How Much Did Perfect Day Raise? Headquarters, Funding & Key Investors

Perfect Day, a Berkeley-based food technology company, has secured $770 million in total funding across multiple rounds, including a $350 million Series D led by Temasek and CPP Investments, and a $90 million Series E in 2024. Founded in 2014 by Perumal Gandhi and Ryan Pandya, Perfect Day specializes in animal-free dairy protein made via precision fermentation. With backing from global investors such as SOSV, Horizons Ventures, and Temasek, the company achieved a $1.5 billion valuation in 2021, positioning itself as a sustainable leader in the alt-dairy sector.

How Much Did Perfect Day Raise? Funding & Key Investors

Perfect Day develops animal-free dairy proteins for food and beverage applications through precision fermentation, offering sustainable and nutritious alternatives to traditional dairy. Founded in 2014 by Perumal Gandhi and Ryan Pandya and headquartered in Berkeley, California, the company employs around 101-250 people. Its ingredients are used in multiple partnerships and product launches to promote a kinder, greener supply chain. By combining biotechnology and food innovation, Perfect Day is pioneering the future of sustainable dairy, reducing environmental impact while preserving the authentic taste and nutrition of dairy products.

What Is Perfect Day and What Does It Do?

Perfect Day, founded in 2014 by Perumal Gandhi and Ryan Pandya in Berkeley, United States, develops animal-free dairy proteins through precision fermentation. With a team of around 101-250 employees, the company creates sustainable and cruelty-free dairy alternatives for global food and beverage brands.

Perfect Day’s mission centers on creating a greener, animal-free food system by replicating the texture, nutrition, and flavor of real dairy without the need for livestock farming.

How Much Funding Has Perfect Day Raised?

*Seed Round* • Amount Raised: $60K
• Date: May 2014
• Lead Investors: SOSV
• Motivation: To initiate company operations and early R&D for animal-free dairy proteins.
*Seed Round* • Amount Raised: $2M
• Date: September 2014
• Motivation: To strengthen fermentation research and expand lab operations.
*Series A* • Amount Raised: $24.7M
• Date: February 2018
• Lead Investors: Temasek Holdings
• Motivation: To scale production and launch commercial products.
*Series B* • Amount Raised: $34.8M
• Date: February 2019
• Lead Investors: Horizons Ventures, Temasek Holdings
• Motivation: To expand product lines and enter new global markets.
*Series C* • Amount Raised: $140M
• Date: December 2019
• Lead Investors: Temasek Holdings
• Motivation: To enhance production infrastructure and international reach.
*Series C* • Amount Raised: $160M
• Date: July 2020
• Lead Investors: CPP Investments
• Motivation: To accelerate global scaling and new product development.
*Series D* • Amount Raised: $350M
• Date: September 2021
• Lead Investors: CPP Investments, Temasek Holdings
• Motivation: To expand globally and strengthen market leadership in sustainable dairy.
*Series E* • Amount Raised: $90M
• Date: January 2024
• Lead Investors: Horizons Ventures, SOSV
• Motivation: To improve manufacturing efficiency and push toward profitability.

Total Funding Raised: $770 Million

Current Valuation: $1.5 Billion (as of September 2021)

Latest Funding Date: January 2024

Key Investors

*CPP Investments* • Details: The Canada Pension Plan Investment Board manages a diversified portfolio to ensure long-term value growth.
• Investment Focus Areas: Public/private equity, infrastructure, real estate, fixed income.
• Notable Investments: Alibaba, Enbridge, Glencore.
*Temasek Holdings* • Details: Singapore’s state-owned global investment company focusing on sustainable long-term growth.
• Investment Focus Areas: Financial services, life sciences, consumer, energy, and technology.
• Notable Investments: Alibaba, DBS Bank, Singapore Airlines.
*Horizons Ventures* • Details: A Hong Kong-based venture capital firm backing disruptive, tech-driven companies.
• Investment Focus Areas: Artificial intelligence, biotech, and clean energy.
• Notable Investments: Facebook, Spotify, Zoom.
*SOSV* • Details: A global venture capital firm running startup accelerators to support early-stage innovation.
• Investment Focus Areas: Food tech, biotech, and climate tech.
• Notable Investments: BitMEX, Formlabs, NotCo.

Where Is Perfect Day’s Headquarters?

Perfect Day is headquartered in Berkeley, California, a hub for biotechnology and food innovation. The location offers access to research talent from top universities, proximity to Silicon Valley investors, and a thriving startup ecosystem that supports sustainable food tech ventures.

What’s Next for Perfect Day?

Perfect Day is gearing up for large-scale production and expanding its global footprint. The company plans to launch more animal-free dairy products through strategic partnerships with leading food manufacturers. With its $90 million Series E funding, Perfect Day aims to achieve commercial profitability, enhance fermentation efficiency, and solidify its position as a pioneer in sustainable protein technology.

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