Perfect Day Raises $350 Million To Expand Consumer And Enterprise Biology Platforms
09/30/21, 7:00 AM
Location
berkeleyMoney raised
$350 million
Today, Perfect Day, Inc., best known as the creator of the world's first animal-free milk protein, 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.
Company Info
Location
berkeley, california, united states
Additional Info
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.
The company's flagship product, the world's first precision-fermented protein, debuted in 2020. Instead of relying on cows, Perfect Day utilizes microflora to create proprietary animal-free milk protein. Perfect Day's protein can be used across a range of products to deliver the same taste and texture without compromise. An ISO compliant, third-party reviewed life cycle assessment (LCA) found that Perfect Day's whey protein reduces blue water consumption by up to 99%, greenhouse gas emissions by up to 97%, and non-renewable energy use by up to 60%, compared to conventional production methods. To learn more, visit perfectday.com or follow along on Facebook, Twitter, Instagram, and LinkedIn.