News
FOOD & BEVERAGE | , Singapore
view(s)

Temasek joins Impossible Foods' US$300m Series E funding round

The startup’s sales in Asia, including Singapore, have risen more than three-fold since March 2019.

California-based foodtech startup Impossible Foods raised US$300m in its Series E funding round led by Temasek Holdings and Horizons Ventures, an announcement revealed. In total, the startup has raised more than US$750m.

In addition to blue-chip institutional investors, the Series E round included celebrity investors like Jay Brown, Paul George, Jay-Z, Serena Williams, and Katy Perry.

According to the firm, the latest funding round comes amidst unprecedented demand for its flagship product, the plant-based Impossible Burger, which debuted in 2016.

Since launching in Singapore in March 2019, sales in Asia have increased more than threefold as it benefited from strong sales from a wide range of restaurants and cuisines in Hong Kong and Macau.

Impossible Foods plans to launch the Impossible Burger in retail outlets later this year.

Do you know more about this story? Contact us anonymously through this link.

Click here to learn about advertising, content sponsorship, events & rountables, custom media solutions, whitepaper writing, sales leads or eDM opportunities with us.

To get a media kit and information on advertising or sponsoring click here.