Continental Grain-backed Perfect Day has raised a further $160m for a round that increased the vegan dairy protein developer's overall funding to more than $360m.
Perfect Day, the US-based vegan dairy protein producer that counts agribusiness Continental Grain as an investor, increased its series C round to $300m yesterday with a $160m second tranche.
Canada Pension Plan Investment Board’s Thematic Investing group provided $50m to lead the second close, which follows $140m from Temasek, Horizons Ventures and undisclosed existing investors in December 2019 at a valuation placed at $440m by the Financial Times.
Formerly known as Muufri, Perfect Day utilises fermentation in microflora to…
