Impossible Foods just became the best-funded alternative protein startup to date.
This week’s announcement that the company has raised an additional $114 million brings Impossible’s total to nearly $400 million — backing its plans for total meat industry transformation.
“Our world-class investors enable us to ramp up rapidly and accomplish our urgent mission,” Impossible founder and CEO Patrick Brown said in a statement. “We are proud of the progress we’ve made — but frankly there are still millions of restaurants and billions of people who want meat. We won’t stop until the global food system is truly sustainable.”
This round was co-led by Sailing Capital and Temasek, which are based in China and Singapore, respectively. This signals Impossible’s plans to use Asia as its first foray into international markets, noting in a statement that “Asia drives 44 percent of the world’s demand for meat, and the rate of consumption is growing faster than any other region.”
Google Ventures, Bill Gates, Horizon Ventures, UBS, Open Philanthropy Project, and more are repeat investors in Impossible Foods.