Hong Kong (CNN Business)Impossible Foods has secured about half a billion dollars in fresh funding, despite the global economic turmoil triggered by the coronavirus pandemic.
The latest funding for the popular plant-based protein startup mostly came from heavyweight investors in Asia, where Impossible has ambitions to grow. South Korea’s Mirae Asset Global Investments joined as a new backer, and existing investors including Hong Kong’s Horizons Ventures and Singapore’s Temasek also committed more cash.
Khosla Ventures, the Silicon Valley firm founded by Indian-born tech mogul Vinod Khosla, also participated in the round. In total, the nine-year old company has now raised almost $1.3 billion. The company is now valued at roughly $4 billion, according to Reuters. Impossible did not immediately respond to a request for…
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