Impossible Foods announced today that it has secured approximately $500 million in its latest funding round, led by existing investor Mirae Asset Global Investments with participation from other existing Impossible Foods investors.

The company has now raised close to $2 billion since its founding in 2011, helping fuel its blockbuster growth from a stealth R&D startup to pioneers of a new food category - meat made from plants that competes head-to-head with meat made from animals, with a dramatic reduction in greenhouse gas emissions. Impossible Foods' previous investment rounds included a $500 million round in March 2020 which was also led by Mirae Asset Global Investments, followed by an additional $200 million round in August of 2020 led by Coatue.

Impossible Foods makes delicious, nutritious meat and dairy products from plants - with a much smaller environmental footprint than meat from animals. The privately held food tech startup was founded in 2011 by Patrick O. Brown, M.D., Ph.D., professor emeritus of biochemistry at Stanford University and a former Howard Hughes Medical Institute investigator.