Temasek Holding financing US$75m in meatless burger maker for investment round

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This is the foremost time Temasek financed in a California-based business.

DealStreet Asia described Singapore’s state-owned Temasek Holdings ran the US$75m backing round in California-based Impossible Foods, the creator of meatless burgers.

Open Philanthropy Project, Bill Gates, Khosla Ventures and Horizon Ventures will also fund to the round.

The company, nevertheless, did not unveil additional particulars of the backing. Established in Redwood City, California, Impossible Foods creates meat and dairy merchandises straight from plants — with a much smaller eco-friendly footmark than those created from animals.

The company assertions to be using up-to-date skill and knowledge to produce healthy food, reinstate natural environments and nourish a mounting populace sustainably.

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