Impossible Foods
- 🦄Became a unicornMay 2019
- 📈Peak valuation$6.84 Billion ’21
- 💔Became a Unitard~2024
- 💸Last valuation—
How it happened
Impossible Foods is a food-technology company offering plant-based meat substitutes to consumers seeking sustainable, ethical alternatives. Last valued near $6.84B (Series H-1, 2021), it has since fallen out of the $1B unicorn club and remains private amid a broad slowdown in the plant-based category. Glassdoor reviews across 2022-25 describe a company in transition: employees recounted repeated rounds of layoffs and restructuring, frequent reorgs and shifting priorities, and a cultural shift from mission-driven research toward cost-cutting and packaged-goods economics after the founding CEO stepped down. Many still praised the products, colleagues and benefits, but described eroding morale and equity that had lost much of its once-hoped-for value.
Employee accounts paraphrase anonymous, unverified reviews posted publicly on Glassdoor ↗. See our methodology.
Mutual-fund markdowns
2 funds · SEC NPORT-PHow U.S. mutual funds fair-value this still-private company in their quarterly SEC filings.
| Fund | Class | $/sh | From peak | As of |
|---|---|---|---|---|
| The Private Shares Fund | Common | $2.32 | -86% | Mar 2026 |
| The Private Shares Fund | Series E-1 Pref | $5.60 | -66% | Mar 2026 |
| Destiny Tech100 Inc. | Series A Pref | $1.71 | -66% | Mar 2026 |
| The Private Shares Fund | Series H1 Pref | $18.46 | -10% | Jun 2025 |
| The Private Shares Fund | Series H2 Pref | $18.46 | -10% | Jun 2025 |
| Destiny Tech100 Inc. | $3.25 | -35% | Sep 2024 |
Source: SEC EDGAR Form NPORT-P (Level-3 fair-value marks). Per-share marks reflect the fund’s own valuation of a specific share class and aren’t a company-wide valuation. Last refreshed Jun 2026.
Source: SEC NPORT-P fund marks (below); peak per primary round
