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Technology Stocks : Impossible Foods and Beyond -- Ignore unavailable to you. Want to Upgrade?

To: Glenn Petersen who wrote (174)	3/17/2020 2:04:06 PM
From: zax	2 Recommendations Recommended By Glenn Petersen Ron Read Replies (1) \| Respond to of 249

Impossible Foods Lands Additional $500 Million In Funding -- MarketWatch 11:49 am ET March 16, 2020 Impossible Foods has secured another $500 million in funding, bringing its total haul to a whopping $1.284 billion. The Silicon Valley-based maker of plant-based meat and pork said the round is led by new investor Mirae Asset Global Investments, along with existing investors Khosla Ventures, Horizons Ventures, and Temasek Holdings. The funds will be used "to weather the current macroeconomic volatility related to COVID-19; invest in fundamental research and innovation; accelerate manufacturing scaleup; expand retail presence and availability in key international markets; and accelerate commercialization of next-generation products," Impossible said in a statement (https://www.businesswire.com/news/home/20200316005301/en/Impossible-Foods-Confirms-Approximately-500-Million-New)Monday. The 9-year-old Impossible Foods has been mentioned as an IPO candidate in 2020. Its rival, Beyond Meat Inc. (BYND), went public in May 2019. Beyond Meat has raised about $800 million in venture investment.