National

Impossible Foods, a Silicon Valley company known for its plant-based meat alternatives, has raised $200 million in Series G funding led by Coatue, with XN, Mirae Asset Global Investments and Temasek also participating.

 The big picture: The funding comes just months after the company raised $500 million in March. Prime Unicorn Index estimates the new valuation at about $4 billion.

Impossible Foods raises $200 million at estimated $4 billion valuation

Business

Venture capital

Impossible Foods, a Silicon Valley company known for its plant-based meat alternatives, has raised $200 million in Series G funding led by Coatue, with XN, Mirae Asset Global Investments and Temasek also participating. The big picture: The funding comes just months after the company raised $500 million in March. Prime Unicorn Index estimates the new valuation at about $4 billion.

After a record economic expansion, the coronavirus pandemic sent the U.S. economy into a recession as unemployment soared to staggering heights. The country now faces urgent questions about how much stimulus is needed for reeling consumers and businesses, and what a recovery might look like.

Impossible Foods raises $200 million at estimated $4 billion valuation

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