Field Notes, powered by KPMG, is a weekly news update on news nationally and globally from the agri-food sector.
In their series F funding round, Impossible Foods have raised a further USD$500m (approx. NZD$840,000), from both new and existing investors to bring their total funding just below USD$1.3 billion (approx. NZD$2.2 billion) since 2011. A new investor Mirae Asset Global Investments led the funding round, with participation from several other investors. The company’s founder and CEO Pat Brown states that the money will support several functions including research and innovation, retail presence, and the commercialisation of new products. Impossible Foods is aiming to double production every year for the next 15 years, to achieve their 2035 mission of replacing animal food production and transforming the global food system.
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