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The latest funding for the Beyond Meat (NASDAQ:BYND) rival comes ahead of an expected stock market listing next year in the United States.
Reuters reported in April that Impossible Foods was preparing for a public listing that could value it at around $10 billion or more.
The company is exploring going public in the next 12 months through an initial public offering or a merger with a so-called special acquisition company (SPAC), the report had said.
The latest round, which included other existing investors, brings the total funds raised to $2 billion since the company was founded in 2011.
California-based Impossible Foods is backed by high-profile names including Microsoft Corp (NASDAQ:MSFT) co-founder Bill Gates, Google (NASDAQ:GOOGL) Ventures and UBS Group AG (SIX:UBSG).