THE CHICAGOLAND FOOD & BEVERAGE NETWORK - Impossible Foods raises $300 million with investors eager for a bite of meatless burgers

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Impossible Foods raises $300 million with investors eager for a bite of meatless burgers

Impossible Foods raises $300 million with investors eager for a bite of meatless burgers

30 May 2019 12:53 PM | Deleted user

Impossible Foods, which makes a meatless plant-based burger and is backed by celebrities like Serena Williams and Katy Perry, said on Monday it has raised $300 million in the latest round of funding ahead of a possible initial public offering.

The fundraising underscores the growing appeal in plant-based food that tries to taste like meat with fewer environmental or health risks. Shares of competitor Beyond Meat Inc, which debuted on Nasdaq on May 2, have more than tripled.