According to a Reuters report which cites unnamed sources, Impossible Foods may be preparing for a public listing in the next 12 months which could either take the form of an IPO or a merger with a special purpose acquisition company (SPAC), at a reported value of $10 billion or over. Reuters states that Impossible has already raised $1.5 billion privately.
Vegano, Canada’s first 100% plant-based meal-kit delivery service, announces it has closed a $4.2 million Series A round, more than doubling its original target of $2 million, bringing its total funding to $6 million and its post-money valuation to $14 million. Founder Conor Power says there are plans for the company to become publicly listed later in 2021, at which point there will be a further fundraise.
The Very Good Food Company Inc, which owns The Very Good Butcher, the second plantbased meat company to go public last month, announces it has entered into an agreement with Canaccord Genuity Corp. to purchase an aggregate of 4,000,000 units at a price of $1.30 per Unit for a total offering of $5,200,000.