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Venture Capital News: Perfect Day Announces $350M Series D Round

2021-10-01
BERKELEY, CA, Today, Perfect Day, best known as the creator of the world's first animal-free milk protein, announced a $350 million Series D funding round.
Today, Perfect Day announced a $350 million Series D funding round intended to fuel the company's expanded focus across biological engineering, ingredient innovation, and consumer products. The round, co-led by Temasek and Canada Pension Plan Investment Board (CPP Investments), included strong participation from long-term investors such as Horizons Ventures and Bob Iger, as well as SK, Inc. who deepened their role with Perfect Day in this funding series. The round brings Perfect Day's total funding up to $750 million.

Founded in 2014 by bioengineers Ryan Pandya and Perumal Gandhi, Perfect Day is on a mission to create a kinder, greener tomorrow through the thoughtful use of biology. Leveraging expertise across biological engineering, food innovation, and consumer products, Perfect Day is helping companies big and small to develop, scale, and commercialize next-generation products that satisfy consumers' demands and champion a path toward a sustainable future.
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