The Series E round was led by existing investors Temasek and Horizons Ventures.
As with competitors' vegan burger offerings - such as Impossible Foods' Impossible Burger which is sold in Burger King, and Nestlé's Incredible Burger which is sold in McDonald's Germany - Beyond Meat is spreading across the foodservice sector.
In particular, Impossible Foods offers the plant-based Impossible Burger, which debuted in 2016, and recently launched the Impossible Burger 2.0, a significant product upgrade. Please see the Impossible Foods' job site to learn about a wide variety of openings.
GFI is a not-for-profit organisation that works to promote plant-based and cell-based meat, eggs, dairy and seafood to promote a healthy planet, animal welfare, and human public health.
He wanted to make a product that was so similar to the real thing that it would be consumed by a meat lover.
The company's goal is to eliminate the need for animals in the food chain by 2035.
"The fundraising underscores the growing appeal in plant-based food that tries to taste like meat with fewer environmental or health risks".
The father-of-three, who has previously worked on developing DNA technologies, then enlisted the help of a team of scientists to carry out lab tests.
The Impossible Burger is now sold in more than 7,000 restaurants on two continents. Read Brown's blog to learn more about the company's mission.
In 2016, it released its Impossible Burger product, created to look and taste like a beef burger.
Ingredients in their burgers include wheat, soy and potato proteins.
Impossible is working to add a second production line at its California plant to meet demand, and wants to make the meat substitute available in stores soon.
Impossible Burger is sold at more than 7,000 restaurants worldwide including White Castle, Qdoba and Red Robin and at Disney theme parks. It plans to launch the Impossible Burger in retail outlets later this year.
The financing brings the company's total equity raise to $750 million - and provides a sizable pool of funds to draw from as it continues to compete with its newly publicly traded rival, Beyond Meat.
In addition to blue-chip institutional investors, the Series E round included celebrity investors like Jay Brown, Paul George, Jay-Z, Serena Williams, and Katy Perry. Also on the list are Reddit co-founder Alexis Ohanian and his wife, tennis star Serena Williams, NFL star player Kirk Cousins, music producer Jay Brown and food television show host Phil Rosenthal. The market for alternative meats could reach $5.81 billion by 2022, according to Grand View Research study.