Pioneering plant-based meat maker Impossible Foods’ latest funding round raised about $500 million for the company, Reuters reported. The series F funding round was led by South Korea’s Mirae Asset Global Investments. Other investors in the funding round, which brings the total Impossible Foods has raised to $1.3 billion, included Khosla Ventures, Horizon Ventures, and Temasek.

Also this week, Reuters reported that the company is exploring a new credit line to help it deal with the impact of the coronavirus outbreak and economic downturn, which it expects to take a toll on its business.

Reuters article

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