Impossible Foods raises another $200 million in funding

Impossible Foods announced Thursday it has landed an additional $200 million in funding, to a total of $1.5 billion since its founding in 2011. The round was led by Coatue, a technology-focused hedge fund.

The company said it intends to use the funds to expand research and development programs, accelerate manufacturing, increase its retail presence, and develop the next-generation of plant-based products.