Funding round
Impossible Foods Series E
Impossible Foods, which works in plant-based meat alternative manufacturing in Ashburn, raised $300M in a Series E round announced on 14 May 2019, led by Temasek and Horizons Ventures. 2 firms took part, 2 of them already investors, with 15 individual investors. It is Impossible Foods' third venture round on record; the one before was a Series D in Oct 2015.
$300M
Amount raised
Not disclosed
Post-money valuation
2
Investors
2 leads
Valuation
What this round says about the price
Impossible Foods did not disclose a valuation in this round. It came 43 months after Impossible Foods' Series D. It is 18% of the $1.65B Impossible Foods has raised in the venture rounds on record. Impossible Foods raised again 10 months later: a Series F round of $500M in Mar 2020. Its next priced round, a Series G in Aug 2020, valued it at $3.60B.
Impossible Foods' funding rounds
Impossible Foods has 6 venture rounds on record and 1 other deal. This one is highlighted.
- Series C 27 Jun 2014 $40M
- Series D 6 Oct 2015, led by UBS $108M
- Debt not a venture round 3 Apr 2018, led by Temasek and Sailing Capital $114M
- Series E this round 14 May 2019, led by Temasek and Horizons Ventures $300M
- Series F 15 Mar 2020, led by Mirae Asset Global Investments $500M
- Series G 13 Aug 2020, led by Coatue $200M$3.60B post-money
- Growth 22 Nov 2021, led by Mirae Asset Global Investments $500M$7.00B post-money
Investors
Who put money in
Temasek and Horizons Ventures led the round. Temasek and Horizons Ventures had backed Impossible Foods before.
Lead investors
- Temasek backs 195 venture-backed companies existing investor
- backs 97 venture-backed companies existing investor
Individual investors: Jay Brown, Kirk Cousins, Paul George, JAY-Z, Trevor Noah, Alexis Ohanian, Kal Penn, Katy Perry, Questlove, Ruby Rose, Phil Rosenthal, Jaden Smith, Serena Williams, will.i.am and Zedd.
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Hiring
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
The closest in time: Series E rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| GetYourGuide Travel Agencies | 16 May 2019 | $484M | not disclosed | SoftBank Vision Fund |
| Carta Tech Companies | 6 May 2019 | $300M | $1.70B | Andreessen Horowitz |
| Tech Companies | 20 May 2019 | $103M | $1.00B | Sapphire Ventures |
| Tech Companies | 14 May 2019 | $90M | not disclosed | One Peak and Goldman Sachs |
| Tech Companies | 7 May 2019 | $75M | not disclosed | Sapphire Ventures and Lightspeed Venture Partners |
| Noom Nutritionists & Weight Loss Specialists | 6 May 2019 | $58M | not disclosed | Sequoia Capital |
| Groceries Delivery | 21 May 2019 | $30M | not disclosed | PivotNorth Capital |
| Tech Companies | 20 May 2019 | $29M | not disclosed | Tola Capital |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did Impossible Foods raise in its Series E round?
Impossible Foods raised $300M in its Series E round, announced in May 2019.
Who led Impossible Foods' Series E round?
Temasek and Horizons Ventures led it.
What was Impossible Foods' valuation at the Series E round?
It was not disclosed.
Did Impossible Foods raise again after this round?
Yes: a Series F round in Mar 2020 of $500M.