BYND stock opened Sept. 4 with a market capitalization of $7.6 billion, on just $210 million in sales for the first half of 2020. Aug 14, 2020 - Economy & Business Impossible Foods raises $200 million at estimated $4 billion valuation Picard, Imperfect Foods' business is booming during the pandemic, See Burger King's new three-lane (yes, 3!) Impossible Foods, the popular plant-based protein startup, has secured about half a billion dollars in fresh funding. Prime Unicorn Index estimates the new valuation at about $4 billion. Updated 1040 GMT (1840 HKT) March 17, 2020. drive-thru design, This small business stood for a century, but Covid-19 closed it in months, McDonald's sales plummet in dismal quarter, Cheez-It releases limited-edition box with wine pairing, CEO fears Japan could lose a fifth of its restaurants, How beer delivery saved this Seattle pizza chain, There's a pork shortage, and Impossible Foods is launching plant-based sausage. The big picture: The funding comes just months after the company raised $500 million in March. All rights reserved. Impossible Foods has a post-money valuation in the range of $1B to $10B as of Aug 13, 2020, according to PrivCo. Impossible is already available in other Asian markets, such as Hong Kong and Singapore. "The market has its ups and downs, but the global demand for food is always there," Brown added in the statement. That looks to be a year away. Disclaimer. Impossible said Tuesday that it would use the new funds to invest in several areas, including research and development, manufacturing and its business overseas. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. Impossible Foods, a Silicon Valley company known for its plant-based meat alternatives, has raised $200 million in Series G funding led by Coatue, with XN, Mirae Asset Global Investments and Temasek also participating. Unveiling a diverse group of advisers also may draw attention away from a selection of Deese to run the National Economic Council. Factset: FactSet Research Systems Inc.2018. The cash came from heavyweight Asia investors, a hint at Impossible… Manhattan Street Capital, best known for its Reg A+ securities offerings, is pitching shares in Impossible Foods, a competitor to Beyond Meat (NASDAQ:BYND). All rights reserved. Photo: Joshua Lott for The Washington Post via Getty Images. Rahm Emanuel. Morningstar: Copyright 2018 Morningstar, Inc. All Rights Reserved. As … Reuters reported in November that Impossible was looking to raise between $300 and $400 million, which could have doubled its then valuation of $2 billion. Rahm Emanuel floated for Transportation secretary, Biden turns to experienced hands for White House economic team. The influx of new capital comes as the Silicon Valley startup plans to expand further internationally, particularly in mainland China. Joe Biden plans to announce Cecilia Rouse and Brian Deese as part of his economic team and Neera Tanden to head the Office of Management and Budget, sources tell Axios. "With this latest round of fundraising, Impossible Foods has the resources to accelerate growth — and continue to thrive in a volatile macroeconomic environment, including the current Covid-19 pandemic," chief financial officer David Lee said in the company's statement. Sign up for a free trial to view exact valuation and search companies with similar valuations. The latest funding for the popular plant-based protein startup mostly came from heavyweight investors in Asia, where Impossible has. Most stock quote data provided by BATS. A potential valuation of $4 billion … President-elect Biden is strongly considering Rahm Emanuel to run the Department of Transportation, weighing the former Chicago mayor’s experience on infrastructure spending against concerns from progressives over his policing record. All content of the Dow Jones branded indices Copyright S&P Dow Jones Indices LLC 2018 and/or its affiliates. The company named the country "a huge priority" before the coronavirus pandemic hit. A spokesperson for the company said at the time that while it did not have a specific timeline for a launch in mainland China, it was looking for partners that could help it enter the market. That's good for this company, Uber Eats' new ad pits Luke Skywalker against Capt. Khosla Ventures, the Silicon Valley firm founded by Indian-born tech mogul Vinod Khosla, also participated in the round. All times are ET. Last November, Impossible Foods CEO Patrick Brown traveled to Shanghai to drum up excitement for the company's debut in China, handing out free Impossible Burger samples at a major trade show. Impossible Foods now makes plant-based pork, Why the world's largest ice cream company is betting on home delivery, Internet mocks McDonald's new meatless burger, This company is giving away bacon-scented face masks, People are brewing fancier coffee at home. Why it matters: The DOT could effectively become the new Commerce Department, as infrastructure spending, smart cities construction and the rollout of drone-delivery programs take on increasing economic weight.