How to invest in Impossible Foods stock pre-IPO
Impossible Foods: Company background
Impossible Foods, based in Silicon Valley, was founded in 2011 by Dr. Patrick Brown, a medical doctor and research scientist who was formerly a professor of biochemistry at Stanford.4,5 The company was founded based on Brown wanting to address the impact that animal agriculture has on the climate crisis.
The company's first product, a burger, debuted at a Momofuku restaurant in New York in July 2016.16 By 2019, the Impossible Burger started selling in grocery stores,17 and since 2019, the company has significantly expanded its product lineup.
In 2021, the company launched Impossible Nuggets (a chicken nugget substitute), and in late 2023 it previewed the Impossible Hot Dog in New York.18 It has also been working on expanding into Europe.19
Former CEO McGuinness told the Wall Street Journal in 2025 that the company wanted to target flexitarians (those who sometimes eat meat) to grow its market.20 It has also been targeting athletes, receiving the NSF Certified for Sport® certification in October 2025 for Impossible Beef and the Impossible Burger.21
In January 2026, the company announced a partnership with Equii, which developed a yeast protein that it uses in products like bread and pasta.22
Impossible Foods stock and funding history
Forge Data as of 06/25/2026
Impossible Foods has raised over $1.9 billion across its funding rounds since starting in 2011. That year, its Series A raised $6.42 million at a $64.21 million valuation and a $1.00 stock price, with investment from Khosla Ventures.
In July 2013, the company raised a combined $30.64 million across its Series A-1 and Series B rounds, both involving Khosla Ventures, which brought the valuation to $155.94 million and the stock price to $1.35 for the Series B.23
In June 2014, Impossible Foods' Series C raised $41.12 million from investors including Gates Ventures, Khosla Ventures, GV and Horizons Ventures, bringing the stock price to $2.03 and the valuation to $278.90 million. The following year, the Series D raised $125 million from a group including UBS, Viking Global, Horizons Ventures and Khosla Ventures, bringing the stock price up to $4.50 and the valuation to $743.93 million24 — all before its products even publicly debuted.
In May 2019, the Impossible Foods Series E raised a total of $300 million, bringing the stock price to $10.60 and the valuation to $2.08 billion.25 This round was led by Temasek and Horizons Ventures.26
In March 2020, the Series F raised $704.41 million, including investment from Mirae Asset Global Investments, Khosla Ventures, Horizons Ventures and Temasek. This round brought the stock price to $15.41 and the valuation to $3.67 billion.
Later that same year, the Series G pulled in $209.63 million, bringing the stock price to $16.15 and bumping the valuation to $4.05 billion. This round included investment from Coatue Management, Mirae Asset Global Investments, Temasek and XN.27
Most recently, in November 2021, Impossible Foods raised $543.67 million for its Series H. This took the stock price to $24.16 and the valuation to $6.84 billion, including investment from Mirae Asset Global Investments and Rubix.28
Impossible Foods stock price and valuation
Since its Series H in November 2021, Impossible Foods' Forge Price has fallen. As of June 25, 2026, Impossible's Forge Price is $1.51, implying a $427.35 million valuation, which is over a 93% decrease since 2021.29
Forge Data as of 06/25/2026
Forge Price is a derived data point that reflects the up-to-date price performance of venture-backed, late-stage companies. It is calculated based on a proprietary model incorporating pricing inputs from primary funding round information, secondary market and indications of interest (IOIs) on Forge.
