Funding round
Impossible Foods Series G
Impossible Foods, which works in plant-based meat alternative manufacturing in Ashburn, raised $200M in a Series G round announced on 13 Aug 2020, led by Coatue, at a $3.60B post-money valuation. 4 firms took part, 2 of them already investors, with 18 individual investors. It is Impossible Foods' fifth venture round on record; the one before was a Series F in Mar 2020.
$200M
Amount raised
$3.60B
Post-money valuation
$3.40B pre-money
4
Investors
1 lead
5.6%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Impossible Foods at $3.60B after the new money. The $200M bought investors about 5.6% of the company. It came 5 months after Impossible Foods' Series F. It is 12% of the $1.65B Impossible Foods has raised in the venture rounds on record. Impossible Foods raised again 15 months later: a Growth round of $500M in Nov 2021, at $7.00B 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 15 Mar 2020, led by Mirae Asset Global Investments $500M
- Series G this round 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
Coatue led the round with 3 other firms. Mirae Asset Global Investments and Temasek had backed Impossible Foods before.
Lead investor
- Coatue backs 229 venture-backed companies new investor
Also in the round
- Mirae Asset Global Investments existing investor
- Temasek backs 195 venture-backed companies existing investor
- XN new 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, scaling operations and working capital.
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
The closest in time: Series G rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| AppDirect Tech Companies | 16 Sep 2020 | $185M | $1.50B | La Caisse |
| Tech Companies | 9 Jun 2020 | $100M | not disclosed | Perceptive Advisors and Northpond Ventures |
| Chemicals | 18 May 2020 | $107M | not disclosed | not named |
| Medical Supply Manufacturers | 1 Dec 2020 | $226M | $1.50B | not named |
| DailyHunt Tech Companies | 30 Apr 2020 | $35M | $625M | Lupa Systems |
| Yuanfudao Learning, Tutoring & Courses | 31 Mar 2020 | $1.00B | $7.80B | Hillhouse and Tencent |
| Databricks Tech Companies | 1 Feb 2021 | $1.00B | $28.00B | Franklin Templeton |
| Stash Investment Consultants & Financial Advisors | 3 Feb 2021 | $125M | $1.40B | Eldridge |
Sources
Where this comes from
Reported by 5 sources.
Questions
Frequently asked
How much did Impossible Foods raise in its Series G round?
Impossible Foods raised $200M in its Series G round, announced in Aug 2020.
Who led Impossible Foods' Series G round?
Coatue led it, with Mirae Asset Global Investments, Temasek and XN.
What was Impossible Foods' valuation at the Series G round?
$3.60B post-money ($3.40B pre-money).
Did Impossible Foods raise again after this round?
Yes: a Growth round in Nov 2021 of $500M at $7.00B post-money.