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Impossible Foods
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Short description

Developer of plant-based substances for the creation of meat replacement products

Founded in 2011
Founded in

Company type Private Public ()
Company type

Industry Group agriculture & food

Sector alternative proteins

TRL Range 9
TRL 1 Basic research
TRL 2 Technology formulation
TRL 3 Applied research
TRL 4 Small scale prototype
TRL 5 Large scale prototype
TRL 6 Prototype system
TRL 7 Demonstration system
TRL 8 First of a kind commercial system
TRL 9 Full commercial application
TRL Range

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Headquarters Redwood City, CA Redwood City, United States
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Updated by Cleantech Group on 11/02/2022

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Date Company
Partnerships
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Date Partner Type
07/31/2019
OSI Group OSI Group
OSI Group will help Impossible Foods meet demand by helping to manufacturing its products
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Confirmed by OSI Group
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IPO INFORMATION

Date

04/08/2021

IPO status

Speculated

IPO Type

IPO

Amount

$10B

Initial shares

Ticker symbol

Exchange listed

Prospectus URL

Prospectus

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Description

Impossible Foods is preparing to go public through a listing that could value the plant-based meat company at $10 billion or more. The company would get on the markets in the next year either through a traditional initial public offering or a merger with a special purpose acquisition company (SPAC).

Date Investors Type Amount
11/23/2021 Mirae Asset Financial Group Mirae Asset Financial Group (1)
Post-money valuation of
Impossible will use the money to continue its retail expansion – including in new international markets – and to further build out its technology platform, product portfolio, and supply chain capabilities.
Growth Equity $500,000,000
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Products
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Product image Name Product status Revenue model Cost metrics

Impossible Beef

Impossible Foods’ flagship ground beef product, Impossible™ Beef. In March 2023, the company also debuted Impossible™ Beef Lite as a leaner version of its core ground beef product with 75% less saturated fat as well as 45% less total fat than lean animal beef.

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