Following on from plant-based burger company Beyond Meats’ stock market flotation two weeks ago, which raised $240m, its rival Impossible Foods has raised $300m this week.

This recent equity raise by Impossible Foods brings the company’s total equity raised to $750m and values the California-based company at about $2bn. The fund raise comes after it announced a partnership with Burger King in the US to roll out the “Impossible Whopper”.

Beyond Meat had an explosive public debut, with shares soaring 163% on its first day of trading

Impossible Foods has struggled to keep up with increased demand, with restaurants selling the Impossible Burger facing shortages in recent months.

Beyond Meat had an explosive public debut, with shares soaring 163% on its first day of trading. The initial public offer price valued Beyond Meat at $1.5bn. Since then, Beyond Meat’s share price has almost trebled, giving the company a market capitalisation of about $4bn.

Impossible Foods has raised rounds of $75m and $108m from investors including Google, Hong Kong billionaire Li Ka-shing’s Horizons Ventures, and Bill Gates.