Coatue Leads $200 Million Funding Round for Impossible Foods (2)

Plant-based meat producer Impossible Foods Inc. said it raised $200 million in its latest funding round, bringing the total investment raised by the company to nearly $1.5 billion.

The new investment will be used for research, product development, international operations and other core functions, the company said in a statement. New investor Coatue Management LLC led the round, and Mirae Asset Global Investments, Temasek Holdings Pte and XN Capital also participated.

The funding round comes as Impossible Foods and its competitors aggressively push into supermarkets as the pandemic disrupts meat supply chains and shutters restaurants. This has driven ...