Impossible Foods raised $500 million—in part to fight volatility related to the coronavirus pandemic
Coronavirus Fears Temporarily Shut Some Brewery Taprooms; Others Get Creative To Comfort Scared Customers
They now include the South Korean firm Mirae Asset Global Investments, which led the latest round along with existing funds including Khosla, Horizons Ventures, and Temasek. It also included several new celebrities, like Mindy Kailing and Peter Jackson, who join a long roster of high-profile backers such as Serena Williams and Jay Z.
The shock to global markets comes as Impossible has been planning to launch in more international markets and as demand has increased dramatically across accounts in the past year, according to Lee. He said the new capital will be deployed across the business “so we have the balance sheet to focus on the long haul.”The company did not disclose the terms of the deal, including Impossible’s overall valuation.
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