Watch Out BYND: "Impossible Foods raises $500M, bringing its lifetime funding to more than $2B"

Beyond Meat is up $1.25 (+1.78%) at $71.51 but its descent over the last three months has been nothing short of Duchampian:

BigCharts

And from FoodDive, November 23:

Dive Brief:

• Impossible Foods closed a $500 million funding round, bringing its lifetime funding to more than $2 billion. This latest round was led by Mirae Asset Global Investments. Other participants were existing investors, the company said in a statement.
• The funding will help Impossible Foods continue to grow in the U.S. and internationally, the company said. It will used to expand retail growth through its supply chain, product portfolio and technology platforms, which the company said will help it achieve its mission of addressing the threat of climate change caused by animal agriculture.
• This is the first significant funding round for Impossible Foods this year. The company received a total of $700 million in two separate rounds in 2020: $500 million in March — also led by Mirae — and $200 million in August.

Dive Insight:
As other plant-based meat brands report sales slowdowns and missed earnings targets, Impossible Foods is delivering some good news for the sector. The company is still well capitalized, growing and has more global expansion in its sights....

....MUCH MORE

Previously on Impossible:
April 2021
"Impossible Foods in talks to list on the stock market: sources"
BYND always knew this day would come, they probably didn't think the number would be bigger than their own $8.5 billion market cap tho.

August 2020
Beyond Meat Competitor Impossible Foods Raises $200 Million Series G Round
Raising the question: "How deep into the alphabet can they go?"
(I think the last SpaceX financing was a 'Series R')

January 2020
Can Plant-Based "Pork" Sell In Muslim South Asia?
As we've pointed out, Indonesia has the world's largest Muslim population and India has the second largest.
Including Bangladesh, Pakistan, Malaysia and 11 million or so folks in the Philippines and you've got what the marketeer coyly refers to as "a large addressable market".

It's like the old joke about the two shoe sellers sent to Kenya in the early years of the last century:

1) "Terrible market, nobody wears shoes here".

2) "Wonderful market, nobody wears shoes here". 

Ahem. From the South China Morning Post, January 10....

December 2019
"Washington Post Denies Claim New Estrogen-Packed 'Impossible Whopper' Will Make Men Grow Breasts"
April 2018
Laboratory Meat Company Impossible Foods Raises Another $114 Million, Approaching $400 Million to Date
Yes, there was a method to the madness when we the adopted analysis of the frankenfood alternative protein purveyors as our own little cottage industry a couple years ago.
Now may be the time to re-purpose the mission statement we use for another emerging sub-industry:

"As the only analysts covering the nascent as-yet-theoretical autonomous electric flying taxi market we intend to be the the go-to source for all things autonomous electric flying taxi and/or theoretical...."

And recently on Beyond Meat:
November 23
Chartology: Remember The Chart Pattern That Preceded The Drop In Beyond Meat? (IWM; BYND)
November 11
ICYMI: Beyond Meat Collapses (BYND)
Oct. 26
Beyond Meat Cut To Underperform By Credit Suisse, Price Target $75 (BYND)
Oct. 22
Beyond Meat Hit Hard By Lowered Guidance (BYND)
October 8
Beyond Meat Does Not Look Well (BYND)
September 7
UPDATED—Beyond Meat: The Thrill Is Gone (BYND)