Impossible Foods has announced it has ended a $500 million funding round, bringing the company’s total funding to nearly $1.3 billion.
The lead investor was a South Korea-based company, and others included repeat investors and celebrities.
The company plans to use the funding to invest in more research and innovation to scale up its presence.
“Our mission is to replace the world’s most destructive technology—the use of animals in food production—by 2035,” Impossible Foods Founder and CEO Patrick Brown said in the release announcing the funding.
Funding will be utilized to boost its manufacturing, expand its supermarket and retailer’s distribution worldwide, and speed up the commercialization of its new line of products.
