In a recent feature, media outlet Forbes explored the motivation behind financial interest in plant-based company Impossible Foods. Earlier this month, the company—maker of the popular Impossible Burger—raised $75 million in funding from several major firms and individuals, including Singapore-based Temasek. The brand also received an early stage investment of $108 million in 2015 from a group of investors, including Asia’s richest man, Li Ka-Shing. “We look for opportunities to support growth across our portfolio,” Temasek Associate Director of Public Affairs Paul Ewing-Chow said. “This includes technology pioneers and disruptors, and in the case of Impossible Foods … food security.” Current predictions by the United Nations place the world population at more than 9 billion by 2050, and several companies are tackling the impending food shortage by developing both plant-based and “clean” meat (or “cultured” meat grown from a small number of animal cells in a lab setting) solutions to replace the unsustainable practice of animal agriculture. Earlier this week, Richard Branson—a new investor in clean-meat company Memphis Meats—said that in 30 years, the world would consume an entirely plant-based and clean-meat diet.
Love the plant-based lifestyle as much as we do?
Get the BEST vegan recipes, travel, celebrity interviews, product picks, and so much more inside every issue of VegNews Magazine. Find out why VegNews is the world’s #1 plant-based magazine by subscribing today!