Impossible Foods joined the Unicorn Club after raising a total of $1.9 billion in funding, reaching a $7 billion valuation. Headquartered in Redwood City, California, United States, Impossible Foods develops plant-based meat alternatives designed to replicate the taste and texture of traditional animal meat.
The company uses food science and biotechnology to create sustainable meat products, reducing environmental impact while providing consumers with familiar culinary experiences.
Keep reading to learn how Impossible Foods became a leading plant-based food unicorn.
What Is Impossible Foods and What Does It Do?
Founded in 2011, Impossible Foods is a food technology company that produces plant-based meat substitutes. Its products replicate the flavor, texture, and appearance of traditional animal meat while lowering environmental impact.
The company leverages biotechnology, food science, and sustainable ingredient sourcing to create plant-based proteins, enabling consumers and foodservice providers to adopt environmentally friendly alternatives without compromising taste or quality.
How Much Funding Has Impossible Foods Raised?
1. Seed Round
- Amount Raised: $3 million
- Date: 2011
- Lead Investors: Early stage food and biotech investors
- Purpose: Launch initial research on plant-based meat proteins
2. Series A Round
- Amount Raised: $17 million
- Date: 2013
- Lead Investors: Food technology-focused venture firms
- Purpose: Scale R&D and develop first commercial product prototypes
3. Series B Round
- Amount Raised: $75 million
- Date: 2015
- Lead Investors: Strategic and venture investors
- Purpose: Expand manufacturing, distribution, and product portfolio
4. Series C Round
- Amount Raised: $108 million
- Date: 2016
- Lead Investors: Growth stage and impact investors
- Purpose: Scale production and commercial adoption in restaurants and retail
5. Series D Round
- Amount Raised: $114 million
- Date: 2017
- Lead Investors: Institutional investors
- Purpose: Accelerate international expansion and increase retail availability
6. Series E Round
- Amount Raised: $75 million
- Date: 2018
- Lead Investors: Large consumer goods investors
- Purpose: Product diversification and marketing expansion
7. Series F Round
- Amount Raised: $450 million
- Date: 2020
- Lead Investors: Temasek, Viking Global, Khosla Ventures
- Purpose: Global scale-up and production technology development
8. Series G Round
- Amount Raised: $900 million
- Date: 2021
- Lead Investors: Tiger Global Management, Horizons Ventures
- Purpose: Expand global production and accelerate plant-based meat adoption
Total Funding Raised: $1.9 billion Latest Funding Date: 2021 Latest Known Valuation: $7 billion
Key Investors
- Temasek
- Details: Singapore sovereign wealth fund investing globally
- Focus Areas: Food tech, sustainable products, and growth-stage companies
- Khosla Ventures
- Details: Venture capital firm focused on early-stage technology and food innovation
- Focus Areas: Biotech, sustainable food, and plant-based proteins
- Tiger Global Management
- Details: Global investment firm backing high-growth companies
- Focus Areas: Consumer goods, sustainable food, and technology
- Viking Global Investors
- Details: Investment firm targeting growth-stage companies
- Focus Areas: Technology, food tech, and impact-driven businesses
Where Is Impossible Foods’ Headquarters?
Impossible Foods is headquartered in Redwood City, California, United States, supporting its research labs, production facilities, and operational teams.
What’s Next for Impossible Foods?
Impossible Foods plans to expand its plant-based product portfolio, increase global production, and partner with restaurants and retailers worldwide. The company aims to further reduce environmental impact and accelerate the adoption of sustainable, plant-based meat alternatives.
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