Impossible Foods Raises $200M In Series G Funding, Aims To Develop New Product Lines Including Plant-Based Pork

Plant-based meat company Impossible Foods Inc. announced Thursday $200 million in fresh funding that it plans to use to fuel expansion.

What Happened

The Series G funding round was led by New York-based technology sector hedge fund Coatue Management, the company said in a statement.

The plant protein-centric firm plans to use the funds to expand research and development, double-down on its manufacturing scaleup and expand its retail presence and availability in important global markets. 

The Beyond Meat Inc BYND rival is targeting the commercialization and development of products such as plant-based pork, milk, and steak.

Impossible Foods has raised a total of $1.5 billion to date. In its previous investment round, the company raised $500 million.

“2020 has been a year of explosive growth for us, but this is just the beginning,” Impossible Foods Chief Financial Officer David Lee said.

He disclosed that the investment would be used to “continue to develop and commercialize the technology that will enable that transformation.”

Why It Matters

Last month, the faux meat-startup said it had forged a partnership with Walmart Inc WMT in the United States to sell its Impossible Foods burger at 2,100 stores across 50 states.

The products of both Impossible Foods and Beyond Meat are available at fast food stores and at Starbucks Corporation’s SBUX coffee chain. 

Restaurant Brands International Inc QSR sells the Impossible Whopper at its Burger King restaurants, while Beyond Meat’s products can be found at Dunkin Brands Group Inc’s DNKN Dunkin Donuts outlets.

Photo courtesy: Impossible Foods

Posted In: Impossible burgerImpossible Foodsplant-based meatNewsPenny StocksFinancingMarkets

Ad Disclosure: The rate information is obtained by Bankrate from the listed institutions. Bankrate cannot guaranty the accuracy or availability of any rates shown above. Institutions may have different rates on their own websites than those posted on The listings that appear on this page are from companies from which this website receives compensation, which may impact how, where, and in what order products appear. This table does not include all companies or all available products.

All rates are subject to change without notice and may vary depending on location. These quotes are from banks, thrifts, and credit unions, some of whom have paid for a link to their own Web site where you can find additional information. Those with a paid link are our Advertisers. Those without a paid link are listings we obtain to improve the consumer shopping experience and are not Advertisers. To receive the rate from an Advertiser, please identify yourself as a Bankrate customer. Bank and thrift deposits are insured by the Federal Deposit Insurance Corp. Credit union deposits are insured by the National Credit Union Administration.

Consumer Satisfaction: Bankrate attempts to verify the accuracy and availability of its Advertisers' terms through its quality assurance process and requires Advertisers to agree to our Terms and Conditions and to adhere to our Quality Control Program. If you believe that you have received an inaccurate quote or are otherwise not satisfied with the services provided to you by the institution you choose, please click here.

Rate collection and criteria: Click here for more information on rate collection and criteria.