Coatue Leads $200 Million Funding Round for Impossible Foods

Plant-based meat producer Impossible Foods Inc. said it raised $200 million in its latest funding round, bringing the total investment raised by the company to nearly $1.5 billion.

The new investment will be used for research, product development, international operations and other core functions, the company said in a statement. New investor Coatue Management LLC led the round, and Mirae Asset Global Investments, Temasek Holdings Pte and XN Capital also participated.