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Impossible Foods is a cutting-edge FoodTech company - Impossible Foods - based in Redwood City, California. The company began in 2011 with an ambitious
goal: To drastically reduce humanity’s destructive impact on the global environment by completely replacing the use of animals as a food production technology. They observe animal products at the molecular level, and selects specific proteins and nutrients from greens, seeds, and grains to recreate meats and dairy products, while still delivering the texture and aroma of conventional beef.
Today’s Impossible Burger requires approximately 75% less water and 95% less land, and generates about 87% lower greenhouse gas emissions than a conventional burger from cows, and is produced without using hormones or antibiotics and contains no cholesterol.
The company raised $300 million of Series E1 venture funding in a deal led by Horizons Ventures and Temasek Holdings on May 2019, at a pre-money valuation of US$1.7 Billion. The company intends to use the capital to accelerate scaleup, including hiring and capacity expansion at its plant in Oakland.
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