It was reported that Patrick Brown had turned down an offer of $300 million to buy out Impossible Foods in 2015. Brown, M.D., Ph.D., CEO and founder of Impossible Foods. It’s now available in more than 8,000 grocery stores across all 50 states, including Walmart, Kroger, Trader Joe’s and more – a more than 60X increase in Impossible Foods’ retail footprint in the past six months. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. The refusal of Impossible Foods to IPO is yet another example of how the public market has ceased to be a way to generate wealth and is now just a way to cash out. A round earlier in the year was at $3.61 billion. In addition to blue-chip institutional investors, Impossible Foods’ existing individual investors include Jay Brown, Common, Kirk Cousins, Paul George, Peter Jackson, Jay-Z, Mindy Kaling, Trevor Noah, Alexis Ohanian, Kal Penn, Katy Perry, Questlove, Ruby Rose, Phil Rosenthal, Jaden Smith, Serena Williams, will.i.am and Zedd. Producer of plant-based meat substitutes intended to combine natural ingredients into food products. When Will We Be Able to Invest in Impossible Foods Stock? To do that, Impossible Foods needs to sustain our exponential growth in production and sales, and invest significantly in R&D. 2020 InvestorPlace Media, LLC. While there are many players in the space, two of the most recognizable brands are Impossible Foods and Beyond Meat (NASDAQ:BYND), so investors assume these are cutthroat competitors. BYND stock opened Sept. 4 with a market capitalization of $7.6 billion, on just $210 million in sales for the first half of 2020. By clicking "OK" or continuing on this site you agree to allow cookies to be placed. The food-tech startup has raised about $1.5 billion since its founding in 2011. Subscribe to our print and digital publications, Borden Heats Up Dairy Section With New Creamy Salsa Flavors, Schnucks Markets Announces New Supplier Diversity Program, PureCart Rebrands, Expands Sales Team To Meet Growing Demands, Florida Food Products Acquires Beverage Ingredient Company Amelia Bay, Pandemic Has Us ‘Snacking For Fun’ Instead Of On-The-Go, Primer On THC Levels In Industrial Hemp Products, Food Lion Moves Forward With Plans To Buy 62 Bi-Lo/Harveys Stores, H-E-B Celebrates 115th Anniversary With New Kerrville Store, NCA Releases Third COVID-19 Report On Seasonal Confectionery Trends, FMI Joins Unprecedented Climate Change Alliance, New FMI Board Members Connecting Broad Food Landscape. Impossible Foods has secured $200 million in its latest funding round, led by new investor Coatue. Impossible Foods will use the funds in part to expand its research and development programs; accelerate its manufacturing scaleup; increase its retail presence and its availability in key international markets; and accelerate commercialization and development of next-generation, plant-based products, such as Impossible Pork Made From Plants, milk, steak and other foods. Series G closely follows the launch of Impossible Sausage, the first all-new product from Impossible Foods since the 2016 launch of Impossible Burger. Dana Blankenhorn has been a financial and technology journalist since 1978. Bill Gates, Jay-Z, Katy Perry, Serena Williams, Jaden Smith and Trevor Noah have all chosen to invest in Impossible Foods stock. All rights reserved. The market for plant-based meat is expected to grow at 18% per year for the next five years, to $12 billion by 2025. Instead, the company that wants to revolutionize food is continuing to take big checks from celebrities and venture funds. Beyond Meat opened for trade this morning at $130. Thanks for your interest! Based on the stock market success of Beyond Foods (NASDAQ:BYND), Impossible’s main rival, we’re missing out on something special. The latest investment round also comes amid blistering demand for the company’s flagship product, the award-winning Impossible Burger, particularly in grocery stores. Our investors believe in our mission to transform the global food system – and they recognize an extraordinary economic opportunity.”. While we like to think of investors as being of one class, that’s no longer true. On the date of publication, Dana Blankenhorn did not have (either directly or indirectly) any positions in the securities mentioned in this article. He is the author of the environmental thriller Bridget O’Flynn and the Bear, available at the Amazon Kindle store. The company’s previous investment round – a $500 million “Series F” announced mid-March – was one of the largest investment rounds for a food tech startup and was oversubscribed due to excess demand from investors. CEO Patrick Brown has talked about structured meat as a goal but hasn’t announced any. The food-tech startup has raised about $1.5 billion since its founding in 2011. quotes delayed at least 15 minutes, all others at least 20 minutes. All rights reserved. After debuting at the 2020 Consumer Electronics Show in January, Impossible Sausage became available in more than 22,000 restaurants in just six months. “The use of animals to make food is the most destructive technology on Earth, a leading driver of climate change and the primary cause of a catastrophic global collapse of wildlife populations and biodiversity,” said Dr. Patrick O. Though Impossible Foods stock isn’t available to investors just yet, there are options for getting into the meat-free space. There’s no Impossible Steak, and Beyond Meat’s chicken product is still the equivalent of ground meat. 1125 N. Charles St, Baltimore, MD 21201. Source: Sundry Photography/Shutterstock.com. “2020 has been a year of explosive growth for us, but this is just the beginning,” said David Lee, CFO for Impossible Foods. Investors interested in buying Impossible Foods stock will have to wait as the firm focuses on rounds of private funding. These investors may include private investors, venture capital firms, or other investment vehicles. Impossible Meat’s innovation is soy leghemoglobin, which does the job of heme in making meat juicy and pink. Investors are looking to get a piece of Impossible Foods before it goes public, according to the Wall Street Journal. The main trick in both is getting the texture right, a little less coarse than ground hamburger. “We plan to create plant-based upgrades for every major category of animal-derived food products. Investors interested in buying Impossible Foods stock will have to wait as the firm focuses on rounds of private funding. Note: Impossible Foods's revenues are gauged from an analysis of company filings. CEO Patrick Brown insists he’s an idealist. 1125 N. Charles St, Baltimore, MD 21201. Date Investors Percent Raised Target Size; August 17, 2020: 8: 100%: In June, Impossible Foods debuted its direct-to-consumer e-commerce site with two-day delivery in the continental United States. When cooked medium-well, there’s almost no difference. Despite what individual companies may promise, there’s always the chance of losing a portion, or the entirety, of your investment. This investment will allow us to continue to develop and commercialize the technology that will enable that transformation.”. Scaling may solve the other big problem for plant-based meat, which is cost. Until there is an S-1 filing with the U.S. Securities and Exchange Commission, investors will have to content themselves with Kardashian-like arguments over process. An example is a recent letter from Lightlife attacking Impossible Foods for how many ingredients it has. Impossible Foods General Information Description. A week later, Starbucks launched the Impossible Breakfast Sandwich in all 15,000 Starbucks nationwide. Investing through equity and real estate crowdfunding or asset tokenization requires a high degree of risk tolerance. At least 75 percent of buyers report having tried Impossible Burger previously in restaurants, including Burger King, White Castle and Red Robin. Investor Activity Impossible Foods has actively raised capital from investors. The most recent price per share is $16.15. Competing companies are currently traded on public exchanges, and investors can also buy shares of companies that are profiting from partnerships with Impossible Foods.