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…
Thierry Heles
Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