This decline mirrors the broader plant-based meat category. Beyond Meat, a plant-based meat alternative company, exemplifies the trend: the company went public in 2019 at a $1.46 billion valuation and then soared to an over $14 billion market cap a few months later.8 From there, the stock had some big swings, but by early 2021 it was back over $11 billion, only to lose steam through much of 2021 and slide below $1 billion in late 2022.8 It now sits at under $400 million.9 After revenue peaked in 2021, Beyond Meat's revenue has been declining since.10
In the late 2010s and into 2020 and 2021, plant-based meat was red hot as innovative companies started cropping up. From 2018 to 2020, U.S. annual retail sales ballooned from $811 million to $1.4 billion, according to SPINS data,4 significantly outpacing the animal-based meat market.5
By 2021, however, sales started to plateau6 and have dropped in recent years. For the year ending April 20, 2025, U.S. retail sales fell by 7.5% to $1.13 billion, as reported by AgFunderNews.7
Impossible Foods IPO: latest updates
Impossible Foods was reportedly preparing in 2021 to go public through an initial public offering (IPO) or SPAC merger at around a $10 billion valuation, according to Reuters.12 However, that did not come to fruition, and its valuation has since slid to $452.82 million, based on Forge data.11
Reuters also reported in April 2024 that Impossible Foods' then-CEO, Peter McGuinness, said the company was eyeing a liquidity event in the next two to three years, which could mean going public, selling the company or raising money.12
While nothing concrete has materialized since April 2024, the window from that statement does still extend into 2027. However, McGuinness stepped down as Impossible's CEO in January 2026, leaving his responsibilities to a three-person executive leadership team.13
In the meantime, interested accredited investors may be able to invest in Impossible Foods stock pre-IPO through a private marketplace like Forge, subject to share availability and transfer restrictions.
How to analyze Impossible Foods stock
Private companies generally do not face the same disclosure requirements as public companies, which can make analyzing Impossible Foods stock challenging.
However, you may look at the financial data that has been publicly reported, although there is not much clear or recent data for Impossible. Contrary Research noted that Impossible reportedly had around $137 million in revenue in 2021.31 Impossible Foods then reported record revenue in 2022, with 50% growth in retail sales.32
Investors might then compare what has been reported about Impossible Foods vs. broader category data and quarterly earnings data from competitor Beyond Meat. That, combined with reviewing Impossible Foods' valuation data across its funding rounds and its current Forge Price, could allow investors to determine how Impossible Foods' stock compares to similar private companies listed on Forge's private stock marketplace.
Who can invest in Impossible Foods pre-IPO?
Investment in a non-public company like Impossible Foods is typically limited to accredited investors, due to U.S. regulations that generally restrict the offer and sale of private company securities to such investors.
Some large accredited investors, such as VC funds and certain high-net-worth individuals, may be able to invest in Impossible Foods if selected to participate in primary funding rounds or strategic investment partnerships. Smaller accredited investors may be able to access shares of Impossible Foods through a private stock marketplace like Forge, subject to share availability.
Where to buy pre-IPO Impossible Foods stock
While pre-IPO Impossible Foods stock is not for sale to the general public, accredited investors may be able to find shares for sale through a private marketplace such as Forge marketplace.
Registered investors with a verified profile may also explore Forge's active opportunities for other companies in the food or broader tech sectors
Learn more about investing in Impossible Foods on Forge
If you are interested in investing in Impossible Foods before a potential IPO if/when shares become available, you may open a free Forge account. Once your account is active and your accreditation is verified, you may gain access to real-time private market data, context-rich insights and a marketplace built for self-directed investors.
Not sure where to begin? You can read our buyer's guide to investing in private market shares. And if questions come up along the way, Forge's experienced specialists are available to support you.
FAQs about investing in Impossible Foods
Can you invest in Impossible Foods?
As a private company, Impossible Foods stock is generally limited to accredited investors. If eligible, you may be able to buy Impossible Foods stock through a private marketplace such as Forge, subject to share availability and transfer restrictions.
Is Impossible Foods going to go public?
Who are Impossible Foods' competitors?
Impossible Foods' competitors include other plant-based meat companies like Beyond Meat as well as diversified food companies like Kellanova and Conagra Brands that own plant-based meat brands. Impossible Foods also competes for overall market share with traditional meat companies like Tyson, JBS and Cargill.
What is Impossible Foods' current valuation?
As of June 25, 2026, Impossible Foods' Forge Price is $1.51, implying valuation of $427.35 million.29 This represents over a 93% decrease from its $6.84 billion valuation at its November 2021 Series H round.
