The Continental Grain-backed animal-free dairy protein producer’s latest round valued it at $1.5bn and lifted its overall funding to $750m.

Perfect Day, the US-based vegan dairy protein product manufacturer backed by agribusiness Continental Grain, has received $350m in series D funding, the Wall Street Journal reported yesterday.

Singaporean government-owned investment firm Temasek and asset manager Canada Pension Plan Investment Board co-led the round, which included private investor Robert Iger, co-founders Ryan Pandya and Perumal Gandhi told WSJ.

The round was secured at a $1.5bn valuation and came ahead of a possible initial public offering in the next 12 months, according…

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Edison Fu

Edison Fu is a reporter and Asia liaison at Global Corporate Venturing.
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