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Venture Capital Startups

Impossible Foods in Talks With Fast Food Chains, Sees Revenue Tripling in 2019

Impossible Foods, the hot Silicon Valley maker of plant-based burgers, predicts its revenue will more than triple this year and the company is in discussions with an array of fast food chains, including Little Caesars, about putting its vegetarian meats on their menus, according to documents viewed by The Information.

The documents—part of an investor presentation the company used to raise money for a funding round announced Monday morning—said Little Caesars presented Impossible Foods with a proposal in February for something called an “Impossible Supreme Pizza” that could be offered in all the pizza chain’s U.S. locations, one of several possible chain partnerships it is considering. The presentation also revealed a host of previously unreported details about Impossible's financial performance in 2018 and its financial forecasts. The $300 million funding round it announced Monday valued the company at around $1.9 billion, according to a person with knowledge of the matter.  

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