Bay area creator of animal-free dairy, Perfect Day, today announces the expansion of its Series C to $300 million through a new tranche led by Canada Pension Plan Investment Board (CPP Investments), following increased interest after production breakthroughs in the company’s proprietary flora-made dairy proteins.
Perfect Day Series C
Perfect Day Secures $140 Million Series C For its “Animal-Free Dairy” Products
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.