Impossible Foods, which makes a meatless plant-based burger and is backed by cel...
- 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.
“We believe in self-reliance. Being ready to go public is a priority for the company because we need to be operating at the highest level of rigor,” Lee said.Celebrities have jumped on the investor bandwagon, including Jay-Z, Will.i.am, Jaden Smith and Katy Perry, who recently wore a vegan burger outfit to New York’s annual Met Gala, making reference to Impossible Foods.
Lee said Beyond Meat’s successful IPO did not change Impossible plans or timing to go public but was a “validation.” Fast-food chain Burger King has said it will launch “Impossible Whopper,” which uses Impossible Foods’ plant-based patties, nationwide after a successful trial at limited locations.
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