A veggie cheeseburger startup that Google tried to buy just raised $108 million
The startup is working to develop a plant-based cheeseburger.
Impossible Foods' goal is to make a burger that looks like a ground beef burger with cheese, and tastes like one, but is made out of plants instead of meat.
Impossible Foods is just one of several startups trying to reimagine the traditional burger with more affordable and sustainable plant-based alternatives.
Beyond Meat, which also sells a chicken substitute, is funded by Bill Gates and Twitter co-founders Evan Williams and Biz Stone. Brooklyn-based startup Modern Meadow grows fish, poultry, meat and leather in its labs from muscle cells.
Google reportedly made a bid to acquire for Impossible Foods, though it never came to fruition. Google offered between $200 million and $300 million, according to a report, but the two companies couldn't agree on a selling price.
Impossible Foods founder Dr. Patrick Brown, a former biochemistry professor at Stanford, previously founded a startup called Kite Hill, which uses almond milk and macadamia milk to create vegan artisan cheeses.
Previously, Impossible Foods reportedly raised $74 million in funding from Bill Gates, Khosla Ventures, and Google exec Tony Fadell. The new funding comes from a number of investors including Khosla, UBS, Viking Global Investors, Gates, and Horizons Ventures.
A laid-off Microsoft software engineer on an H1-B visa said she wonders 'where will I be living' with just 60 days to find a new job
Mark Zuckerberg just ushered in a new era of tech, where profitability and efficiency trump perks and culture
A Google engineer found out she had been laid off while she was on vacation when her boss sent her a LinkedIn message
A young boy who thought his uncle’s scrapyard was heaven, now builds an online kabadiwala biz
India's share in global oil demand expected to rise to 11%, gas to 500%: PM
Bike Bazaar raises $10 million in series D funding round from German investment firm DEG
Coke Studio India returns as Coke Studio Bharat - a look at the artists & line-up
SRI-Bangalore engineers contribute to key innovations in Samsung Galaxy S23 series