Perfect Day gets $24.7 million and a new patent

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In California, Perfect Day, a global leader in the science, research, and production of animal-free dairy, raised $24.7 million in funding and received its first patent for the use of animal-free dairy proteins in food applications. These significant milestones underscore Perfect Day’s vision for creating a future-proof source of nutrition and dairy delight for everyone in the world.

Co-founder Perumal Gandhi said, “This funding will enable the Company to grow the team, accelerate scale-up efforts, and ultimately, commercialize with a wide variety of partners across the food and dairy sectors.” The Series A raise was led by Temasek, a Singapore state-owned investment company. Temasek’s investment in Perfect Day aligns with the firm’s belief that collective action is needed to achieve the United Nations Sustainable Development Goals by 2030.

Founded in 2014, Perfect Day is creating a more secure, environmentally friendly and nutritious source of protein – without the use of animals.