By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
BeFirsTrankBeFirsTrank
  • Home
  • Car Reviews
  • Auto Shows
  • Bike Reviews
  • Future
  • New Car
  • Used Car
  • Contact Us !
Reading: Bill Gates Joins $108 Million Round in Impossible Foods
Share
Aa
Aa
BeFirsTrankBeFirsTrank
  • Home
  • Car Reviews
  • Auto Shows
  • Bike Reviews
  • Future
  • New Car
  • Used Car
  • Contact Us !
Search
  • Home
  • Car Reviews
  • Auto Shows
  • Bike Reviews
  • Future
  • New Car
  • Used Car
  • Contact Us !
Have an existing account? Sign In
Follow US
© 2023 BeFirsTrank News Network
Uncategorized

Bill Gates Joins $108 Million Round in Impossible Foods

anik
Last updated: 2015/11/17 at 2:36 PM
By anik 2 Min Read
Share
SHARE

Microsoft co-founder Bill Gates and Hong Kong tycoon Li Ka-shing are among a group of investors with an appetite for food investments.

Impossible Foods, Inc. has raised $108 million in a Series D round led by UBS that was joined by Viking Global Investors, among others. Earlier investors, including Li Ka-shing’s Horizons Ventures, Khosla Ventures and Mr. Gates also participated, the company said.

Founded in 2011 by Stanford University biochemist Patrick O. Brown, Impossible Foods is creating plant-based foods that it says taste like meat or dairy equivalents but use fewer resources, agriculturally and environmentally speaking, to produce.

In Horizons Ventures, Impossible Foods shares an investor with Modern Meadow, another food startup that also aims to produce meat-equivalent products.

But rather than using plants and biochemistry to develop its products, Modern Meadowuses bioengineering to essentially brew animal cells in the lab to make leathers and steak chips.

“Both companies are trying to bring great food to the world’s table through technology that is much more environmentally friendly and effective in terms of ‘real cost’ to the world,” said Horizons Ventures’s Solina Chau.

But investors see the companies as noncompetitive, namely because the science that they are using to develop and manufacture their products is so distinct.

Horizons Ventures and Khosla Ventures have both invested in Hampton Creek, the makers of Just Mayo and other foods that aim to displace egg-based products with plant-based equivalents.

“If the global population projection of 9.6 billion mouths to feed by 2050 is on the mark, the market will definitely be big enough to embrace the products of Impossible Foods and Modern Meadow,” said Ms. Chau.

[“source-wsj”]

You Might Also Like

Tattoos May Up Risk of Mental Health Problems and Sleep Disorders: 4 Sleep-Inducing Foods

How art restorers uncover hidden details in artworks

5 Serving Bowl Options To Add To Your Kitchen

Thousands of Salvadorans protest against corruption, growing authoritarianism

Used car market to be twice as big as new car segment by FY2025

TAGGED: Bill Gates Joins $108 Million, Round in Impossible Foods
anik November 17, 2015
Share
Previous Article Ohlin’s Celebrates Century Mark Saturday, Oct. 17
Next Article History Hackathon – a collaborative happening

Calendar

May 2023
M T W T F S S
1234567
891011121314
15161718192021
22232425262728
293031  
« Apr    

Latest Trending News

  • Why Use BMW Km Stopper? April 28, 2023
  • Strategies to Attract Qualified Truck Drivers and Retain Them Long-Term March 28, 2023
  • Rent a McLaren for Your Next Luxury Trip March 2, 2023
  • Qualities of Handicap Vehicles For Sale December 10, 2022
  • Characteristics of Electric Road Bikes October 13, 2022
  • The Advantages of Digital Marketing October 12, 2022
  • U.S. State CIOs Pursuing Faster Digital Transformation July 28, 2022

© 2023 Befirstrank News Network. All Rights Reserved.

Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?