FOOD & BEVERAGE, MARKETS & INVESTING | Staff Reporter, Singapore

Temasek leads US$75m investment round in meatless burger maker

This marks the first time Temasek invested in a California-based business.

DealStreet Asia reported Singapore's state-owned Temasek Holdings led the US$75m funding round in California-based Impossible Foods, the maker of meatless burgers.

Open Philanthropy Project, Bill Gates, Khosla Ventures and Horizon Ventures will also contribute to the round.

The company, however, did not disclose further details of the funding. Based in Redwood City, California, Impossible Foods makes meat and dairy products directly from plants — with a much smaller environmental footprint than those produced from animals.

The company claims to be using modern science and technology to create wholesome food, restore natural ecosystems and feed a growing population sustainably.

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