Impossible Foods

 

Company Synopsis

The company was incorporated in 2011 and is based in Redwood City, California. Notable investors in Impossible Foods include Temasek, Bill Gates, GV, Khosla Ventures and Li Ka-shing.

Impossible Foods, Inc. develops plant-based substitutes for meat and dairy products. According to the company, it observes animal products at the molecular level, and selects specific proteins and nutrients from greens, seeds, and grains to recreate meats and dairy products. The company's first product is the Impossible Burger, which is made from ingredients including plant-based protein, coconut oil, and heme, among other ingredients. In January 2019, the company unveiled the Impossible Burger 2.0, which swaps out whey protein for soy protein. Heme is a protein found in animal muscle and is, according to the company, responsible for the characteristic taste and aroma of meat. Impossible Foods makes hemp from plants.

Business Development

Impossible Foods currently sells the Impossible Burger, Impossible Pork, and Impossible Sausage. The company additionally sells its products to consumers through restaurants, such as Burger King, Qdoba, and Red Robin, grocery stores, such as Walmart, Kroger and Publix, and online.

Who owns Impossible Foods?

Is Impossible Foods publicly traded? No, as of July 2023 is still private. Investors include IPO CLUB, Mirae Asset Global Investments, Khosla Ventures, Bill Gates, Google Ventures, Horizons Ventures, UBS, Viking Global Investors, Temasek, Sailing Capital, Coatue, and Open Philanthropy Project.

Impossible Foods

Impossible Foods stock price source: IPO CLUB Valuation at Market©

Latest news

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In April, Reuters reported Impossible is aiming for a public listing that would value it around $10 billion. The company is exploring going public through an IPO by spring 2022 or a merger with a SPAC. Here's an in-depth review of this company that may IPO soon.

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