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…

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