Funding round
Impossible Foods Series F
Impossible Foods, which works in plant-based meat alternative manufacturing in Ashburn, raised $500M in a Series F round announced on 15 Mar 2020, led by Mirae Asset Global Investments. 4 firms took part, 3 of them already investors, with 18 individual investors. It is Impossible Foods' fourth venture round on record; the one before was a Series E in May 2019.
$500M
Amount raised
Not disclosed
Post-money valuation
4
Investors
1 lead
Valuation
What this round says about the price
Impossible Foods did not disclose a valuation in this round. It came 10 months after Impossible Foods' Series E. It is 30% of the $1.65B Impossible Foods has raised in the venture rounds on record. Impossible Foods raised again 5 months later: a Series G round of $200M in Aug 2020, at $3.60B post-money.
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 14 May 2019, led by Temasek and Horizons Ventures $300M
- Series F this round 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
Mirae Asset Global Investments led the round with 3 other firms. Khosla Ventures, Horizons Ventures and Temasek had backed Impossible Foods before.
Lead investor
- Mirae Asset Global Investments new investor
Also in the round
- Khosla Ventures backs 396 venture-backed companies existing investor
- backs 97 venture-backed companies existing investor
- Temasek backs 195 venture-backed companies existing investor
Individual investors: 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.
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, sales and marketing and scaling operations.
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
Comparable rounds
How it compares
The closest in time: Series F rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Insightec Medical Supply Manufacturers | 6 Mar 2020 | $150M | $1.30B | Koch Disruptive Technologies |
| Collibra Tech Companies | 2 Apr 2020 | $113M | $2.36B | ICONIQ Capital and Index Ventures |
| Stash Investment Consultants & Financial Advisors | 29 Apr 2020 | $112M | $800M | LendingTree |
| Furniture Stores | 1 Feb 2020 | $40M | $462M | Pidilite Industries |
| Tech Companies | 20 May 2020 | $75M | $452M | Warburg Pincus |
| Tech Companies | 14 Jul 2020 | $120M | $1.92B | Salesforce Ventures |
| Bluevine Banks & ATMs | 19 Nov 2019 | $103M | not disclosed | ION Asset Management |
| OYO Hotels | 7 Oct 2019 | $1.50B | $10.00B | SoftBank and Lightspeed Venture Partners |
Sources
Where this comes from
Reported by 8 sources.
Questions
Frequently asked
How much did Impossible Foods raise in its Series F round?
Impossible Foods raised $500M in its Series F round, announced in Mar 2020.
Who led Impossible Foods' Series F round?
Mirae Asset Global Investments led it, with Khosla Ventures, Horizons Ventures and Temasek.
What was Impossible Foods' valuation at the Series F round?
It was not disclosed.
Did Impossible Foods raise again after this round?
Yes: a Series G round in Aug 2020 of $200M at $3.60B post-money.