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Impossible Foods Raises $200 Million for International Operations

08/17/2020

Following the latest round of funding that raised $200 million, Impossible Foods has attracted $1.5 million in capital. Dr. Patrick O. Brown, CEO, noted, “Our investors believe in our mission to transform the global food system and they recognize an extraordinary economic opportunity.”  The additional capital will be used for R&D, product development, and international operations.

 

During past months, Impossible Foods has introduced the Impossible Sausage, available in a number of leading quick service restaurants, including Burger King, that is currently serving the Impossible Croissan'wich.  Starbucks is offering an Impossible Foods Breakfast Sandwich.

 

Notwithstanding increases in sales, it is apparent that vegetable-based meat substitutes are at this stage of development marginally or substantially unprofitable as denoted by the successive quarterly reports released by Beyond Meat and Maple Leaf Foods.  Most producers of vegetable-based meat alternatives operate as private companies and do not release financial data.


Dr. Patrick Brown CEO Impossible Foods