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Impossible Foods Stock

Plant-based meat alternatives

Founded

2011

Notable Investors

GV

Headquarters

Redwood City CA, US

Total Funding

$1.7B

About Impossible Foods Stock

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 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 January 2020, Impossible Foods unveiled a new product at CES: Impossible Pork. The company has not announced when the pork would be available, however, it was also announced that Impossible Sausage would be launching at 139 Burger King restaurants. 

In October 2019, the Impossible Burger launched in grocery stores nationwide, becoming the No. 1 item sold at Gelson's in California. The company has also struck agreements with Burger King to sell the Impossible Whooper and has been selling its products through White Castle since 2018.

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.

Investors

Funding History

September 2011$6.4M
February 2013$3.1M
July 2013$27.6M
June 2014$41.1M
August 2015$125M
May 2019$774M
May 2019$201M
March 2020$297M
March 2020$203M

Management

Founder & Chief Executive Officer

Patrick Brown, M.D.

Chief Financial Officer

David Lee

Chief Communications Officer

Rachel Konrad

Chief Legal Officer

Dana Wagner

President

Dennis Woodside

SVP, Product and Operations

Sheetal Shah

VP, Nutrition and Health

Sue Klapholz

SVP, International

Nick Halla

SVP, US Sales

Dan Greene

SVP, Marketing

Jessie Becker

Press

How to Cook With Plant-Based Meats

New York Times - Mar, 3 2020

Plant-Based Meat Makers Compete on Price

Wall Streets Journal - Mar, 3 2020

Meat, Milk Groups Seek to Defend Supermarket Turf

Wall Streets Journal - Oct, 7 2019

The Real Problem With Beef

New York Times - Oct, 1 2019

Big Meat And The Switch To Soy

Forbes - Sep, 20 2019

Other Companies

EquityZen does not have an affiliation with, formal relationship with, or endorsement from Impossible Foods or any companies feature above. This profile is based on publicly available information and is intended to be informative in nature.

Some data provided by Crunchbase

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