As a further sign of its increasing popularity, Impossible Foods revealed on Monday that it had just raised $300 million in the latest round of funding.
The growing demand for, and supply of, plant-based meats could help curb the huge carbon footprint of modern beef production.
Pat Brown is the 64-year-old CEO of Impossible Foods - a Silicon Valley startup that is already estimated to be worth $2 billion and is now backed by the likes of Serena Williams, Katy Perry, Bill Gates and Google.
This fundraising came not long after Impossible Foods announced a distribution tie-up with Burger King in the United States and only weeks after one of its rivals, Beyond Meat, floated on the stock market. Enter, Impossible Foods, a vegan startup that's making meatless burgers a little less impossible. We all know that some of the foods we grow and eat have impact on the environment.
The ﬁfth equity funding round since Impossible Foods was launched in 2011 is meant to accelerate the company's rapid scaleup - including accelerated hiring and capacity expansion at the company's plant in Oakland, California.
According to the firm, the latest funding round comes amidst unprecedented demand for its ﬂagship product, the plant-based Impossible Burger, which debuted in 2016.
Daniel Craig Ankle Injury Suspends "Bond 25" Filming
It's not yet known whether Craig has fractured, broken or bruised his ankle. " Bond 25 " is set to premiere in April 2020. Along with Daniel, the recurring cast includes Jeffrey Wright, Ben Wishaw, Ralph Fiennes and Naomie Harris.
Brown launched Impossible Foods back in 2011 after giving up his dream job at the Stanford University School of Medicine where he had worked as a professor of biochemistry for two decades.
In the statement, Impossible Foods chief financial officer David Lee said the team has "cracked the molecular code for meat and built an industry-leading intellectual property portfolio and brand". "Our global ﬁnancial partners are supporting a technology powerhouse that will transform the global food system". It plans to launch the Impossible Burger in retail outlets later this year.
Even more celebrities like Philly's own Questlove of The Roots has jumped on the Impossible Foods bandwagon with the launch of "Questlove's Cheesesteak".
The startup's sales in Asia, including Singapore, have risen more than three-fold since March 2019. Sales across the continent are rising, according to the company, in restaurants across Hong Kong, Singapore and Macau.
"The burgers "bleed, ' with Impossible using 'heme" - a protein created by its scientists through genetic engineering and yeast fermentation - and Beyond Meat using beetroot juice", writes Emiko Terazono for Financial Times.
"Sales of plant-based products grew by more than 17% a year ago, according to Nielsen, while other grocery products only grew by 2%", CNBC's Aditi Roy reports.
If you're not happy with the way " Game of Thrones " is ending and you're a " Star Wars " fan, well, step away from the computer. As for Rian Johnson's new trilogy, there has been no confirmation as to when those films may be slated for release.
West Brom won 1-0 on the night at the Hawthorns to level the tie at 2-2 on aggregate thanks to Craig Dawson's first half header. Villa, relegated in 2016, will hope to avoid a repeat of previous year when they lost to Fulham in the playoff final.
Kraft's attorneys are expected to file a motion to dismiss the case based on a lack of evidence, ESPN's T.J. National Football League officials have said they are watching the case, but have not disciplined Kraft.
Democrats and abortion advocates fear that the law would drive abortions underground, endangering the lives of women. Kay Ivey has not said whether she will sign it, and said she was waiting for a final version of the bill.
Muslim residents in parts of the country's North Western Province accused the police and army of standing by while mobs attacked. The Islamic State group claimed responsibility for the attacks, which were carried out by radicalised local Muslims.
Vescovo undertook his dive alone in a submersible called the DSV Limiting Factor created to withstand extreme pressures. According to the United Nations , there is an estimated 100 million tonnes of plastic waste in the world's oceans.
Harry was also out and about on Tuesday, taking a tour of Oxford, where he said he can not imagine life without son Archie . Several senior royals , including his father Prince Charles and brother Prince William , are due to meet Archie this week.
Vijay Singh withdraws from PGA Championship
Open at Torrey Pines, which Woods played on shredded ligaments in his left knee and a double stress fracture in the leg. Outside of Tiger, Reed is the best all-around player on this list. "He got his [injury] fixed for some reason".
ITV axes Jeremy Kyle Show after death of participant
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Iran: Suspect sentenced to 10 years for spying for Britain
Iran is already holding British-Iranian national Nazanin Zaghari-Ratcliffe, who is in jail in Tehran for alleged sedition. British council employee Aras Amiri, a 32-year-old Iranian national, was arrested in March last year in Iran.
Red Dead Redemption 2 coming to PC, new evidence found
This obviously hints at a PC release for this latest Rockstar game , though 2K Games has not announced anything yet. Red Dead Redemption 2 shipped 17 million copies right at launch , with a further six million coming by November.
HTC Exodus 1s Places Blockchain On A Tight Budget
Though the specification hasn't yet been released for the device, the retail price is touted to be between $250 and $300. Moreover, it will ship with an extra SD card, in order to better support the phone's blockchain capabilities.
Giuliani Cancels Trip to Ukraine; Biden's Camp Responds
Trump had told Politico earlier Friday that the trip could have been a "big situation" for the former vice president. In the Fox News interview, Giuliani said he won't go to Ukraine , "in order to remove any political suggestion".
Stock sell-off hits Asia as China strikes back
The increase in tariffs announced in Beijing on Monday includes commodities like soybeans, putting pressure on USA farmers. The red portion on US tariff levels represents new tariffs that President Trump already put into place in 2018.