Perfect Day today announces the closing of $140 million in Series C funding. According to the FT, Perfect Day has been valued at $440m during this round. This July, the company launched vegan ice creams with a pioneering fermentation process which creates proteins identical to those found cow’s milk.
Meet Modern Kitchen: “Uncompromising” Animal-Free Cream Cheese With Real Dairy Ingredients
While plant-based cream cheese products continue to grow in size and diversity, Modern Kitchen is bringing something entirely new to the market: a non-animal cream cheese made with real dairy ingredients. Using Perfect Day’s animal-free whey protein, Modern Kitchen says it is taking a modern food tech approach to reinvent traditional foods without compromising on taste. By utilizing Perfect Day’s revolutionary protein, made with precision fermentation, the brand says its products reduce greenhouse gas emissions by up to 97% when compared to conventional dairy. First launched in 2022, Modern Kitchen sells a full lineup of lactose-free cream cheeses in several flavors, including a newly added “Plain” variety. Last year, the brand debuted in regional US grocery chains Harris Teeter and Market Basket. Made with a …