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00:00:00
workers well to be more exact the impossible burger the plant based Patty by impossible foods which made a splash last month with it's impossible Whopper after Burger King impossible foods told Reuters exclusively that these stars and several other big name celebrities are among the investors that are joining the fifth round of fundraising bringing total of money raised to seven hundred fifty million dollars that values the impossible burger according to sources at about two billion dollars impossible Berger's latest funding round comes after rival beyond meat went public in a robust IPO with big investor appetite for environmentally friendly alternatives to meet and the big demand for impossibles burger is even creating a strain on the company says David Lee impossible burgers CFO we have right now one facility in Oakland we're looking at additional facilities additional partners %HESITATION nationwide because the demand that we're seeing for the impossible burger far exceeds all of our expectations and the good news is we have the capital with the announcement of our recent fund raiser to be able to fund expansion so that we can resist a man and a possible needs to ramp up Patty production fast Burger King says the impossible Whopper test in Saint Louis was a success and is targeting a nation wide rollout by the end of the year impossible foods launched its first full meet Patty over two years ago a genetically modified yeast creates the key ingredients called team which make the parties appear to bleed and taste like meat it's now serving over seven thousand restaurants and will be coming to a retail store near you for the end of the year as for getting their stock on the market the company won't say when it plans to list shares but it's something that is on their menu