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Impossible Foods raises a juicy $75 million for its meatless burgers

Big investors and big ticket sizes are matching the big “alternative protein” opportunity as growing incomes and populations drive demand for protein.

With the meat industry contributing nearly one-fifth of global greenhouse gases, there’s a rush on for less resource-intensive, healthier alternatives.

Redwood City-based Impossible has raised more than $300 million to date for its “juicy” burgers engineered from plants. For Bill Gates, the world’s wealthiest man (on some days) it was his second plant-based burger investment (the other: Beyond Meat).

Gates was joined by Temasek, the $200 billion Singapore state-owned wealth fund, Khosla Ventures and Horizon Ventures. Impossible Foods’ new factory in Oakland is expected to produce a million pounds of “plant meat” each month.

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