The Continental Grain-backed vegan dairy product developer has captured $140m at a $440m valuation, with Temasek leading the round.

Perfect Day, a US-based animal-free dairy protein manufacturer backed by agribusiness Continental Grain, closed a $140m series C round yesterday that was led by Singaporean state-owned investment firm Temasek.

Venture capital firm Horizons Ventures and several unnamed, existing shareholders also contributed to the round, which valued Perfect Day at $440m according to the Financial Times.

Founded in 2014 as Muufri, Perfect Day has developed a plant-based, animal-free dairy protein it claims can offer the same nutritional benefits and taste as…

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Thierry Heles

Thierry Heles is the editor of Global University Venturing, host of the Beyond the Breakthrough interview podcast and responsible for the monthly GUV Gazette (sign up here for free).
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