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Impossible Foods

Consumer & E-commerce
Impossible Foods is a Redwood City, California-based food technology company that makes plant-based meat alternatives, most notably the Impossible Burger, designed to closely mimic the taste of real beef.
$582M
-$11.27
84.88%
30 days ago
$13.28
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Impossible Foods was founded in 2011 by Patrick Brown, a Stanford biochemistry professor, pursuing plant-based meat alternatives specifically engineered to closely replicate the taste, texture, and even the appearance of cooking real meat, distinguishing the company's scientific approach from earlier generations of plant-based meat substitutes that had generally prioritized health or nutritional positioning over closely replicating meat's specific sensory characteristics. The company's signature technological innovation is "heme," an iron-containing molecule that Impossible Foods identified as a key contributor to meat's distinctive taste and aroma, particularly the way meat browns and develops flavor when cooked, and which the company produces using genetically engineered yeast rather than extracting it from animals, a process that lets Impossible Foods incorporate heme into its plant-based products at a commercially viable scale and cost. Impossible Foods has expanded its product lineup beyond its original ground beef alternative into other plant-based meat categories including sausage, chicken nuggets, and other formats, while competing directly against Beyond Meat, its most prominent rival in the plant-based meat alternative category, as the broader plant-based meat market has faced a period of softening consumer demand and slowing growth in subsequent years following its earlier period of rapid expansion and significant media attention. Impossible Foods has raised very substantial venture funding from investors including Khosla Ventures and Temasek, reaching a valuation exceeding $7 billion at its peak.
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