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Impossible Foods Stock (IMPF)

Impossible Foods uses a scientific approach to create plant-based alternatives to meat and dairy products.They focus on identifying the key molecules that contribute to the sensory experience of meat consumption. These molecules are then recreated using plant-based ingredients and other nutrients.

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. Impossible Foods makes heme from plants. Currently, the Impossible Burger is not available online but can be found in over 17,000 restaurants and over 150 grocery stores in the U.S., Hong Kong, Macau, and Singapore. In October 2019, the Impossible Burger launched in grocery stores nationwide, becoming the No. 1 item sold at Gelson's in California.

About Impossible Foods Stock

Founded

2011

Headquarters

Redwood City, CA, US

Total Funding

2.4B

Industries

Health Care, Food and Beverage

Impossible Foods, Inc. is the developer of plant-based substitutes for meat and dairy products. The company 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 flagship product is the Impossible Burger, which they claim is made from ingredients including plant-based protein, coconut oil, and heme, among other ingredients. Heme is a protein found in animal muscle and is, according to the company, responsible for the characteristic taste and aroma of meat.

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.

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Impossible Foods Management

Leadership team at Impossible Foods

Chief Executive Officer

Peter McGuinness

Chief Financial Officer

Elaine Paik

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