There are innovators all over the world with ideas and ambitions similar to our animal-free milk protein, but need help getting there. "We first got into the ingredient business because food companies, big and small, were eager to work with the ingredients we had successfully scaled," said Perumal Gandhi, Perfect Day co-founder. "Today, something analogous is happening on the technology side. Now, in addition to ingredient innovation and consumer products, the company intends to expand its offerings into "enterprise biology," providing technology development services for companies looking to harness the sustainability and scale that Perfect Day has proven it can deliver. In mid-2020, Perfect Day added SBF, Inc., a bioprocess scale-up facility located in Logan, Utah, to the corporate portfolio. This mindset led, in 2016, to the company's expansion into B2B supply chain innovation, selling protein to food companies and in 2019, to the founders' foray into consumer products through The Urgent Company (TUC), now a full-fledged part of the Perfect Day umbrella. "We quickly realized that we could maximize our positive impact for the planet and the global food system by applying our technology and know-how across the supply chain." "When we first started this almost eight years ago, we had the simple goal of creating a way to make dairy without animals," explained Ryan Pandya, co-founder and CEO.
The round brings Perfect Day's total funding up to $750 million. who deepened their role with Perfect Day in this funding series. The round, co-led by Temasek and Canada Pension Plan Investment Board (CPP Investments), included strong participation from long-term investors such as Horizons Ventures and Bob Iger, as well as SK, Inc.
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30, 2021 /PRNewswire/ - Today, 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.
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