according to Reuters.
· The company’s rival Beyond Meat, which also makes plant-based meat substitutes, went public two weeks ago.
· Impossible’s CFO David Lee told Reuters that the company is in no rush to go public yet.
Amelia Lucas, CNBC
May 13, 2019
Impossible Foods said Monday that it has raised $300 million in its latest funding round, Reuters reported.
The company’s announcement follows the initial public offering of Beyond Meat. Its rival’s stock has surged 165% since its debut.
The maker of the plant-based Impossible Burger has raised more than $750 million so far, with help from investors like Bill Gates, Google Ventures and Serena Williams.
Sales of plant-based products grew by more than 17% last year, according to Nielsen, while other grocery products only grew by 2%.
While the Impossible Burger only landed on grocery store shelves this year after the FDA approved its key ingredient, it has been in restaurants since 2016. Recently, Restaurant Brands International announced that it would take its Impossible Whopper — Burger King’s signature sandwich made with the bleeding vegan patty — nationwide after testing it in April.
Impossible has struggled to meet demand, but the company said Monday...
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