This is the largest fundraising round for a plant-based meat company in history, bringing Impossible Foods' total funding to $750 million and market valuation to $2 billion.
Thirteen billion dollars were invested in U.S. plant-based meat, egg, and dairy companies in 2017 and 2018 alone. Eleven cell-based meat companies were founded in 2018.
Plant-based Mexican food is the next big flavor trend. In April alone, Chipotle, Taco Bell, Del Taco, and QDOBA spiced up their menus with new plant-based options.
The plant-based meat maker offered 9.625 million shares at $25 apiece, raising roughly $241 million.
The biggest fast-food chains are taking note of the incredible consumer demand for plant-based options, and upgrading their menus accordingly.
"If we can start to positively influence the global food consciousness by making sure that there are more sustainable, nutritious, and accessible food options in our buildings, that could have a real impact," said WeWork Food Labs Manager Tessa Price.
If we're serious about addressing climate change and avoiding environmental collapse, new forms of meat production must be on the menu.
Greenleaf Foods has broken ground for North America's biggest plant-based protein facility.
GFI's Sustainable Seafood Initiative and The Good Food Startup Manual are both honorees in Fast Company's 2019 World Changing Ideas awards.
Whether producing mint or meat, responsible stewardship of our soil and land is non-negotiable.
