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Impossible Foods Raises $108 Million in New Funding

The plant-based meat and cheese company plans to release its first product next year.

Plant-based meat and dairy company Impossible Foods raised $108 million in its latest round of funding, with investors including Swiss bank UBS, Microsoft co-founder Bill Gates, Li Ka-shing’s Horizons Ventures, and Viking Global Investors. The four-year-old California-based company creates plant-based meats and cheeses that imitate the taste and texture of animal products by extracting proteins, fats, and nutrients from sources such as vegetables, grains, and legumes. Impossible Foods’ flagship product is the vegan cheeseburger, and the company plans for the hamburger patties to hit the market in 2016. Earlier this year, the company turned down a $300 million acquisition offer from Google and was ranked 42nd on CNBC’s Disruptor 50 List.

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Veganism Fueling Global Demand for Coconut Milk

The coconut milk industry is expected to boom as the world population continues to steer clear of cow's milk.
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Abused-Animal Sanctuary in Mississippi Gets a Facelift

Newly reimagined Hope Animal Sanctuary features 20 tiny houses that serve as comfortable habitats for rescued animals.
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Utah Mayor Goes Vegan to Set Example for Citizens

Park City Mayor Andy Beerman will not consume animal products for 10 days—and possibly beyond—to show city residents that plant-based eating is easy.
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UK Makeup Guru Says Vegan is "The Right Thing to Do"

Jessica Rose urges makeup artists to use only vegan products to avoid supporting animal exploitation for vanity's sake.
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Karlie Kloss Touts Beyond Burger as the Future of Meat

The Victoria's Secret supermodel—and founder of female empowerment brand Kode with Klossy—visits Beyond Meat's California production facility and chats with Top Chef winner Brooke Williamson about the revolutionary plant-based patty.
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This Week on VegNews TV: The secret to these delightful sweet treats is white beans! Aylin Erman shows you how to make these simple blondies.

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