Impossible Foods raised $114 million to help create more plant-based alternatives for meat products. The movement was led by Singapore's Temasek and Sailing Capital.
The industry has seen a growing interest in plant-based alternatives for meat, and companies like Impossible Foods have been trying to me meet the needs.
Impossible is able to make a burger from soy leghemoglobin that is produced from genetically modified yeast and a fermentation process.
Last year, the company was able to raise $75 million via a convertible note.
Impossible Foods has a goal of being able to offer a plant-based alternative to not only beef, but also fish, chicken, eggs and cheese.
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