Impossible Foods, whose backers include venture capital investors Khosla Ventures and Horizons Ventures, as well as celebrities like tennis star Serena Williams and singer Katy Perry, has so far raised $777 million in the private market, according to data provider PitchBook. "We need to consider every option for fueling our long-term growth. The Impossible Burger made its retail debut at 27 Gelson's Markets locations in Southern California before expanding its retail presence in the fourth quarter and in early 2020, the company said in a statement. Personalize which data points you want to see and create visualizations instantly. Get this delivered to your inbox, and more info about our products and services. All Rights Reserved. Early market entrants like Impossible Foods and Beyond Meat are also facing increasing competition from traditional meat producers and packaged food companies such as Tyson Foods Inc and Nestle SA. PitchBook’s non-financial metrics help you gauge a company’s traction and growth using web presence and social reach. Maraxi, Jasper Ridge Creamery, Lyrical Foods, Producer of plant-based meat substitutes intended to combine natural ingredients into food products. The global meat substitutes market generated revenue of $4.2 billion in 2018, and is expected to be worth $6.1 billion by 2023, as more consumers convert to veganism or cut down on consumption of red meat, according to a report by Research on Global Markets. A big increase in the company's valuation would indicate venture capital investors remain willing to bankroll big valuations in private fundraisings, despite the struggles of several high-profile startups in 2019. Some existing Impossible Foods investors have been pushing for a larger raise at a higher valuation, one of the sources said. All rights reserved. Office-sharing company WeWork was valued at as much as $47 billion in private fundraising rounds, but was considering going public at a valuation of as low as $10 billion before postponing its IPO in September. Get the full list », Co-Founder, Chief Executive Officer & Board Member. However, we have not announced any plans or timing regarding an IPO," an Impossible Foods spokeswoman said, declining to comment on any potential fundraising plans. The global meat substitutes market generated revenue of $4.2 billion in 2018, and is expected to be worth $6.1 billion by 2023. © 2020 PitchBook Data. Ut enim ad minim veniam, quis n, To view Impossible Foods’s complete valuation and funding history, request access », To view Impossible Foods’s complete cap table history, request access », You’re viewing 5 of 15 competitors. Sign up for a free trial to view exact valuation and search companies with similar valuations. It also recently started selling its products at certain U.S. grocery stores. Impossible Foods General Information Description. © 2020 CNBC LLC. The company's products are created using a combination of ingredients like fats, amino acids, and vitamins from plants that deliver the texture and taste of conventional beef, enabling consumers to get a healthy alternative for meat and dairy products. : Get the latest Impossible Foods stock price and detailed information including news, historical charts and realtime prices. Beyond Meat shares, while still well above their IPO price from May, have pared gains to trade at less than half their all-time high. Impossible Foods, aiming for a valuation of between $3 billion and $5 billion in the fundraising round, is looking to raise between $300 million and $400 million, the sources said. Impossible Foods has a post-money valuation in the range of $1B to $10B as of Aug 13, 2020, according to PrivCo. Get the full list », You’re viewing 5 of 10 board members. A Division of NBCUniversal. Impossible Foods's latest funding round in August 2020 was reported to be $200 m. In total, Impossible Foods has raised $1.4 b. Impossible Foods says its burgers are sold at more than 15,000 restaurants around the world. Get the full list », You’re viewing 5 of 19 executive team members. Impossible Foods, aiming for a valuation of between $3 billion and $5 billion in the fundraising round, is looking to raise between $300 million and $400 million, the sources said. Producer of plant-based meat substitutes intended to combine natural ingredients into food products. The Redwood City, California-based company is seeking to capitalize on growing consumer demand for meat alternatives. Get the full list », You’re viewing 5 of 57 investors. The cash came from heavyweight Asia investors, a hint at Impossible… PitchBook’s comparison feature gives you a side-by-side look at key metrics for similar companies. Rival Beyond Meat Inc has seen the value of its shares more than triple since going public in May, and is now worth around $4.8 billion. They cautioned that plans may change based on investor feedback. Got a confidential news tip? We want to hear from you. Impossible Foods's latest valuation is reported to be $4 b. The company's produ, magna aliqua. Data is a real-time snapshot *Data is delayed at least 15 minutes. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. Despite breakneck growth, some analysts have raised questions about whether the plant-based meat market has been overhyped. Producer of plant-based meat substitutes intended to combine natural ingredients into food products.
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