Udderlessly Amazing – Perfect Day Raises $350M, Prepares for IPO, Launches Cheese Category

BioChemicals/Renewable Chemicals, Business News/Analysis, Funding/Financing/Investing

October 4, 2021

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by Helena Tavares Kennedy (Biofuels Digest) From sunny California came news that Perfect Day, Inc., best known as the creator of the world’s first animal-free milk protein, announced a $350 million Series D funding round intended to fuel the company’s expanded focus across biological engineering, ingredient innovation, and consumer products. The round brings Perfect Day’s total funding up to $750 million – an impressive number indeed and a nice setup for an upcoming IPO.

Oh, and by the way, it’s launching a new cheese category, which we all know is a huge market given our love of cheese around the world.

In today’s Digest, the background, the funding, people power changes, what this means for alternative proteins, and more.

The background

We’ve covered Perfect Day in the past and highlighted its Slide Guide The Power of Protein: The Digest’s 2019 Multi-Slide Guide to Perfect Day. The Digest even covered its early beginnings as Muufri back in 2015 here. READ MORE

Soaring pea costs set to hit plant-based meat producers (Financial Times)

Meat the future: Unpacking Australia’s protein potential (Ag Funder News)

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