Impossible Foods may double valuation with new funding

Impossible Foods Inc. is in talks with investors about a new round of funding that could more than double the $2 billion valuation the company had in May, people familiar with the matter told Reuters.

In the latest round, the maker of the plant-based Impossible Burger is seeking to raise up to $400 million.

Rival Beyond Meat Inc. has a valuation of $4.8 billion after the price of its shares more than tripled following the company's initial public offering in May.

Read more from Reuters.