Impossible Foods, Inc., which is creating meat and dairy foods directly from simple plant ingredients, announced Tuesday that it has raised $108 million in Series D financing, led by UBS and with participation from Viking Global Investors and others.
Earlier round investors, including Horizons Ventures, Khosla Ventures and Bill Gates, also participated.
"This latest financing ensures that we have more than enough runway to bring our first products to market," said Patrick O. Brown, M.D., Ph.D., founder and CEO of Impossible Foods. "We are grateful to our visionary investors, whose support will enable us to transform the global food system by providing consumers with delicious and sustainable meat and dairy foods made directly from plants."
Samir Kaul, partner at Khosla Ventures, said, "To achieve a sustainable future, we need to further invest in companies like Impossible Foods that minimize the environmental impact of our food system through innovation without compromising taste."